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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
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  • Rayno DX And Tools: Some Big Winners Today ILMN,RGDX 0 comments
    Jul 24, 2013 3:11 PM | about stocks: ILMN, RGDX

    Movers in Rayno Diagnostics and Tools Stocks

    On a lackluster day in the market two of our picks were up big,two others exceeded one year highs.

    Illumina (ILMN $81) was up 10% on earnings to an all time high recovering from its downdraft in 2011. Revenues were up 23% from previous quarter in 2012 and GAAP income was $36 M or $0.26 per share. Free cash flow was $77M for Q2. Illumina raised their expectations for 2013.

    Response Genetics (RGDX $2.13) was up 11% on huge volume of 563k shares with an average volume of 57k shares. There was no news so we can assume that a fund or an individual has added to their position. The Company has been in a turnaround mode with a recent financing and an emphasis on boosting sales of its predictive tests of tumor response for various types of cancer. Revenues for the year are estimated at $22 M. Here is what we wrote on May 15,2013:

    Emerging Biomarker Companies Redux: Positioned For Growth - Seeking Alpha

    Also up today in the Rayno DX Portfolio are :

    Alere (ALR $28.6) up 1.9% and a one year high.

    Sequenom (SQNM $4.68) up 3.66%

    Thermo Fisher (TMO $90.76) up 1.4% at an all time high

    We will be attending the AACC (American Association of Clinical Chemistry) Meeting in Houston next week and will provide an update on many of our focus stocks.

    Disclosure: I am long ALR, ILMN, RGDX.

    Stocks: ILMN, RGDX
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