+ Watch NEOG
on My Watchlist
The Company develops, manufactures and markets a line of products dedicated to food and animal safety.
I have held neogen longer than any stock in my portfolio, at least 10-15 years. Why? Because it has been better than gold all of that time until recently. It is also because I am not anxious to pay the taxes on such a big gain. In a nutshell, Here is why: Neogen always increases its earnings, recession or not. I believe Neogen is still better tha gold going forward, Food safety beats glitter. Neogen has a host of products. There is no need to worry about being eclipsed on one, or having some giant customer default on sales, or choose another supplier. Neogens customer base is near world-wide. But it has only recently achieved this. Coca-cola has been world-wide almost forever in comparison, and there are still people who buy it and expect it to grow. In short, Neogen is one of the more reliable companies you can own for its' earnings. I believe it has a place in any portfolio. Maybe it got ahead of itself lately, but probably not so anymore. To summarize, If you are looking for a stock in this sector to diversify your portfolio, Neogen is a good choice, and , my bet, it is a good choice more than a day, a week or a month. A year? Already had it for many and plan to keep it a few more.
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