Step 4: Industry Analysis
Understanding your candidate's industry prospects and its competitive position is an important part of the growth stock analysis process.
The Industry
According to Multex's Business Description, Impath provided patient-specific diagnostic and treatment information to physicians treating cancer. Pathology departments of small- to medium-sized community hospitals, where most cancer is diagnosed, were its primary customers. Multex's description, which is pulled from the company's own SEC filings, also noted that these smaller hospitals generally are not equipped to perform their own sophisticated cancer analysis.
Industry Growth
MSN Money's Earnings Growth Rate report noted that Impath was part of the Medical-Outpatient/Homecare ...
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