Laboratory Corp. of America Holdings (NYSE:LH)
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An independent clinical laboratory company that offers a range of clinical laboratory tests which are used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease.
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Laboratory Corp has produced steady free cash flow. Its business is easy to understand and extremely predictable--just like its free cash flow. This is an undervalued business with low downside risk and great potential. You can't go wrong buying this business at this price.