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FLGT - Fulgent's Epic Ramp In Testing Is One For The Ages
Fulgent Genetics Inc.
We always very much liked Fulgent Genetics (FLGT). For the old portfolio we bought it at $9.87 in November last year. We particularly liked the fact that competitors outsource some of their testing to Fulgent, a tell-tale sign that they're doing something right. The CEO Ming Hsoeh is something of a business genius.
In June, we thought that Fulgent's existing business would be dented considerably by the pandemic, but they would make up some of that with their newly introduced COVID-19 tests. That was the picture we were getting from the Q1CC.