Cody Willard bailing on DDD today. New Marketwatch Article.
Red flag = not worth hanging on. Lock in gains and wait for dust to settle or find another place to invest in 3d printing future. Risky times unless company adequately defends itself and proves claims wrong. Time will tell who is right.
By Cody Willard, MarketWatch
Today, I started smelling smoke again, after reading a lengthy, detailed expose on why 3D Systems’ /quotes/zigman/5280737/quotes/nls/ddd DDD -8.33% fantastic growth may not be so fantastic after all. That in fact, there may not even be real growth in DDD’s core business once adjustments are made for a multitude of acquisitions made over the past few years. And despite the stock’s tumble on that news today, we’re still up about 25% from our purchase price of around $34 per share. I don’t play with real fire and I certainly don’t mess around with questionable accounting, because it burns too. I’m selling DDD on Tuesday.