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How State Taxes Put a Bigger Pinch on the PoorInverness Medical Innovations, Inc. (NYSE: IMA) is a manufacturer of consumer and professional products including home pregnancy tests and fertility monitors, such as Clearblue Easy, Fact Plus, and Accu-Clear.
The company also makes diagnostic, infectious disease and serum cholesterol level testing products, and vitamins/nutritional products.
Analysts project impressive revenue and earnings per share growth for IMA for 2008, aided by IMA's aforementioned, signature pregnancy tests/fertility monitors. Costs remain reasonable, and there is ample room for market share increases. The Reuters FY 2007/FY 2008 EPS consensus estimates for IMA are $1.42 to $2.43.
The risks? Analysts have an eye on IMA's advertising/marketing expenses, as well signs of increasing competition in IMA's key business areas.
The First Call mean rating for IMA is: Buy [7 firms]. Mean 2008 target: $74.00 [high: $90, low: $65].
Stock Analysis: Inverness Medical Innovations is a moderate-risk stock not suitable for low-risk investors. Investors with an investment horizon longer than 2 years should be rewarded from IMA's shares. Sell/Stop Loss if you were to purchase shares in this company: $27.
Disclosure: Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds, and cash certificates of deposit.
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