Vince Martin
Long/short equity, value, gambling

Zeltiq Aesthetics: An Unjustified Sell-Off (Unless The Economy Really Is Tanking)

If you believe, as I do, that the recent macro weakness is a minor correction, not the harbinger of the end of days (as appeared to be the case Wednesday afternoon), then ZELTIQ Aesthetics (NASDAQ:ZLTQ) is a strong buy. The company's CoolSculpting "body contouring" product is extremely economically insensitive; it's not covered by insurance, and average cost moves well into the four figures.

Indeed, it's likely that macro concerns have led to the stock's recent decline.

(click to enlarge)

Source: Finviz.com

Indeed, with the exception of Cynosure (NASDAQ:CYNO), the energy-based aesthetics space has underperformed the market of late, and CYNO is down nearly 15% YTD.

ZLTQ data by YCharts

Admittedly, this has long been a

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