PKI, TMO, and WAT compete to some degree; however, PKI derives about half of its sales from non-healthcare businesses. PKI is a probably stronger beneficiary of The Global Demographic Tailwind than the other two companies, IMO. Moreover, with an enterprise value about half of WAT’s and one-seventh of TMO’s, PKI has considerably more buyout vig than the others.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”