Anthony Scaramucci's Hedge Fund Trade Of The Week: Alere Inc (ALR)

Anthony Scaramucci said on the show that this week's hedge fund trade of the week is Alere Inc

. Anthony Scaramucci explained that Alere Inc (

) has a book value of $43 per share, and the stock closed the regular session on Friday at $38.08, with an increase in price of 2.86%. In the after hours, it jumped 2.52% to $39.04. He added that this company is a leader in medical diagnostic products, and it is owned by Baupost Group and Adage Capital. Mr Scaramucci believes that Alere Inc (

) should be valued at $54 per share.