Warburg Pincus Takes 5%+ Stake in WuXi PharmaTech (WX)

One thing we want to look for today are pieces of green in a sea of red; aside from gold there is very little. One name poking it's head above water is WuXi PharmaTech (WX) - which is a name I've been mentioning as showing some good relative strength of late. Before that the stock was in complete free fall as it appears word of some early investors (of scale) were looking to cash out. News out yesterday after the bell that Warburg Pincus is taking a big portion of this offload is helping to support the stock. I don't know what their intent is with the 5.4% stake (keep for a long time or flip it out soon) but it's putting a nice floor on the name today. It "sounds" like Warburg Pincus is taking a longer term stake from the comments below but we just never know. It is a nice strike of confidence in what I believe is a very ignored stock.

• WuXi PharmaTech (NYSE: WX