Gooch & Housego (LON:GHH) - Diversification working
Jun 21st 2012 - Edison Investment Research today published a report on Gooch & Housego (GHH.L, LSE:GHH, LON:GHH) entitled "Diversification Working". In summary, the report says:
Performance during the challenging environment in Q112 showed that management’s strategy to reduce reliance on Q-switch sales is working, avoiding the sharp downturn experienced in H109. New products for the aerospace & defence and life sciences markets underpin longer-term growth. The valuation is in line with sector peers, with the potential for earnings upgrades should Q-switch demand return to the unusually high levels experienced during FY11 in future years.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
