Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific (TMO)

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Thermo Fisher Scientific Profile

Thermo Fisher Scientific (TMO.xnys) is an American research, engineering, and science company headquartered in Massachusetts, the United States. The company provides scientific instrumentation, reagents, consumables, and software services. Thermo Fisher was formed through the merger of Greek-American Thermo Electron and Fisher Scientific in 2006. A remarkable 46% of the company’s sales are in life sciences, 34% in industrial and environmental safety, and 20% in healthcare. Thermo Fisher Scientific is the world leader in serving science, with a $226.79B (USD) market cap, $17B (USD) revenues, and 80,000 employees in 50 countries. Thermo Fisher Scientific (TMO.xnys) is traded on the New York Stock Exchange (NYSE), and it is also a component of the Standard & Poor’s 100 (S&P-100) and the Standard & Poor’s 500 (S&P-500). The company has been recently accused of participating in China’s genetic surveillance program by selling its equipment to security services and police despite relevant bans. Most recently, Thermo Fisher Scientific launched the first product in the IsoFootprint initiative, which aims to permanently eliminate carbon dioxide emissions from the manufacturing and supply chain.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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