Avid Bioservices Inc (CDMO)

[peregr]

Kind of a coin flip. But, I also thought last quarter was going to be flat and they surprised with a couple million extra in guidance. Let's see if they can do the same as we still have the extra 20% capacity that hasn't been explained.

Perhaps the seller today is basing this upon the increased staffing expense without a commensurate increase in revenues. Guess we'll find out Monday.

We did see Dart and Iszo sell out and we always think they are the smart money. With hindsight we can say poor timing on their part as they left 10's of millions on the table.

Long run, this is a pretty good investment.