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Bio-Techne Corporation: Long-Term Quality, But At A Price

May 18, 2023 6:42 PM ETBio-Techne Corporation (TECH) Stock

Summary

  • Bio-Techne Corporation has been a long term value creator, combining organic growth with sound M&A deals.
  • This has resulted in long-term value creation, as Bio-Techne Corporation shares have looked pricey for a long time.
  • Even at 50 times earnings, multiples have come down a lot, but with growth recently being a bit underwhelming, I am still not engaging here with Bio-Techne Corporation.
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In April 2021, I concluded that shares of Bio-Techne Corporation (NASDAQ:TECH) looked a bit rich as investors were pricing in the qualities of this stealth M&A play. The company delivered on steady growth for investors

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

As the leader of the investing group Value In Corporate Events they provide members with opportunities to capitalize on IPOs, mergers & acquisitions, earnings reports and changes in corporate capital allocation. Coverage includes 10 major events a month with an eye towards finding the best opportunities. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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