originally posted this morning at www.equitiesresearch.com
X-Rite, Incorporated (NASDAQ: XRIT) closed yesterday @ $5.54 after announcing it will be acquired by Danaher Corporation (NYSE: DHR). Stockdiagnostics upgraded XRIT @ $1.97 on May 20 ,2009 after the company reported 1st quarter financials for the period ending March 31,2009. In less than 3 years shares have appreciated 181%.
click to XRIT Stockdiagnostics OPS chart
click to XRIT GFNN news story
click to XRIT GFNN news story 1
click to DHR Stockdiagnostics FC chart
click to DHR Stockdiagnostics 20q chart
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.