3D Systems Earnings Smash Short Theory For Now
As mentioned prior, the 3D printing sector has appealing growth potential, but the valuations of the two main players have typically been at elevated levels. The stocks of 3D Systems (DDD) and Stratasys, Inc. (SSYS) were expensive in spite of the fast growth rates until the September swoon. Now 3D Systems can add a short attack to the equation.
The company is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike.
As written back on October 10th with the stock around $34, the sell-off provided a good entry point into the stock and the sector. A great Q3 earnings report helped counter the short theory and sent the stock surging to over $42 before the market closed for two days.
Read the full article at Seeking Alpha.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.
The company is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike.
As written back on October 10th with the stock around $34, the sell-off provided a good entry point into the stock and the sector. A great Q3 earnings report helped counter the short theory and sent the stock surging to over $42 before the market closed for two days.
Read the full article at Seeking Alpha.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.
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