Align Technology: Too Expensive For My Taste

Summary

  • Align Technology has a great business model and is a leader in the transparent aligners industry.
  • The challenging macroeconomic environment has hurt revenues, and the stock price has fallen 71%.
  • More growth lies ahead for ALGN, but the price reflects this.
Young smiling woman holding invisalign braces in studio, dental healthcare and Orthodontic concept

tonefotografia/iStock via Getty Images

Investment Thesis

Align Technology (NASDAQ:ALGN) is the leader in its industry. Its number one product is its Invisalign transparent aligner which is used to straighten people's teeth and is a popular alternative to traditional wired braces because the aligners are

This article was written by

I seek to invest in companies with business models I understand and have a proven track record for growth and profitability, little to no debt, and selling for an attractive valuation. I believe holding a concentrated portfolio of these types of businesses will generate results, perhaps not immediately but eventually. "Rule Number One: Never Lose Money. Rule Number Two: Never Forget Rule Number One" - Warren Buffett

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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