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Zacks Bull and Bear of the Day Highlights: Smithfield Foods, Logitech International, Sanofi, Isis Pharmaceuticals and Aegerion Pharmaceuticals
Date:1/31/2013

otein and natural ingredients. Smithfield is also increasing its focus on consumer convenience by introducing more ready-to-heat/ready-to-eat foods.

Bear of the Day:

Founded in 1981, Logitech International (Nasdaq: LOGI) is a Swiss public company listed on the SIX Swiss Exchange and on the Nasdaq Global Select Market.

The company is a global leader in peripherals for personal computers and other digital platforms. Some of the company's popular products are computer mice (world's largest producer), keyboards and speakers. Other products include trackballs, interactive gaming controllers, multimedia speakers, headsets, web cameras and lap desks. The company operates through two major business segments: peripherals (86% of 2012 total revenue) and video conferencing.

LOGI released its results for the third quarter of its fiscal 2013 on January 24, 2013. Sales for the quarter were down 14% year-over-year. Net loss for quarter was $195 million ($1.24 per share) compared with net income of $55 million ($0.32 per share) in prior-year quarter. Gross margin for the quarter was 34.2%, down from 36.2% in the same quarter one year ago.

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FDA Nod for Isis/Sanofi's Kynamro

The US Food and Drug Administration (FDA) recently approved Kynamro (mipomersen sodium) injection developed by Genzyme, a Sanofi (NYSE: SNY) and Isis Pharmaceuticals Inc. (Nasdaq: ISIS). Kynamro is approved for cholesterol management in patients suffering from homozygous familial hypercholesterolemia (HoFH).

The FDA's decision did not come as a surprise. In Oct 2012, the US regulatory body's Endocrinolog
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SOURCE Zacks Investment Research, Inc.
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