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Hedge Fund Trade of the Week: Alere

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week’s trade is longAlere, a leader in a whole range of medical diagnostic products.

According to its website, Alere is a company that “actively connects diagnostics and health management solutions giving medical professionals and consumers the tools they need to make more informed healthcare choices.”

Check out some of the company’s stats:

Alere (ALR)
Sector: Technology
Industry: Scientific and Technical
Based in: Waltham, MA
Market Cap: $3.2 billion
52-week high: $40.93
52-week low: $25.36

Anthony Scaramucci likes this stock as a sum of the parts classic value name. He says if you were to break up the pieces it should be valued around $50/share

And it may not only be Scaramucci that sees value here. It’s also owned by two great value hedge funds, Baupost Group and Adage Capital.

Also Scaramucci thinks there’s an outside chance that the company could get a big premium as a takeout target.

To support his argument, Scaramucci points to rival Beckman Coulter, which inked a deal with Danaher at a 45% premium.

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



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Trader disclosure: On Feb 25, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (GE); Seymour owns (GM); Seymour owns (PBR); Seymour's firm owns (TTM); Seymour's firm is short (SU); Karabell owns (AAPL); Karabell owns (C); Karabell owns (FCX); Karabell owns (GE); Karabell owns (GOOG); Karabell owns (FXI); Karabell owns (RIMM); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's firm is short (XRT); Finerman's firm is short (IJR); Finerman's Firm Is Long S&P Puts; Finerman's Firm Is Long Russell 2000 Puts; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman Owns (BAC); Finerman's Firm Owns (BBY); Finerman's Firm And Finerman Own (BP); Finerman owns (C); Finerman Owns (GOOG); Finerman's Firm And Finerman Own (HPQ); Finerman's Firm Owns (IBM); Finerman's Firm Owns (JPM), (JPM) Leap; Finerman Owns (JPM); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (WMT)

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