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Russ Atter
IDEXX Laboratories
April 17,2006
Company History
From humble beginnings in 1984 with less then a dozen employees, IDEXX Corporation has grown into a multi-national company with more then 3,000 employees worldwide. Based in Westbrook, Maine this biotech company generated more $600 million in total revenue in 2005, a 16% increase over fiscal 2004. IDEXX produces equipment and software for use in veterinary offices including in-house diagnostic machinery and testing kits. Equipment, developed by IDEXX allows veterinarians to obtain immediate results from diagnostic tests that were once sent to off-site laboratories. "In addition to the veterinary market, IDEXX also has a leading position in diagnostic tests for poultry, cattle and swine producers and tests for quality and safety of water and milk"(Harkavy, par. 8). Currently, the company operates under three divisions; companion animal group (veterinary services), water and food diagnostics. Their forecast for sales in 2007 is planned to be about $700 - $710 million (IDEXX, 1).
Financials
IDEXX Laboratories is currently trading at 82.27. The 52 week high/ low is the highest and lowest price the stock has traded in the past twelve months. Investors see the highest and lowest indicator as a very important factor. A stock trading at a low might signal a bargain after retreating from its high. Investors, of course will conduct further analysis to view other indicators, but the high/low indicator can still serve as a signal that warrants deeper investigation. IDEXX laboratories have a 52 week high of 86.74 and a 52 week low of 52.94.
Outstanding shares are all the stocks that are currently held by investors including t ...