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In effect, SGP is marketing its market development, distribution, and short accounts receivable time to small research organizations, thereby allowing each company to perform where they do well.

When I was in public accounting, Schering was one of my clients, so I know that there management is top notch, too. I am also aware of the large number of licensing and R&D type agreements that they have. The only thing is that many of the organizations that they are funding do not have a track record.

It becomes kind of like investing in development stage biotechs (where it can be hit or miss). Of course, the quality of SGP's management makes me think that they'll hit more than they'll miss.

Of the other companies I considered for inclusion in my finalists, this is the one that I could most easily be convinced to choose as a replacement for one of my other selections.

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