I bet on an imminent merger of 3D Systems and Stratasys. There are some, but maybe too far-fetched indications. First, according to FINRA, short interest of Stratasys has fallen sharply over the last six weeks, daily short volume to turnover (FINRA) is exceptionally low (as well as for 3D Systems over the last trading days with some exceptions), and yesterday price recovered from losses at closing. Second, both SYSS and DDD did not announce a earnings release date yet. Third, the most important EVP position (i.e., healthcare) and general counsil positions are vacant at DDD. Fourth, DDD did not release even its 10K but postponed annual sharheolder meeting is approaching that usually needs a 10K that either is linked to a bigger accounting problem or what is more likely is related to carve outs of its software business (as indicated in 10Q of Q3 23). Maybe, such divestment provides proceeds and focus on pure am for a merger with SSYS. Lastly, have you seen the purchase of more than 2000 call options priced at $0.25 expiring next Friday which will give first bucks of a profit at a price of approx. $4.25. Someone seems to bet big here.
Info about me: I do not have any inside information. I draw my conclusion from my experience in decade-long investing acitivity in DDD and AM sector, my skills earned as assistant professor at a German elite university and my practical background as risk manager at a German big bank. I own some positions on short term call options on DDD stock.
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