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What: Shares of genetic analysis company Illumina
So what: A report out of StreetInsider.com spurred the speculation that a larger company in the medical equipment field, like General Electric
Now what: Part of what's driving the chatter is Illumina's beaten-down stock price, which is trading just above 52-week lows. But if the stock price is indicating a truly beaten-up business that is in trouble for the long term, why would someone want to pay a premium to buy the company? On the flip side, if there is indeed a tremendous opportunity for Illumina further out, I don't think the company would be interested in selling at this point. Either way, I'm not buying into the rumors today.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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