Waters Corp (NYSE:WAT)
CAPS Rating:
Analytical instrument manufacturer that designs, manufactures, sells & services high performance liquid chromatography, ultra performance liquid chromatography together with high performance liquid chromatography and mass spectrometry instrument systems.
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Waters Corp had its stock price hammered in Q4 07 because of disappointing results. However, in Q1 08, it reported a 12% increase in sales as well as an increase in net income.
This company is well managed and has great financial stability. Its ROE is excellent at 43.50%. The company expects to increase revenue and earnings growth in 08.
At a price of $61.87, the stock is trading well off its 52 week high of $81.84. IMO, WAT is oversold. It may have some challenges in the short-term, but in the long term it is an outperformer.