Of course their earnings are up 18%. All they do is pump the top line over and over and over again with acquisitions. That and book goodwill.
What needs to be done is that DHR needs to settle down, cool it with the Texas Chainsaw Massacre-like turnover, and try and horde some cash.
Think about it this way. DHR has no cash. Goodwill is half of their assets. Now their stock isn't performing well in the short term (which is how all the DHR wonks think anyway).
Between the s#itty stock performance and the pathetic dividend, why own this stock? I sold mine a while ago and kept the profits. I changed my overall investing strategy to only have companies that pay out healthy dividends and show real stock price growth. This shows that they have the cash flow to give out to the shareholders and that they are secure in future cash flows as well.
Danaher doesn't have the cash. They pi$$ it all away buying companies and paying out severance packages.
Their dental area is a disaster too. Between what I know about dental and what I've read about Radiometer I wouldn't touch DHR with a 10 foot pole.