Stocks to Buy #7: ILMN

Gene reading. Want to breed cattle for a specific gene or gene matrix? They offer the tools to check.
Want to check for a genetic disorder? Same thing.

This is the second of two risky stock picks.

The key here is that ILMN has the right technology for fast gene reading (called gene typing and throughput)

Why do I like this? Well, besides the surging revenue, margins and earnings?
1. Recession proof
2. Right technology for a massive and surging market
3. Biotechs will get in favor as the economy falters

What are the risks?
Recent downgrade because of pricing.
High P/E of 253. However, its competitors don't even have a P/E: they are still losing money. ILMN is growing fast enough to see rapid price increase.

There is a lawsuit by one of its competitors but that lawsuit looks to be getting eroded. Think settlement.