"We project 24% compound annual revenue growth from 2009 to 2014, with revenue exceeding $2 billion. We think their core business will drive this growth. We predict that operating margins will hit 32% by 2014, as product mix shifts to higher-margin consumables and the company reduces its tax rate substantially by moving more manufacturing to Singapore."
As investors we interpret this sort of information as a positive. It tells us that the management team is growing their business and also recognizing the precarious nature of a hyper-competitive world. The decision to move manufacturing operations to Singapore tells us management is taking the necessary step to keep the onerous burden of tax costs down so the company can continue to fund research and development and offer better and more affordable products to customers. While we completely understand and appreciate the competitive dynamics in place, as loyal American citizens we are more outraged than ever that our anti-business domestic policy-makers think that prosperous job creating businesses operate in a vacumn.