"Steris Corp. (NYSE: STE), the world's leading maker of sterilization and decontamination equipment, is a fast-growing company in a recession-proof industry," notes growth stock expert Alexander Green.
The contributing editor to industry-leading The Oxford Club explains, "Every year, 6.5 billion medical devices are sterilized in Steris equipment. Even gun-shy investors can afford to step up and buy a few shares of this one."
"Researchers and professionals in the pharmaceutical, medical device manufacturing and health care industries count on Steris to keep their environments germ-free.
"In North America, Steris leads in products like lights, booms and tables. It also offers consumable products, such as hand sanitizers, washing lotions and skincare products.
"This company has a long history, datingo its beginnings as The American Sterilizer Company in 1894. It was already a world leader in sterilization products in the 19th century. Today, the company employs more than 5,300 people in more than 60 countries. Sales hit $1.32 billion over the past 12 months.
"And under the leadership of new CEO Walt Rosebrough, Steris is re-energizing its sales, marketing and R&D. It's also cutting costs to enhance efficiencies and improve profits.
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