Alere Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Alere (NYSE: ALR  ) rallied more than 15% in early trading as investors applauded the company's better-than-expected third-quarter results.

So what: Revenue rose 8.7% to $585.8 million as adjusted profits rose 13.5% to $0.67 a share. Analysts had been expecting $584.6 million and $0.59, respectively, according to data compiled by Yahoo! Finance.

Now what: But what surprised Wall Street was likely business as usual for value investing master Seth Klarman. His Baupost Group counts Alere as a top 10 holding. Do you believe he's still invested at current prices? Would you buy shares of Alere now? Please weigh in using the comments box below.

Interested in more information about Alere? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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