In many ways Arcam is my kind of business:
A wonderful tecnology, protected by patents.
Not the biggest player in the market, but a niche player, very strong in a selective market.
The company is growing fast, without generating lots of debt.
Cash position is good, margins are good, net income is growing within boundaries.
The company is expanding production capacity, but still every system build is sold in advancement.
R&D is well supported by national government and the European community.
R&D is isn't burning all profits.
Management is flexible and willing to move / bend with the demand of each market that is interested in using EBM systems.
Management is straight forward, no fairytales, no predictions or promises that are out of reality.
30% growth YOY is more than 370% after five years
Imo one of the best companies to invest in fot the coming five years