Oxford Instruments (LSE:OXIG, Financial) is the leader in tools and technologies that facilitate nanotechnology scientific research. The long-term potential for nanotechnology is significant given finite available global resources and the need to do more with less. The industry is still in the early phases where most of the research is done at universities and research facilities that rely on public funding. While Oxford Instruments has been increasing its exposure to commercial end markets, research still drives over 40% of the company’s revenues. As a result, Oxford Instrument’s stock has had less visibility, and more volatility due to recent public funding cuts. As the market leader in the space, we believe Oxford Instruments will be a primary beneficiary of the long-term trend toward nanotechnology.
From Wasatch International Growth (Trades, Portfolio) Fund's first quarter 2014 commentary.
