Wall Street News Alert's "stocks to watch" this morning are: Medex,
Inc. (PINKSHEETS: MDXX), Merck & Co., Inc. (NYSE: MRK), Genzyme
Corporation (NASDAQ: GENZ) and Baxter International Inc. (NYSE:
BAX).
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Yesterday after the markets closed, Medex, Inc. (PINKSHEETS:
MDXX) issued a press release announcing four strategic hires and
several facilities expansions intended to foster significant
revenue and earnings growth at the Company's Creative Rehab
Technology Services, Inc. and Bee Mobile, Inc. operations.
In related matters, Medex indicated that facility expansions are
in progress at Creative Rehab's headquarters in Chula Vista,
California and that Bee Mobile, in addition to the above referenced
Rancho Cucamonga relocation, has acquired an additional 5,000
square foot repair and warehouse facility in Fontana, California to
improve efficiency and output of its capacities.
Medex also indicated that Bee Mobile is currently finalizing
contractual arrangements with several dealers in the greater Las
Vegas area to provide services and repair.
"Growth in demand for products and service necessitate capital
investment for both plant infrastructure as well as key personnel.
We anticipate that this investment should yield a 30% revenue
growth for both companies combined with previously disclosed
corresponding cumulative net margin improvement," said Paul
Protzman, President of Medex, Inc. "We are encouraged by current
market response to these business lines."
The stock closed yesterday at around Twenty Four cents a
share.
Merck & Co., Inc. (NYSE: MRK) up 0.6% on 12.3 million shares
traded. Merck is a global healthcare leader working to help the
world be well. Merck is known as MSD outside the United States and
Canada. Through our prescription medicines, vaccines, biologic
therapies, and consumer care and animal health products, we work
with customers and operate in more than 140 countries to deliver
innovative health solutions.
Genzyme Corporation (NASDAQ: GENZ) up 0.7% on 3.2 million shares
traded. Genzyme is dedicated to making a major positive impact on
the lives of people with serious diseases. Since 1981, the company
has grown from a small start-up to a diversified enterprise with
more than 12,000 employees in locations spanning the globe and 2009
revenues of $4.5 billion. In 2010, Genzyme was named to the Fortune
500.
Baxter International Inc.'s (NYSE: BAX) up 1% on 5.9 million
shares traded. Baxter International Inc., through its subsidiaries,
develops, manufactures and markets products that save and sustain
the lives of people with hemophilia, immune disorders, infectious
diseases, kidney disease, trauma, and other chronic and acute
medical conditions. As a global, diversified healthcare company,
Baxter applies a unique combination of expertise in medical
devices, pharmaceuticals and biotechnology to create products that
advance patient care worldwide.
Market Commentary: About 2.5 million homes have been lost to
foreclosure since the recession started in December 2007, according
to RealtyTrac Inc.
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