Many research facilities are feeling the sequester budget cuts, with the largest
sequester cuts to hit beginning this summer (starting NOW). Not good for the likes of Waters.
It is going to get worse as more and more tea party folks get elected.
The next round of talks in Congress will determine the future of WAT from USA revenue potential.
I guess outside USA sales could rise as other countries begin to ramp up basic research as USA winds down.
With 75 percent of NIH on the bench and a significant source of funds for research nationwide coming from the shut down government, how can this company come in with a good report next quarter ?
Sequestor round 2 coming by the end of September along with the extension of the budget level due to procrastination on the part of Congress.
Top Bottom PercentChange
71.71 62.15 0.13331474
84.37 78.99 0.063766742
98.55 71.61 0.273363775
92.96 75.26 0.190404475
Average of last 4 drops in percentage: 0.165212433 (16.52%)
Result is about $88.49 based on average drop.