Proud to Own Series
Each week, we highlight a core portfolio holding within our Faith-Based 100 Index, and show why it is a part of our “Proud to Own” universe.
As a reminder, for the company to be included in our “proud to own” universe, it must meet three criteria:
1. It must not violate your faith and values. Some of the types of companies we can avoid include those involved in the abortion industry, those producing explicit entertainment and pornography, those conducting embryonic stem cell and fetal tissue research, companies funding and lobbying for homosexuality, those involved in vices like alcohol, tobacco and gambling and companies that are abusing the environment.
2. It should be a company that complements your faith and values. This involves finding companies: Helping the poor and defenseless; Protecting the sanctity of human life; Producing morally sound entertainment; Finding cures for life threatening diseases; and Improving the society we live in…
3. It should be a company with strong profit potential. This involves finding companies in solid financial condition that have strong profit potential and/or provide strong cash flows via dividends. We use a five-point inspection to evaluate each investment we are considering. We analyze a company’s earnings potential, price momentum, risk, financial health, and its current valuation. Our goal is to find quality companies that stay true to your values AND are profitable! This is not an either /or scenario but rather a winning combination.
This Week’s Highlighted Company
Each day this company’s 6,000+ employees serve customers in more than 175 countries. It develops, manufactures, and sells innovative products to keep animals healthy and milk and water safe. As a world leader it provides diagnostic, detection, and information products to the animal health industry as well as quality assurance products and services to the food and water industries. The company I am referring to is IDEXX Laboratories, Inc. (NASDAQ: IDXX).
The bulk of IDEXX’s revenue (more than 80%) from its small animal health division. This division provides diagnostic products and services to veterinary practices. Using its state-of-the-art pet-side tests and bench-top laboratory systems, veterinarians obtain valuable diagnostic information in real time, during the patient visit. Enhancing the health and well-being of pets positively contributes to the quality of life of those who enjoy their companionship and derive emotional and physical benefits from their animals.
Helping Veterinary Customers
IDEXX’s world-class 24/7 reference laboratory diagnostic and consulting services, and the total-practice integration and complete reporting provided by its advanced digital radiography and practice management systems, help veterinary customers achieve greater efficiency, increased productivity and economic success.
IDEXX Water is the global leader in water microbiology, providing tests that ensure the safety of drinking water and other water supplies for an estimated two billion people in more than 100 countries around the world. This critical process keeps billions of people alive and free from waterbourne illness and disease.
Providing Animal Health and Food Safety
IDEXX’s Livestock and Poultry Diagnostics business provides diagnostic tests and software monitoring systems that help customers manage herd and flock health and productivity, enhancing food safety around the globe. IDEXX Dairy offers a range of tests that detect antibiotic residues and other contaminants in milk, benefiting an estimated one billion people, many of whom rely on this staple for protein and other nutrients.
IDEXX BioResearch offers a comprehensive menu of biological materials testing, laboratory animal diagnostic services and research analyzers to streamline research and generate reliable and reproducible data. Its OPTI™ Medical Systems provides blood gas and electrolyte analyzers and reagents to both its companion animal business and the human healthcare market.
Because IDEXX Labs (NASDAQ: IDXX) is making a positive difference all around the globe, it is surely a company we can be “proud to own”.