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.
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