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Desktop Metal to be bought by Stratasys -3
Desktop Metal has agreed to be purchased by Stratasys in an all stock deal. Each DM share will convert to 0.123 SSYS shares. Even if we assign a more generous historical price of $15.50 to SSYS, DM shareholders will only be getting about $1.90 per share. That means that only those who bought at the recent December or February lows are turning a profit. This validates my decision not to cover DM in my service and stands as an example of how understanding macro trends, technology and business accounting are all necessary for GRoDT stock investing. More on the private side of this service...