IEP will go down to under $70. Barrons reported it is a time bomb.
Analysts at Nomura tackled one of the market's hottest sectors today - 3D printing - and they are not overly positive on it. Analyst James Kim believes the market hype on 3D printing is overdone, with volume growth likely to be limited in the long run.
"We think recent market optimism about the "Third Industrial Revolution" potential of 3D printing is overdone, given uncertain growth potential in the consumer market, limited pragmatic applications, and a lack of mass-production ability," Kim states.
He adds, "We do not expect 3D printing to garner a meaningful share of the global manufacturing industry in the near term, with the total market size of 3D printing, as per Wohlers Associates, estimated to grow to USD6bn by 2017 (from c.USD2bn in 2012), largely falling short of the conventional manufacturing space (c.USD93bn)."
While Kim believes they hype is overdone, he said major 3D printing system developers with consumable business like Stratasys (NASDAQ: SSYS), 3D Systems (NYSE: DDD), Envisiontec and pure raw material suppliers could be long-term beneficiaries of 3D printing development, on expected sustainable demand for consumables in large volume. "On the flipside, however, we expect the volume growth of printing machinery to slow down after the initial adoption phase," he also said.
Amongst the 31 major industrial 3D printing companies, Stratasys and 3D Systems take up a lion's share of the global 3D printers market – 57% and 18%, respectively, the analyst notes. The analyst also mentions ExOne's (NASDAQ: XONE) binder jetting technology which is employed by Ford Motor Company to create prototype parts for vehicles, such as transmission cases, brake rotors, and four-cylinder engine blocks. Organovo (NASDAQ: ONVO) has a 3D bioprinting technology that feeds human cells, or "bio-ink," as raw material to create functional human tissues. The company has developed the world’s first commercial bioprinting platform called NovoGen MMX Bioprinter, which not only prod
Hitachi Ltd. (HTHIY, 6501.TO) plans to sell 10.9 million shares in Western Digital Corp. (WDC) in a secondary public offering.
After the offering, Hitachi will have 14.1 million shares remaining in Western Digital, whose stock closed at $78.91. Watch for more sell off next week.
Western Digital's stock has increased more than 80% since it bought hard-drive producer Hitachi Global Storage Technologies Holdings Pte. Ltd., now known as Viviti Technologies Ltd., in March 2012. Hitachi received 25 million shares of Western Digital under the sale agreement.
A slump in global PC sales has cramped demand for Western Digital drives. It has responded in part by making acquisitions, including the Hitachi deal. The company also agreed in June to buy Stec Inc. (STEC) for $340 million in cash, as it looks to expand its presence in the enterprise solid-state-drive market.
Sentiment: Strong Sell
Watch out next week go down to $74 area.
Watch FNSR go to red soon
Same like JCP