Is Exact Sciences Stock a Buy?
This month, Exact Sciences (NASDAQ: EXAS) finalized its purchase of Genomic Health, creating a formidable player in the realm of cancer diagnostics. Exact shelled out approximately $1.06 billion in cash and issued roughly 17.4 million shares to Genomic Health shareholders.
Currently valued at just over $12 billion, Exact's market cap looks cheap compared to this summer, when it exceeded $15 billion. And the recent valuation includes the newly issued shares from the acquisition. Before and right after the acquisition news at the end of July, Exact traded at around $117 per share. Buying today at a share price around $82 with the upside of the combined company seems like a steal.
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Source Fool.com
