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
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.
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