Friday, April 25, 2008

LifeCell Surges on Buyout - Another One that Got Away




The inevitable happened today, and Lifecell (LIFC) was bought out today by Kinetic. The stock had already been on a run of late and capped off its path with a 17% gain on today's news to $50 per share. LifeCell is a top supplier of tissue based products for reconstructive and other medical uses and its financials combined with lack of viable competition have provided shareholders with a masterful return over the years. Unfortunately, although I posted and recommend on multiple occasions as far back as June of 2007, LIFC didn't make it in to the Everyday Finance portfolio. This was an old investment club favorite back at $7 per share. I hope some readers were turned on to the stock and got to participate.




1 comment:

Chelsey said...

If a wrinkle cream claims it can make your wrinkles vanish in 60 seconds, would you believe it? No doubt you'd want to, but is such a thing really possible? The makers of LifeCell skin cream say it is.
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