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Enzon Pharmaceuticals Inc. Message Board

chimakot 34 posts  |  Last Activity: Dec 16, 2014 8:16 PM Member since: Apr 14, 2004
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  • Stifel analyst Patrick Newton reiterated his Buy rating and $50 price target on 3D Systems (NYSE: DDD) after the company announced several new printers, material options, and other products to be showcased at next week’s EuroMold 2014 show in Frankfurt, Germany.

    "We have been anticipating 3D Systems would be announcing new printers and products headed into EuroMold as the tradeshow represents one of the world’s largest shows for mold making, tooling design, and application development," Newton comments. "Additionally, 3D Systems had previously announced during its September quarter earnings call that it would be showcasing new products at the tradeshow."

    He added, "Today’s new product announcements serve to reinforce our view 3D Systems has assembled, and is expanding, one of the most robust Additive Manufacturing printing portfolios in the industry, while cultivating the ecosystem through software, services, and scanning investments. We also view 3D Systems as a leader in the secularly growing Additive Manufacturing industry with meaningful company-specific growth opportunities."

    Sentiment: Strong Buy

  • chimakot chimakot Oct 29, 2014 2:09 PM Flag

    Newton added, "Despite our expectation of increasing competition, our analysis indicates the 3D Printing industry remains very underpenetrated with very large addressable markets, with our estimate total end-market penetration is approximately 6% relative to a TAM opportunity of roughly $50 billion in the next decade +. We view the market as having significant growth opportunities, and room for new entrants, as the technology continues to be an enabler of multiple industries that should drive increased adoption in core markets, including industrial, medical, automotive, and aerospace."

    They are buyers on weakness in the group, telling clients specifically to accumulate shares of Stratasys (NASDAQ: SSYS) and 3D Systems (NYSE: DDD). "Although not attempting to overlook HP’s eventual entry into the market, the announcement comes well ahead of commercial development (14 months from general MJF availability – at a minimum – with HP already delaying its market entry multiple times) and is clearly supportive of the tremendous Additive Manufacturing market opportunity," he said.

    Sentiment: Strong Buy

  • Oppenheimer initiated coverage on 3D Systems (NYSE: DDD) with an Outperform rating and a price target of $57.00.

    Sentiment: Strong Buy

  • Stifel's 3D printing analyst Patrick Newton weighed on news H-P (NYSE: HPQ) officially entered the 3D market after originally discussing its plans to enter the Additive Manufacturing market more than a year ago.

    Newton said the specs of HP's printer, when compared to what out there, "appears impressive, with HP targeting the commercial Additive Manufacturing market with its initial printer release."

    The analyst highlights that the 3D Printer market generated $3.0 billion in revenue in 2013 with approximately $1.5 billion derived from Printers, with the remainder coming from services and material. They sees the printer market expanding at a 35% CAGR through 2020 to $7.2 billion with the overall Additive Manufacturing industry growing at a 28% CAGR to $16.5 billion.

    He concludes that "HP’s bullishness on, and forthcoming entry into, the 3D Printer industry should be viewed as a positive for the group as it is supportive of our view Additive Manufacturing has significant room for aggressive revenue growth."

    Sentiment: Strong Buy

  • Stifel analyst Patrick Newton cut his price target on 3D Systems (NYSE: DDD) price target of $50.00 (from $65.00) but is sticking with his Buy rating amid today's negative Q3 pre-announcement.

    Newton notes driver of the reduced outlook was driven by: (1) capacity constraints for direct metal printers as the company had issues ramping a second production line, and (2) delays in the availability of 3D Systems newest consumer products as management enhanced features.

    "Our analysis indicates the majority of the revenue shortfall stems from execution, and is transitory, with overall industry demand trends appearing healthy," he said. "Although lowering our 2014/15 estimates, reducing our target multiples, and taking our target price to $50 we are buyers of shares at current levels as execution issues appear temporary with the stock representing an attractive reward/risk at current levels."

    The firm is lowering 2014 revenue and non-GAAP EPS estimates from $719.3 million and $0.81 to $675.0 million and $0.76 respectively. They are lowering 2015 revenue and non-GAAP EPS estimates from $945.0 million and $1.20 to $885.0 million and $1.05 respectively

    Sentiment: Strong Buy

  • Stifel analyst Patrick Newton weighed in on 3D Systems (NYSE: DDD) after the company announced an agreement to purchase Cimatron Ltd. (NASDAQ: CIMT) for $8.97/share in cash, or a total consideration of $97 million inclusive of net cash.

    Newton commented, "Cimatron is a leading provider of CAD/CAM software solutions targeting mold, tool & die, and 2.5/5 axis milling makers and manufacturers with end market exposure to automotive, aerospace, medical, consumer plastics, and electronics markets across 40 countries. The transaction is expected to close in 1Q15 and is anticipated to be immediately accretive to GAAP and Non-GAAP earnings. We view this acquisition as a continuation of 3D Systems portfolio expansion strategy, augmenting its software and channel coverage reach. Our analysis indicates the acquisition is likely to help further accelerate adoption of 3D Printing into the tool and die industry with Cimatron’s CAD/CAM software having more than 40,000 installations worldwide."

    The firm reiterated a Buy rating and price target of $50 on DDD.

    Sentiment: Strong Buy

  • Reply to

    See Form 4 out in AH...Insider buying $DDD

    by stoxnbondz Dec 1, 2014 4:59 PM
    chimakot chimakot Dec 1, 2014 5:04 PM Flag

    3D Systems (NYSE: DDD) Director Walter Loewenbaum bought 5,000 shares on 11/28 at $35-21-$35.23.

    Sentiment: Strong Buy

  • chimakot chimakot Nov 17, 2014 3:29 PM Flag

    Spot on! The positive is that DDD has ramped up manufacturing capacity to maximize their sales
    potential/demand. Next year should mark a turning point for DDD.

  • Sorry, chelle, but I never liked this CEO.

  • Reply to

    RELAAAX!

    by melloman1175 Oct 22, 2014 1:42 PM
    chimakot chimakot Oct 22, 2014 2:29 PM Flag

    Well said. GL.

    Sentiment: Strong Buy

  • Reply to

    Earnings report / SSYS / Hitachi

    by dc8flyer1993 Oct 21, 2014 3:45 PM
    chimakot chimakot Oct 21, 2014 5:39 PM Flag

    Hitachi trades for $78 a share in the US and has 5.5B in cash. Deal would have to be for cash/stock, or else Hitachi would need to borrow on their line of credit. Your comment about the earnings report date is interesting in that DDD usually has the earning date press release out by now. GL.

    Sentiment: Strong Buy

  • Heavy debt, low on cash, and financing could be an issue. Anyone have any thoughts on whether or not this might happen?

  • Reply to

    Time for everyone to get a grip...

    by dc8flyer1993 Oct 22, 2014 10:20 AM
    chimakot chimakot Oct 22, 2014 10:45 AM Flag

    Unfortunately, I agree with you. I also think Avi is low balling guidance to ensure this situation does not not repeat itself. I believe over the next couple weeks many shorts will cover which will move the price higher.

    Sentiment: Strong Buy

  • Reply to

    I smell a buyout deal

    by bakhteria Oct 22, 2014 8:21 AM
    chimakot chimakot Oct 22, 2014 9:43 AM Flag

    I feel you could be right. I thought the $60 Hitachi buyout rumor sounded low, but now it makes sense. Clearly, if true, Hitachi had access to this information in formulating a buyout offer. DDD should have a strong 2015 and I'm sure this has been factored in. It makes sense to me. However without a buyout DDD will rebound next year. GL, longs.

  • Reply to

    Shortage of capacity to meet demand.

    by futurenow0 Oct 22, 2014 10:33 AM
    chimakot chimakot Oct 22, 2014 11:07 AM Flag

    2015 will mark the turnaround for DDD, as capacity/products meets growing demand. It's time to hold/add/buy, not sell. GL.

  • Reply to

    Earnings report / SSYS / Hitachi

    by dc8flyer1993 Oct 21, 2014 3:45 PM
    chimakot chimakot Oct 21, 2014 6:20 PM Flag

    Hitachi trades under HTHIY in the US. The rumor may indeed be ridiculous, but looking at their business model/manufacturing/medical it could make a good fit. GL.

    Sentiment: Strong Buy

  • chimakot chimakot Oct 22, 2014 9:22 AM Flag

    At this point I hope Avi sells the company. If true, I'll take the $60 a share from Hitachi. GL, longs.

  • Thursday - 11479
    Friday - 15000

    What does he know that we don't?

    Sentiment: Strong Buy

  • Reply to

    Buy-out?

    by yallres Oct 23, 2014 10:19 AM
    chimakot chimakot Oct 23, 2014 6:33 PM Flag

    Hitachi and HPQ both make sense as likely suitors for DDD. If it happens, I believe it will be before November 10th.

    Sentiment: Strong Buy

  • Reply to

    Earnings report / SSYS / Hitachi

    by dc8flyer1993 Oct 21, 2014 3:45 PM
    chimakot chimakot Oct 21, 2014 6:53 PM Flag

    Not necessarily, and Hitachi has a 35B market cap. Cheers!

    Sentiment: Strong Buy

ENZN
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