Signs of life for the first time. The following came out today from Oppenheimer: Notes from the Road: XONE
Meetings and General 3D Musings
We met with a range of 3D firms in the past week, including with ExOne’s CFO.
The immediate outlook for machine demand remains challenging (not good for DDD
or SSYS), but this is less a factor for ExOne. Activity levels are up sharply, and its
ability to monetize that may only improve as we move through 2016. With extreme
operating leverage, there is a formula for dramatically improved results over the next
six or seven quarters. ExOne is a small stock in a loathed industry with a string of
disappointments. All that may be masking stellar potential for a dramatic turnaround
over the next couple quarters.
We also were able to pick up additional information on Carbon3D as well as 3D
Systems' emerging strategy for its metals offering
I am sure we saw people getting out prior to the end of the quarter, so they didn’t have to show such a losing stock on their books. New lows are always scary to buy, and sentiment for XONE has never been worse. In this case, if the company starts getting orders (and I think they will), you should have your double by year end.