tags:

• potential/long
• thesis/undervalued
• thesis/platform
• sector/biotech ...

https://scuttleblurb.substack.com/p/tmo-thermo-fisher

Seems cash-flow positive, but tiny div. yield. Has quite a lot of goodwill. Various high-grade diagnostic and DNA sequencing kit. Includes a lot of PCR machines. Includes some nifty clever manufacturing techniques for biologics.

No director has bought shares for 13 years. This is not encouraging.