Not sure if our share price decline is caused by Greedy Immoral people on Wall Street. This is purely a case of Nick missing his revenue and profit projections and regardless of the reason, being a small cap, you will be severely punished(more sellers than buyers is bottom line!). Every stock that misses is being severely punished in this market.
Nick has not yet explained how he plans on filling capacity at good margins and how long this will be. In addition there is the loan that comes due in 2026 which also needs to be addressed. Wall Street sells first and askes questions later and this sadly is the case with Avid.
I sincerely believe this is just a case of taking longer to reach the achievable goals set by Avid management. The loan(Exchangeable Senior note) at the the 1.25% interest rate was/is brilliant.....but you have to be able to bring in solid cash flow at least 12 months before this loan is due to show this will not be an issue!
So as dire as the share price looks today, Avid is still in a market where overall demand exceeds supply and this market should/will continue growing far into the future! Yes short term, there are clouds due to funding difficulties of small biotechs....but like everything else in life, this will change also and normalize again. No one knows when but it is all about hanging in there through the bad times to profit in the good times.
Avid is all set up for strong growth and solid margins with all of their state of the art equipment and new expansions. This too will happen and IMO this down period will just be a bump in the road....hold if you can and buy if you are able! Better times ahead!!!
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