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Thomas Renna
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Founder of Tom Renna began his professional career on Wall Street 25 years ago after graduating Rutgers University. In 2005 Tom founded Equities Research LLC, a small boutique investment research firm where he provides market research analysis and consulting services to both... More
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  • The Most Overpriced Stock In The Market 0 comments
    Jan 22, 2013 11:09 AM | about stocks: SSYS

    Another Stratasys Warning Letter to a Friend

    Hi _______,

    hope you're having a happy new year.

    I don't find glaring discrepancies every day , maybe 1 big problem every quarter.

    I have read you for years and years and I know how you can relate to me, (that when you find something nobody cares and the market just keeps going higher with the Kool Aid Drinking crowds).

    In any event, i found a HUGE PROBLEM and no one is paying attention to me which means i'll probably be right.

    I actually Know I will be Right but that doesn't put any money in my pocket, but that's fine too.

    SSYS is the Stock

    On December 3rd SSYS merged with OBJET.

    the new company as of that date has 41 million shares outstanding.

    Piper valued the merger $1billion (objet) + $1.2 billion (NASDAQ:SSYS)= $2.4 billion deal.

    Piper among other brokerages comes out with a 2014 Price TGT of $83 per share based on $2.31 EPS 2014. (PE multiple of 35) their words not mine.

    type ssys

    that is over $100 million in net income projection for 2014.

    the two companies combined for an estimated $277 million in gross sales for 2012.

    i won't get too much more into detail but to find more information and the response letter that the Wall Street Journal sent to me you can find that here and even more here

    Here is what the BANKS are's all wrong because none of the brokerages adjusted the shares outstanding and/or EPS based on more shares

    have a great day

    tom renna


    ps. i heard but haven't verified yet that Piper upgraded Price target this morning to $94.

    A video

    My first blog post on this ticker

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