LeMaitre: Further Upsides Supported By Longer Competitive Advantage Period

Zach Bristow
4.18K Followers

Summary

  • LeMaitre is a long-term compounder with mouth-watering economics and shareholder-friendly management.
  • LMAT shares have rallied 45% since August '23, with increased dividends and improving fundamentals.
  • Management has lengthened the reinvestment runway to deploy funds into the business at an advantage to drive further growth in corporate value.
  • Valuation upsides are supported by growth catalysts outlined here.

Business on Wall Street in Manhattan

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Investment Summary

Following my last report on LeMaitre Vascular, Inc. (NASDAQ:LMAT) in August FY’23, shares have rallied another 45% into the green, along with 1) increased dividends and 2) improving fundamentals. Back then, I valued the stock at ~$85/share, roughly where it

This article was written by

4.18K Followers
Equity strategist (US Equities)Technical focus on fundamental value drivers of business economics to uncover high probability long-term compounders. Seeking to buy at appropriate prices relative to intrinsic worth. Partners are represented over the cross-section of financial markets, from speculators, hedgers, long-term traders and the public. Research covers investment securities and futures & options markets. Shoot me a message to talk trade ideas or portfolio construction. Disclaimer:All research is strictly for informational purposes only. Not to be considered investment advice. Conduct your own due diligence. The Company accepts no responsibility for personal decisions made. Opinions of The Company and its affiliates may change from time to time without prior acknowledgement. The Company and its representatives share no economic relationship with any entities in which it holds common stock investments.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LMAT either through stock ownership, options, or other derivatives. 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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