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ExOne specialized in additive manufacturing with metals, using a
binder-jet process. A good overview of the original high-risk
thesis can be found here, but note that I warned
readers that the short
squeeze was looking unsustainable
just 2 months later.
This gave investors a chance to get out with 10% gain. By the
time coverage began here on CrowdWisers, notes were becoming
increasingly bearish as the company pursued a strategy that had
little chance of bearing fruit until at least 2016 or 2017. Using
the rank filters to
the lower right should make the trend very evident.
Although I did manage to call
the bottom on XONE, it was with great caution, and I instead
turned to shorting some
of the highs later on to good effect. Even so, I kept my
commitment to subscribers until they agreed in late 2017 that it
was time to drop coverage in order to devote more attention to the
many better ideas that I have identified. I continue to be
interested in the science that drives this industry, and readers
may wish to give particular attention to the final three updates,
the last of which merely documents
that ExOne was eventually acquired by the very competitor that I
cited as potentially dominant.
Updates: | ||
---|---|---|
-4 | ExOne 2Q17 results | 10:45 10-Aug-17 |
-4 | ExOne 4Q15 presentation | 08:19 23-Mar-16 |
?5 | ExOne 4Q15 results | 17:42 22-Mar-16 |
-6 | ExOne files to dilute shareholders | 08:19 11-Jan-16 |
-5 | ExOne conference call notes | 09:47 10-Nov-15 |
-7 | ExOne 3Q15 results | 16:59 09-Nov-15 |
?7 | ExOne schedules 3Q15 report | 17:11 29-Oct-15 |
+4 | ExOne adds CHP binders | 11:24 09-Sep-15 |
+4 | Second open market insider buy for XONE | 16:54 27-Aug-15 |
+6 | Open market insider buy in XONE | 11:33 26-Aug-15 |
-7 | ExOne 2Q15 report | 16:30 10-Aug-15 |
?7 | ExOne schedules 2Q15 report | 07:55 28-Jul-15 |
+4 | ExOne Qualifies Water Wash-out Tooling Process | 10:11 01-Jul-15 |
-5 | ExOne 1Q15 Conference Call Notes | 09:43 12-Jun-15 |
-5 | ExOne misses big again | 17:00 11-Jun-15 |
-5 | ExOne postpones 1Q15 report to early June | 18:34 11-May-15 |
-4 | ExOne files S-3 for up to $150M | 16:41 10-Apr-15 |
?6 | ExOne Slowly Approaching an Inflection Point | 11:04 17-Mar-15 |
-5 | ExOne misses again | 17:39 16-Mar-15 |
+4 | ExOne Announces Exerial | 09:47 05-Mar-15 |
+4 | ExOne announces 6 new materials | 16:47 18-Feb-15 |