IDEXX LaboratoriesCorporate HistoryFrom its humble beginnings in 1984 with less than a dozen employees, IDEXX Corporation has grown into a multinational company with more than 3,000 employees worldwide. Headquartered in Westbrook, Maine, this biotechnology company generated total revenues of more than $600 million in 2005, an increase of 16 percent over fiscal 2004. IDEXX produces equipment and software for veterinary practices, including diagnostic machines and in-house testing kits. Equipment developed by IDEXX allows veterinarians to obtain immediate results from diagnostic tests that were previously sent to off-site laboratories. “In addition to the veterinary market, IDEXX also holds a leading position in diagnostic testing for poultry, cattle and swine producers and in water and milk quality and safety testing” (Harkavy, per 8). Currently, the company operates under three divisions; pet group (veterinary services), water and food diagnosis. Their 2007 sales forecast is expected to be between $700 million and $710 million (IDEXX, 1).FinancesIDEXX Laboratories is currently trading at 82.27. The 52-week high/low is the highest and lowest price the stock has traded in the last twelve months. Investors consider the highest and lowest indicator to be a very important factor. A stock trading at a low could signal a bargain after falling from its high. Investors will of course do further analysis to view other indicators, but the high/low indicator can still serve as a signal warranting further investigation. IDEXX Laboratories has a 52-week high of 86.74 and a 52-week low of 52.94. Outstanding shares are all shares currently owned by investors, including restricted shares held by internal organizations as...... middle of paper ...... given its financial growth model , the prospects of this organization are strong and prosperous. Achieving 2006 goals of $700 million to $710 million in revenue is a key factor in this analysis. IDEXX should continue to set goals that result in increased annual revenue and profits.ReferencesHarkavy, Jerry (January 19, 2006) $100 million expansion to create up to 500 jobs.Boston.com News. Retrieved April 16, 2006 from: http://www.boston.com/news/local/maine/articles/2006/01/19/100_million_expansion_to_create_up_to_500_jobs/IDEXX.com. (2006). IDEXX Laboratories announces its fourth quarter results. Retrieved April 16, 2006 from http://www.idexx.com/aboutidexx/pressroom/releases/20054qrter.jspNasdaq.com (2006) IDEXX Quote Summary. Retrieved April 15, 2006 from http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=IDXX%60&selected=IDXX%60