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I still think that the growth rates given for MTD are at least 50% too high. I can not fathom how a company such as this could sell enough scales, instruments, etc to warrant that kind of growth rate.

I don't know the industry, but it is possible that they are riding on the coattails of the biotech industry. More labs, more lab equipment. However, unless their equipment wears out or breaks down easily or needs regular recalibration by factory technicians then that type of growth may not continue. At some stage, somebody will just have to read their annual reports and find out!

Hamish Rose
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