The stock of Alere Inc. (NYSE:ALR), the Waltham, Massachusetts, -based medical products and services company, has seen a 52-week high of $35.38 in August. Since then the stock has been hovering around $31, after a ~15% correction from the top. I believe that the stock offers an excellent investing opportunity at the current level with ~40% upside over the next one year.
Alere, formerly known as Inverness Medical Innovations, offers a wide array of medical instruments and diagnostic services for cardiology, various infectious diseases, toxicology, oncology, diabetes and women's health in the United States and abroad. Alere operates in three segments: professional diagnostics, health information solutions, and consumer diagnostics.
Alere's professional diagnostics segment provides diagnostic services...
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