Brisbane-based ALS is major global testing company with 19,000 staff.
The bull case involves life-sciences work growing despite some recent problems.
The bear case involves concerns that a dip in mining work turns sharp.
The advertisement for businesses looking to test beauty-care products is catchy: young adults leaping into a pool under the banner “risk takers need not apply”.
The testing is among services offered by ALS, a $5.6 billion laboratory services giant. There’s everything from shelf-life analysis to potential skin-irritation checks (the division says it has “never performed any type of animal testing”).
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
