Replies to post #1680 on 3D Printing Stocks

[mercadona]

Please give me the link to that SA-article.

[sunscreen99]

This article receives my full support. The author correctly states that Alphaform has suffered from bad management and as a consequence has been a "destroyer of value". I wouldn't know how to come to a different conclusion when looking at their numbers.

Gary claims in post #1637 that "this CEO is no dummy". Hmm... He might be right when it comes to the US listing of the stock - there's a great chance that US investors will provide Alphaform with the capital (EUR 10M ?) it needs for the planned restructuring; frustrated German investors would probably not have invested any additional money into the company.

This case seems to me like an analogy to what was called "stupid German money" 10 years ago, just that the money is now flowing into the opposite direction. Sorry, now I am cynical.

[BiotechValues]

I didn't see that article until this morning. I submitted two replies.

People value stocks differently- it's why we have a market.

In my view, a focus on only "positive EPS", when most 3D printing companies are far from EPS positive is a little silly.


What many (most even?) investors don't get is that Alphaform reports using IFRS accounting, which is very close to GAAP accounting.

If they used NON-GAAP "headline" numbers that the OEMs typically use, they would probably be EPS + for the first 9 months of 2013.

But one number you can not fudge is sales. Period. That's why Price-to-Sales is a good indicator of relative value, and there is no other 3D printing stock with a P/S multiple below 1. If I find another, I'll buy it up too as long as their balance sheet is reasonably healthy.

So I see things very differently than the writer of that article does and we'll have to let a few months go by to see who is right.