I listened to the Nano Dimensions Conference Call today. It was a bit contentious. Many investors tried to force the CEO into declaring a Stock Buy Back. He didn't budge. You can read the transcript or listen to the audio here - https://seekingalpha.com/article/4538423-nano-dimension-ltd-nndm-q2-2022-earnings-call-transcript#comments
A number investors in the StockTwits channel were bashing the CEO for his actions. Here is my rebuttal.
$NNDM I think Yoav has a plan. Think about a year ago when he would not over pay for acquisitions. Considering the pullback in valuations, he was right. Also, he is right about being in a sector (additive manufacturing) that is getting pulled down. I think if he did a stock buy back right now, the price would pump momentarily and then descend back in line with its peers.
He said that the board will evaluate the share buy back over the next 12 months. When and how much they buyback will not happen all at once, it will happen over many price points.
I think the most important thing is to get broader analyst coverage and institutional buying.
Yoav's goal is not to make the stock go from $2.80 to $5.00 in the short term. His goal is to build a 100 Billion company or greater which sells products to a large addressable market.
If he is able to do that, the stock price will follow, and patient investors will be rewarded. This may take 2 - 5 years.... I'm just saying.
If you found this article helpful, please consider subscribing to my blog for related content.
Thanks,
Mike - mikepairmoney.com
Comments