New 12 Month High for 3D Systems
Great day for shareholders of 3D Systems (NYSE:DDD), its shares hit a new 52-week high of $31.56 today. Mastery brought this stock to you just a few weeks ago when it was under $24.
Recall our April 12th article 3D Printing: The Next Big Thing. There's no need to cut and paste what we already said as the article title says it all.
We stand by our thesis -- While 3D printing could ultimately turn out to be a fad in the consumer world and the investment world (much like nanotech in the early 2000's), 3D systems is not some fly-by-night company. They are a legitimate, profitable company.
Analysts are projecting a 46% increase in DDD sales this year, and 18% in 2013. We think this is a conservative estimate for 2013, and if 3D printing really takes off, it could prove to be the investment of the decade.
Congrats to all the DDD longs.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- "Massive Mis-Governance" - Q4 Obliterates The Case For QE And ZIRP | ZeroHedge
- Lowest Interest Rates Ever | Financial Sense
- David Stockman Warns "It's One Of The Scariest Moments In History" | ZeroHedge
- Spot The Birth Of High-Frequency Trading | ZeroHedge
- Yellen’s Patience Is Market’s Gain | Financial Sense
- NYSE Margin Debt Declined in January | Financial Sense
- PIIGS Go To War: Spain, Portugal Slam Tsipras' Accusations Of "Conspiracy Plot" To Overthrow Greek Government | ZeroHedge
The most relevant financial news and articles from the Internets
- Police recover pearl gown stolen from movie star Nyong'... | Business Insider
- The company behind one of the best Android phones is launching a fitness band for... | Business Insider
- For $1.2 million you can have this insane powerboat... | Business Insider
- Italy defeat Scotland in Six Nations | Business Insider
- This might be the most gorgeous Google-powered smartwatch yet (GOOG) | Business Insider
- Henderson, Coutinho hit Man City's title bid | Business Insider
- I ditched my 16GB iPhone 6 for the 64GB version and I'm kicking myself for not... | Business Insider