There’s Big Money Being Made in Scientific Instruments: BRKR, AFFX, GRMN, IO
It’s not a glamorous industry, but it sure does spark the imagination and produce share value.
Here are four Small Cap companies that make and sell scientific instruments and are producing big profits for shareholders:
Take a look at Bruker Corporation (NASDAQ:BRKR) which was trading in the $15 range at the beginning of November and is currently trading in the $19.75 range, a gain of 31.66% in six months on a strong, classic, textbook run up. BRKR hit $21 several times this month. Bruker Corporation operates through two segments: Scientific Instruments, and Energy & Supercon Technologies.
And take a look at Affymetrix Inc (NASDAQ:AFFX) which was trading in the $4.40 range and is currently trading in the $5.47 range, a gain of 24.31% in six months on a strong run up. AFFX was pushing for $6 earlier this month. Affymetrix Inc makes, sells, and services systems for genetic analysis in the life sciences and clinical healthcare markets.
Then there’s Garmin Ltd (NASDAQ:GRMN) which was trading below $29 in mid November and is currently trading in the $34.39 range, a gain of 18.58% in a little less than six months on a strong, steady run up. GRMN topped $35 in early March and pays a 4.38% dividend. Garmin Ltd makes and sells global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide.
Finally take a look at Ion Geophysical Corporation (NYSE:IO) which was trading in the $5 range at the beginning of November and is currently trading in the $12.59 range, a gain of 151% in six months on a strong, classic, textbook run up. IO nearly hit $14 earlier this month before a little profit taking set in. Ion Geophysical Corporation operates in four segments: Land Imaging Systems, Marine Imaging Systems, Data Management Solutions, and ION Solutions.
I think the BRKR has so much strength and support that its run up will continue in the near term and the stock will head for the $25 level.
I like the current entry level price of AFFX and think the stock will take the $6 level in the near term and head towards $7 - $7.50.
The GRMN run up will continue, I believe, and the stock will take and hold the $35 level in the near term before heading for $38.
I believe the IO run will continue in the near term and the stock will easily return to the $14 level before making a run at $16.
