Geez, I've been watching the ticker today on ONVO and seeing some of the biggest purchases in weeks.. (50,000 @ $4.03 & 60,000 @ $4.15, etc.).
This is a difficult company to value obviously, but if 3-D Systems is $2.5 billion, then I'm assuming one day printing organs could be at least 5-10 times that value. Since that possibility is years away, you cannot justify a value even close to that for Organovo.
However, as traders can see, that speculation is creating value north of $150-200 million for this company even though we're looking at 3-4+ year window before that could happen. I wouldn't be surprised if this is a 10-bagger of the next 3-4 years as that technology becomes a reality.
In the meantime, at least the company is able to sell tissue samples to its partners (Pfizer, etc) to hopefully bring in enough dough to continue to fund operations. I do not see dilution like some people are mentioning on this forum.
My price target: $5.25 within 30 days. $8.00 by Dec 2013. As 2014 and 2015 draw near, the speculative value of this company will approach $1.0 billion as the market is just too large to ignore, especially for a company who has 10 working printers and a nice head start over any competition.
If they will be able to actually print organs, this will be the first company with a trillion $ market value. Problem is that it will take 20 years from now, if at all. Meanwhile, we can profit from the dream!
A new high will be hit soon when ONVO goes nasdaq, just because there will be more buyers. The sky is the limit when they can make human parts that extend or improve lives. While the stock is cheap, there is no sense not owning some for that day to become a reality.
In these rapidly changing times, things move very quickly.....Organovo......what if they print a patients retina and a blind man regains sight.....or an eardrum and the deaf man hears once again. Very small pieces of printed material with huge impacts. Look at what the smart phones are doing to computers in just a few years time. Every hospital will have a printer next to the operating room.....wait...and not too long......and watch.
Moores Law+ double of processing power every year, who on this board remembers 3 tv stations? The youngins on this board have no idea how fast technology has changed in our lifetime. Printed organs? I believe it. Will ONVO be the one who profits from it? Don't know but damm if this isn't worth speculating. Im 5k @ $3, now is when fear and greed start fighting....
I work in ORs all over the country and computers are in EVERY ROOM! I can certainly appreciate a printer in every OR. Remove the defective part, get exact dimentions and make a new one to exact specifications. Perfect with no anti rejection drugs.