3D Systems chairman sells 80K shares


3D Systems (DDD) chairman G. Walter Lowenbaum discloses he sold 80K shares on Monday. He still owns over 1.2M shares.

A 2-year chart of 3D's performance might help explain Lowenbaum's motivation for selling.

Shares -1.4% premarket.

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Comments (18)
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
     
    DDD shares are getting a bit overpriced.
    13 Nov 2013, 09:13 AM Reply Like
  • DrP79
    , contributor
    Comments (2474) | Send Message
     
    His sales are not even rounding error for the total he owns
    13 Nov 2013, 10:05 AM Reply Like
  • Lonnie Starr
    , contributor
    Comments (318) | Send Message
     
    They're not over priced, they're priced to meet the demand for them as balanced with the supply of them. Consider that if 1 million people wanted to own 100 shares of 3D Systems stock, there's less than 100 million shares available to the market, so the price has to rise. Those willing to pay the higher prices get shares, those who do not, won't.

     

    As far as the underlying metrics that are usually used to figure the value of a stock, they are for valuing the shares of a company that has been doing business for quite sometime> AND> whose stock is not in very short supply, as happens when people want more.

     

    Because of the newness of this industry, many players have yet to increase the supply of shares to meet the market demand, so the shares that are in the market are in short supply now. As the floats increase the metrics that are out of whack now, will eventually come back into line with more traditional values. Mind you, there are more than just a single way for these metrics to settle back, and an increase in float size is but one of them. Thus a high or ultra high p/e ratio does not automatically translate into shareholders losing value or profits as short sellers would have everyone believe.
    13 Nov 2013, 10:14 AM Reply Like
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
     
    What are you talking about increasing the amount of shares. It's not about the price of individual shares. It's about the total market cap. DDD is not worth that much. Not at its current state or in the next year. I hope people paying $78 per share is looking to hold for years.
    13 Nov 2013, 05:34 PM Reply Like
  • Lonnie Starr
    , contributor
    Comments (318) | Send Message
     
    Right now it's about the price of individual shares! Or, do you think that the market makers first consider the total value of the company, then refuse to sell shares to people who bid for them above that price?

     

    Or, are you somehow able to figure what the eventual value of the company will be? You can say, with certainty that they won't find customers sufficient to justify today's prices? Of course you can't!

     

    Realize what you are doing: You are looking at today's data about the companies assets and liabilities and trying to use those figures to predict the future, that never works and will prevent you from being able to seize real opportunities, because share prices rise ahead of performance.

     

    In this case we have lots of cash paying investors bidding for a limited supply of shares. People who are buying in now, at these seemingly high prices are seasoned investors who know that, today's high price is tomorrows bargain basement "to die for" price.

     

    When I got in several months ago, the price of 69 dollars was being called outrageously high, the company would never be able to justify it, and they said the smart investor should wait for a price more like 23 dollars or there about. I "foolishly" didn't wait as per their advice, after I got my shares the stock fell to 30, but there was 3 for 2 forward split in the mix, lowering my buy in price to around 46, meanwhile short sellers found themselves saddled with 1/3 more shares than they had planned on shorting. As the price started to recover they had to buy in their positions, or keep paying 1/3 larger margin calls to hold on. Needless to say the stock quickly got back to 46 and went above it by quite a bit.

     

    Had I listened to the naysayers I would have avoided nearly doubling my money, howzat? At 14 they told us that AAPL was nothing to write home about, it went to 600 per. They told us that GOOG was really rich at 85, it's now over 1000 per. On and on it goes, seems the people writing these market articles have never traded a single share, or if they did, they haven't learned much about the market.

     

    All these financial reports are just snapshots, telling you where in the cycle of earning and growth the company is now. It's up to you to speculate about the future of the company, based not on present share price, but upon the guesses about how attractive or unattractive the products are or will be and how the company is being run by it's officers.

     

    Long story short, don't expect anyone to do the guess work -- that you need to decide to invest or not -- for you. If you can't, then you need to turn to the funds and let them manage your money for you.

     

    Warm regards
    14 Nov 2013, 02:12 PM Reply Like
  • zeikette1
    , contributor
    Comments (82) | Send Message
     
    just making more shares available for the public! , I will still be a buyer and holding for that $DDD $90.00 dollar mark,
    13 Nov 2013, 10:24 AM Reply Like
  • Lonnie Starr
    , contributor
    Comments (318) | Send Message
     
    Actually, split adjusted, we're already over the 90 dollar per share mark and, unless I miss my guess, we're going higher, a lot higher. Of course, that won't happen overnight, but there are plenty of things driving this technology forward. Competition? Competitors can't sit and wait to see what their competitors do with it, because by that time they'll be suffering financially, as their competition reaps the benefits of ever less costly processes, while they're just finally trying to play catch up.

     

    Did you know, for example that in fabricating large 3 meter bells, they have to cast 10 bells to get one that rings just right? The customer has to pay for 9 ghost bells or the company won't make a profit. 3D printing can and probably will change that metric, so that some lucky bell maker, quick on the draw, will not have to make 10 bells to get one right. The trouble is that metals melt at high temperatures, that makes it very hard indeed to insure that alloys mix well/uniformly. Which is probably why NASA found that 3D printed fuel injectors were as good as or even superior to those made in the traditional ways.

     

    3D Systems is doing metals with one of it's acquisitions who was a superior metal printer already. There are 3 to 4 dozen metals on the periodic table, there are an infinite number of alloys that can be made, each having differing properties. And if that wasn't enough variety, there are non metal additives that can and do add additional properties, not to mention composite materials that came along in the last decade or two. So, metal printing is going to be a very large field, so large in fact, I doubt any one company will be able to cover it all.

     

    But I can say that, being able to fabricate test materials accurately without having to rely on the haphazardness of casting, to get a sample to test, is going to be a boon, both to science, research and industry. I'll bet that nano sintering is not very far in the future. A future which I estimate to be very bright indeed.
    14 Nov 2013, 02:28 PM Reply Like
  • mackcap
    , contributor
    Comments (16) | Send Message
     
    Looks possible he steered the stock at top of 20 day trend line
    & kept it from a less confident Eiffel tower move - then mystery dive.
    13 Nov 2013, 11:10 AM Reply Like
  • Izzy1
    , contributor
    Comments (194) | Send Message
     
    DDD has had a fantastic run up. It's a small amount of the total shares he owns. Maybe he had a chance to pick up an early model Ferrari. If it was me I would be slowly taking money off the table as the stock moves up.
    13 Nov 2013, 12:52 PM Reply Like
  • Lonnie Starr
    , contributor
    Comments (318) | Send Message
     
    This reminds me of the stories that abound every time Bill Gates sells a few shares of MSFT. Something he does regularly, but you wouldn't have a clue of that fact, from reading what they want to print about it. Bill Gates also regularly splits his stock, so as time goes on his sales don't really amount to much at all, as I'm almost certain is the case with 3D Systems. Around noon today I saw a 75,000 share buy cross the ticker, at "these high prices" hahaha. Someone with a lot of cash burning a hole in his or her pocket, didn't seem to think that what the pundits are screaming about, is even worthy of note. I certainly don't, of course I'm still open to consider on point presentations about this stock, so far they haven't amounted to a hill of beans, nor have any of them been on point in the negative sector. I think to myself "How could they possibly be on point?" It would be like saying that radio, the telephone, TV, computers or the internet were going no where. Believe me, those negative things have been said before and by some pretty once credible people. Some guy, high up in IBM once said of the computer, that there's probably a need for two or maybe three computers in the world, and he was on the inside looking out!
    14 Nov 2013, 02:38 PM Reply Like
  • riotango07
    , contributor
    Comments (69) | Send Message
     
    80K slightly different than 6.1MM, somebody isn't correct!

     

    3D Systems Drops 2% as Chairman Offloads $6.1 Mln in Shares
    MIDNIGHT TRADER 5:39 AM ET 11/13/2013
    Symbol Last Price Change
    DDD 78.5099 +0.5699 (+0.73%)
    QUOTES AS OF 01:26:04 PM ET 11/13/2013
    08:39 AM EST, 11/13/2013 (MT Newswires) -- Shares of 3D Systems(DDD) are down 2% after its chairman sold $6.1 million in shares.

     

    Price: 76.39, Change: -1.55, Percent Change: -1.99
    13 Nov 2013, 01:27 PM Reply Like
  • DrP79
    , contributor
    Comments (2474) | Send Message
     
    there might be some rounding error
    but 80,000 SHARES at $76 for ease of calculation = $ 60.8 million
    13 Nov 2013, 01:52 PM Reply Like
  • 3D Investing
    , contributor
    Comments (1552) | Send Message
     
    I think you're off by a decimal point DrP
    13 Nov 2013, 05:33 PM Reply Like
  • DrP79
    , contributor
    Comments (2474) | Send Message
     
    Thanks

     

    You are right, but it was merely a typo.

     

    I typed too fast showing why the 80K and the 6.1 million were both right as the first number was the number shares and the second was the value. I think the point was made though obviously, it would be better without the typo.
    14 Nov 2013, 08:11 AM Reply Like
  • Lonnie Starr
    , contributor
    Comments (318) | Send Message
     
    My guess is you're close to right. Very often people hear news on the grapevine and get it wrong. One person is talking shares while the other person is talking dollar amount and the two get switched and mangled.
    14 Nov 2013, 02:41 PM Reply Like
  • Hitman03
    , contributor
    Comments (2) | Send Message
     
    I out my 150 shares back in 2011 @ $19. I'm just riding the wave, lol
    13 Nov 2013, 08:22 PM Reply Like
  • scottmhr1
    , contributor
    Comments (3) | Send Message
     
    Sold 1/2 my shares after the recent run up. There goes my tax return for next year:(. lol
    14 Nov 2013, 09:12 AM Reply Like
  • sibrazy
    , contributor
    Comments (4) | Send Message
     
    three D should keep going up and 100 is the first step. Who knows how high it will go. Peter Lynch likes the stock and the future is unlimited for three d pring.
    Si
    14 Nov 2013, 07:59 PM Reply Like
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