Sometimes, amid uncertain U.S. economic waters, the markets can look like a sea of red ink, with nary a defensive sector in sight. On those occasions, it's prudent to look for niche sectors that mimic defensive sectors, due to unique characters. Pet care in the U.S. is one such sector, and in this category IDEXX Labs is worth an evaluation.
IDEXX Laboratories, Inc. (Nasdaq: IDXX) provides VetTest analyzers for pet blood/urine chemistry and diagnostic tests to detect heartworm, feline leukemia and other diseases. The company also provides veterinary consulting services and vet practice management software.
Further, lest anyone think that IDXX's business has totally 'gone to the dogs' (and cats), the company also offers tests for contaminants in water and antibiotics in milk, and its OPTI product line features electrolyte and blood gas analyzers.
IDEXX Laboratories, Inc. (Nasdaq: IDXX) provides VetTest analyzers for pet blood/urine chemistry and diagnostic tests to detect heartworm, feline leukemia and other diseases. The company also provides veterinary consulting services and vet practice management software.
Further, lest anyone think that IDXX's business has totally 'gone to the dogs' (and cats), the company also offers tests for contaminants in water and antibiotics in milk, and its OPTI product line features electrolyte and blood gas analyzers.
Chasing Value: Ten stocks for 2010 -- Part 2
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