The last downgrade on this stock was last summer by Keybanc. At that time, IDXX was selling at $62. Now it is selling above $80. I find that to be an indication that the analysts don't have a good track record with this stock.
Why are you so interested in urging this stock downward?
1) They are short and desperate 2) They have sold and want to to see their judgment / timing proven correct.
In either case, it's easy to be wrong. This "priced for perfection" stuff, and the reactionary downgrades, ignore the reality that there are few investments with as much fundamental strength as IDXX. Unless we all stop caring for pets, drinking water, and eating meat, this company will do well, and probably better than most other investments in the coming months.
Well everyone has the right to make money (long or short or both ways) IDXX is not going out of business ... in fact it is a very good company (if no number tampering) BUT it is currently simply overvalued and should be more like 70 something and that includes a generous prime on the PE. I am honest and give straight facts even if the do not support the stock price ... Thassico
Wrong ! Merill Lynch did Downgrade on April 04 to a SELL (citing high valuation) p.s.1: check on the link of my previous post ... p.s.2: I just sold (check post before financials) and also betting it will fall down in the low 70's Thassico