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Pet Stock #1 – MWI Veterinary Supply (MWIV)
Despite a low-spending environment, one facet that continues to see income is the health sector, and animals are no exception. MWI Veterinary
Supply (MWIV) distributes pharmaceuticals, vaccines, diagnostics, supplies and nutritional products
to veterinarians.MWIV increased profits in the last two quarters by a margin that exceeded both industry and the company’s own estimates. A 19% growth in revenue
helped. This was thanks to new customer growth resulting from the company’s acquisition of substantially all of the assets of AAHA MARKETLink.The future is bright for this animal medical distributor. Net income rose in the third quarter to $6.62 million or 54 cents per share, from $5.42
million or 44 cents per share in the previous year. And in April, MWIV signed a contract with Royer Animal Health to be Royer’s exclusive U.S. distributor,
marketing the company’s next-generation therapeutics to treat cancer and infections giving vets a localized treatment option for serious wounds.I rate MWIV a B, or buy.
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