Because they are doing a secondary. The news today is very big news and its being used to float a secondary. But the money they get from the secondary will expand the biz so it's not a negative. Once the secondary is done and the funds load up, the stock should take off.
Anybody can write an article for SeekingAlpha. They are not an investment firm. So far, we've had 2 longs and 2 shorts writing articles. That's why the stock is so volatile. But don't worry. 3D Systems (DDD) was very volatile itself in the early days.
Think outside the box. The Greenjet is the first in a line of printers. Next step phenolic layers combined with multi-layer solder masks and vias. For the time being, you can get phenolic blanks, print the solder masks on each side, drill holes for vias, and voila, you have your circuit board.
Wouldn't go that far. However, I will say the volatility is very much like 3D Systems. I remember the stock hitting the high 50's, splitting 2:1 (to $25), then plummeting down to $12 in November that year. Was a wild right. Only when it hit $12 did it rebound. Institutions bought in big time and stabilized the price.
Don't think CAMT will ever become a 3D Systems. However, I do believe their Greenjet line will gain traction and some major player will step in and buy them out, as happens with so many of these Israeli companies. This will probably occur within the next 2 years. Remember there are two trends at work: 1) embedded systems finding their way in practically every consumer product and 2) customization to meet the individual consumer's needs. The Greenjet printer will play to these themes.
Ok, let's say the printer is only $30k. You think only the PC card shops will buy them. What will happen is companies like my own (a Fortune 50 company) will buy them instead of shipping our orders off to the PC card shops. The reason is simple. It has to do with turnaround time. We have 2 Stratasys $30,000 printers at my site alone. These are used for printing casings for our mobile computers. What we have to wait on is circuit boards. And since the circuit design changes more often than the casing, it's imperative that we get immediate turnaround. We'll order one of these printers pronto. And so will every other company like ours that is doing circuit design. At $30k a pop, they will sell like hotcakes.
Excuse me, got the parent company name mixed up with the company they bought the Greenjet technology from. Both begin with "P", hence the confusion. My point still stands. No filings from the parent company thus far. If they were selling out, you'd see an SEC filing soon thereafter.
The reason to buy has nothing to do with the past. They are doing a paradigm shift. That's what the buzz is all about. The technology is promising.
And you are not self serving? The author was speculating. I am an EE, having designed PCB's myself, and I can tell you there is a need for such a printer. It would be more useful if it could print multi-layer, and in that sense it would be true 3D. I imagine the Greenjet is the first in a long line of these printers and that multi-layer is on the drawing board.
I'm long this stock but this is unlikely. The Greenjet printer is still in the testing phase. Apple contracts with FoxConn which is set up to do high volume production already.
Let me explain what I mean by same model. It's the ink where the money is. Printers in the $300k range, but uses quite a bit of ink. The ink has to be quailified. Only 11M in the float.
See the Seeking Alpha article for CAMT. Expecting a 10 bagger based on a unique printer (so called 3D) which will print solder masks on circuit boards. Up 18% today. Just beginning its run. $20M cash in the bank, less than $1M debt. Cash flow positive.
This is the same model BSDM is counting on. Only in the printed circuit board arena. I think CAMT has a shot to turn upward very quickly. Internal testing on the printer will be complete this month. Customer testing early next year with shipments later in the year. The printer has been in development for 6 years.
you are a fool to short. The company was already cash flow positive with $21M in the bank and less than $1M debt. The semi biz was already on the upswing. Their other LOB's are solid. This is not a stock that should be shorted at this point. It hasn't event hit the second wave technically.
I work about 20 minutes from 3D Systems in Rock Hill, SC. I actually tried to get a job with them when they moved their operations from California to South Carolina, but they didn't quite have their HR operation up and running at the time.
They invented 3D printing and spent 30 years perfecting it. Hats off to them. I will say that 3D printing is hyped far more than its capacity to deliver. Our company has 2 $30,000 Stratasys printers and we've found it takes quite a while to print something simple (overnight to print a mobile computer cradle) and the quality and durability are not as good as injection mold. It's great for prototyping, however.
In my opinion, there needs to be a revolution in 3D printing. We are at the dot matrix stage. Yes, it works, but it's slow and lacking in quality. Instead of printing line by line, layer by layer, we need to print an entire layer all at once. Someone using Kickstarter to raise funds had a clever idea: he was using the light source from a DLP project to illuminate a photosensitive (liquid) bath, from which he could extrude a solid layer. This is what I mean. He is printing an entire layer at a time.
As far as Camtek goes, if you read between the lines, you'll see the Greenjet solder mask printer is the first in a line of 3D printers. You have to believe they are working on a printer that will print multilayer PCB's. If they can pull that off, then their business will soar. That's one piece of equipment we are missing in our prototyping operation.
The company itself claims their Greenjet printer is a 3D printer. It's 2D but that's not to say in the future the printer will print a board layer by layer. Superman does tend to pump but in this case, he had a legitimate basis for it based on what the company claims. Hyped, yes, but the company also has potential and appears to be undervalued and in the midst of a turnaround.
They have $20M in the bank, only $700k debt, and were $3M cash flow positive last Q. Expect increasing revs due to an improving semiconductor climate. I don't see the need, but the stock has been experiencing some relentless selling. Maybe Printar shareholders selling? Should see an SEC filing if that's the case. I will say the stock action looks constructive this morning. May have broken the fever.
No, but they did claim internal testing will be done in December, and field testing at a customer location in 2014, and if all goes well, shipments in 2014.
Israeli companies are not scams. Apple just bought one (the 3-D technology in the Kinect). Remember Checkpoint security? That Israeli stock went up 60x in the late 1990's.
guys, it's not the end of the world. This is not a company on the verge of bankruptcy. It is a company that is about to release a new line of products based on Greenjet technology. Cash flow was positive last quarter. It'll come back. I bought at 4.54, sold at 6.25 in pre-market the next day. Then bought some at an average of 4.48 yesterday and today. I looking for news next month after final test, then more in early 2014 as their customer installation and field trial gets underway. This stock is on the verge of exploding into higher territory.