Alere Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Alere (NYS: ALR) rallied more than 15% in early trading as investors applauded the company's better-than-expected third-quarter results.

So what: Revenue rose 8.7% to $585.8 million as adjusted profits rose 13.5% to $0.67 a share. Analysts had been expecting $584.6 million and $0.59, respectively, according to data compiled by Yahoo! Finance.

Now what: But what surprised Wall Street was likely business as usual for value investing master Seth Klarman. His Baupost Group counts Alere as a top 10 holding. Do you believe he's still invested at current prices? Would you buy shares of Alere now? Please weigh in using the comments box below.

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At the time thisarticle was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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