Why This Under-the-Radar Growth Stock Will Be the Top Dog in 2021
When it comes to pet healthcare, Idexx Laboratories (NASDAQ: IDXX) is arguably the best in show. As a leading veterinary diagnostics firm, Idexx provides instruments (testing equipment) and consumables (diagnostic tests) that veterinarians need to run their practices and easily perform diagnostic tests. Essentially, Idexx Labs offers an all-in-one suite of products that handle everything from workflow management to blood and chemistry analyzers, even offering outside reference labs for smaller practices that wish to get accurate and timely results in two days or less.
2020 was a challenging year for most companies, but Idexx proved that it was an animal of a different breed. While the company took a hit earlier in the year, it managed to stabilize its revenue and even grow toward the back end of the year. Based on strong fundamental industry trends and tailwinds, there is a good chance that 2021 could be even better.
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Source Fool.com
