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Wow. I didn't see this one coming.

Sybron Dental (SYD) is a great company. As the name suggests, they make products for the dental profession. I always knew this was a profitable sector, but the stock I prefered to track was Patterson (PDCO). Of course, if Patterson could make dental supplies and pet supplies, I supposed Danaher, a tool company, can buy a dental supplier.

Here are Sybron's sales and EPS for the past few years.

Year..........Sales.............EPS
2000.........$418.8..........$0.87
2001.........$439.5..........$1.07
2002.........$456.7..........$0.90
2003.........$526.4..........$1.46
2004.........$574.0..........$1.54
2005.........$649.7..........$1.85

Danaher (DHR) is paying $47 a share, which is a 12% premium. It's also about 26 times this year's estimate of $1.82 a share.

Danaher also said that first-quarter earnings will be slightly above the high-end of its forecast of 61 to 64 cents a share. The company said that sales for the first quarter were $2.14 billion, which was above the Street's estimate of $2.08 billion.

Shares of DHR are up this morning to a new 52-week high. I love it when a plan comes together.

Posted by edelfenbein at April 12, 2006 9:46 AM