PerkinElmer: Focusing, Appealing

Sep. 01, 2022 6:55 PM ETRevvity, Inc. (RVTY) StockRVTY11 Comments

Summary

  • PerkinElmer has sold a substantial business in recent times, in order to fully focus on life science and diagnostic activities.
  • The deal looks a bit cheap but is likely okay in the long run.
  • Valuations have come down, despite a resilient performance, creating a compelling risk-reward for the pro forma pure play.
  • Looking for more investing ideas like this one? Get them exclusively at Value In Corporate Events. Learn More »

Caring doctor listens to patient

SDI Productions/E+ via Getty Images

Towards the end of February, I concluded that there was a solid diagnosis for PerkinElmer (PKI) as it has seen a real boom following the pandemic. The company has seen strong "organic" performance, as I saw no reason to

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This article was written by

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of PKI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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