I didn’t read through the whole transcript but just glancing at a few pages I took these direct quotes by the President, CEO of Quest Diagnostics from the Q4 2008 Earnings Call Transcript
“We are in a recession while the rate of our growth could temporarily slow as a result of external economic factors; we expect continued growth in revenues and earnings.”
“We are expanding into new markets and geographies to provide longer-term growth opportunities”
This is direct evidence that this sector is relatively insulated from the financial meltdown and current economic conditions. Business will and must go on regardless of a recession.
“We will grow earnings through top line growth combined with further improvements in operating efficiencies.”
Cryoport is happy to help Quest with their goal for improving operating efficiencies.
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