ALS taking no risks, but market on the fence
Liam WalshReporter
Key Points
- 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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