/ - picks/shovels for IVF industry
CEO put on a 5yr clinic in measured value creation / capital allocation
Business building historically funded by shares/cash, but EBIT PER SHARE GREW. ROIC stable.
Now net cash, acquisitions can be funded w/balance sheet
Flywheel
CEO put on a 5yr clinic in measured value creation / capital allocation
Business building historically funded by shares/cash, but EBIT PER SHARE GREW. ROIC stable.
Now net cash, acquisitions can be funded w/balance sheet
Flywheel
Impressively, from '16 to '20:
Tangible capital grew 328% from $1.5m to $7.5m, while returns on tang cap maintained at +100% [good underlying business]
AND
Total capital grew 297% from $9m to $36m, while returns on tot cap maintained at 20-25% [good cap allocation]
Tangible capital grew 328% from $1.5m to $7.5m, while returns on tang cap maintained at +100% [good underlying business]
AND
Total capital grew 297% from $9m to $36m, while returns on tot cap maintained at 20-25% [good cap allocation]
In vitro fertilization holding up well
still holding up.
Acumen crosses 10.6m shares today (~7.5% of shares outstanding), and have traded ~14.6m shares since beginning of March. Avg dailly volume about 300-500k. Could be seeing interest from new incoming shareholder base.
Acumen crosses 10.6m shares today (~7.5% of shares outstanding), and have traded ~14.6m shares since beginning of March. Avg dailly volume about 300-500k. Could be seeing interest from new incoming shareholder base.
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