Update: Is Another Acquisition In The Works For Stratasys?
- Stratasys reported strong earnings, beating expectations, and strong balance sheet with over $570 million in cash and equivalents.
- Managerial statements during the subsequent earnings conference call hinted again at more acquisitions/investments, particularly into its new service bureau assets.
- When drilled during the analyst Q&A regarding synergy with the new acquisitions, management, for the most part, beat around the bush.
- My past investment thesis that ZMSPF appears to be a likely acquisition for SSYS seems more validated following the recent earnings report and conference call.