2024-07-12 04:07:57 ET
Summary
- Quest Diagnostics aims to create a healthier world through quality diagnostics testing services.
- A boom-and-bust cycle related to the pandemic has now ended, with the company relying on modest organic growth and dealmaking efforts.
- A recent acquisition of LifeLabs in Canada adds substantial revenues, as I look forward to learning about the profit contribution.
In May of last year, I believed there was a healthier diagnosis in the case of Quest Diagnostics ( DGX ) . The company has been trading range bound for quite a few years, having pleased investors in with substantial share buybacks from the windfall profits generated during the pandemic, as these windfall profits have fallen off a cliff for obvious reasons....
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Quest Diagnostics: On A Quest For Growth