Investing Doc
Long only, value, growth at reasonable price, long-term horizon

Psychemedics: An Undervalued Hair Tester, No Matter How You Cut It

A couple weeks ago, I underwent a random urine drug test at work. Most of us have probably gone through something similar: having to urinate into a tiny cup is a rite of passage in the world of serious employment. For better or worse, corporate America relies on drug testing to ensure that its employees don't represent potential liabilities. Because of the legal implications of the test, the collection process is rigorous and highly supervised, and the reliability of the testing method itself has to be beyond reproach: livelihoods can be ruined and reputations destroyed with a positive drug test. Moreover, employers have a financial motivation to ensure that the test is both specific enough to avoid false accusations, but...

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