Can someone explain why BIO-RAD is still dead on the ground? This company is the only loss in my portfolio and a stain since covid era. I bought $BIO stocks from around 600, the reason behind was that their earnings was quite high and their price seemed undervalued even at the peak of covid. I refused to sell at 800 as i expected more but then it just fell and is dead on the ground for some time.
These guys produce lab equipments worldwide and demand for their equipment is still same as they had nothing to do with covid. I live in turkey and even the hospitals here use their kits for testing.
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