3D Systems (DDD-N)

DDD has been on a pretty steady downward trend since 2022 and is down 55% over the last year. Since 2021, DDD has seen revenues declining along with swinging to a net loss that became worse from 2022 to 2023. 3D printing has been around for quite a while now and it has very relevant applications in the manufacturing industry. Looking at the broader industry, there a 3D printing ETF ticker PRNT which has historically been flat outside of a big jump in 2021. 3D printing is definitely innovative and unique, but we are skeptical if the industry will ever take off from an investment standpoint as once expected. We are not sure on what the exact applications with AI would look like and there has not been any word on this as of yet. 
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Unfortunately, it had a big earnings miss. A very whippy stock. It can be a big pop or a big drop on earnings numbers. There is a lot of hype and expectations. Technically it has broken because of its bad earnings quarter, and it is going to face a long road up.

3D printing company. The technology is not taking off like most people predicted. When it takes off, these guys will be one of the leaders. But it may not get back to where it was. There are better plays right now.

Very recently had a spike in the price. It has broken out through a resistance level, meaning there should be incremental buyers here, probably up into the $30-$35 level. Ultimately, this is still very much of a “show me” story to him. It is extremely volatile, so it doesn’t really fit what he does.

3-D printing is effectively the idea where if you need a new kidney, someone can go and print it for you. The whole idea of being able to print products and doing it quite cheaply is quite an interesting one. Longer-term, it really opens up the question of location of factories. Rather than having to be located in certain areas, can they be located near the consumer? The promise of 3-D is very, very good. However, the hype got way ahead of itself. He would like to see this company be a part of something else, which would make the promise of 3-D printing open up and be more accepted. He wouldn’t buy this here.

This company really had to change their strategy from focusing on retail buyers, to more industrial and business based. That has been successful, but it looks like it is going to take some time. Also, there have been new players coming into the market that are increasingly competitive. There is a lot of uncertainty around 3-D printing in general, and who is going to be the ultimate buyer. Also, if Hewlett-Packard (HPQ-N) enters the market, that is definitely going to hurt this company. There is just too much risk and uncertainty.

Decided to break up during a bear market. He bought GXO-T 2 weeks ago. It had a good rally and he does not see a compelling case. If BXO-T dropped he would buy it at around $5. He did not agree with breaking it up in a market when people want a bigger company.

We are in the early innings of the 3D print market. He passes on the sector as it is too early for him. PE is 40.

Very early stage with a low revenue stream. It came from a place where it was trading at a huge multiple with high expectations built into the name. They had some internal management/operational problems. This is on her watch list because she is interested in technology. However, it is not at a point where she would buy it.

3-D printing. The stock has come off quite a bit. Was trading at a very high multiple and continues to do so. Missed on earnings and have had some management changes. She is keeping an eye on the sector. Very early stage. There is still a lot of volatility.

3-D printers? This is the growthiest of the growth sector. The market is not rewarding you for holding these kinds of companies. Companies themselves are doing great things, but have become extremely expensive. She sold her holdings last year. There is a lot of stuff in Canada that will go up even more.

(Market Call Minute) Got caught in the selloff in high beta stocks. He would like to see the uptrend re-establish itself. It is a great industry and we just need to see the prices behave the way that they should.