Seriously, it just creates buying opportunities. My flow chart:
Is current cause of market-wide sell off likely to materially impact the long term prospects of this company or the market it serves? i.e. - Is our supply chain likely to be materially impacted? I’m not across our supply chain, but I’d guess given our product and scale - no - Are there going to be less OSA sufferers, or are they less likely to buy our solution - no - Will we have problems with capital or servicing debt? No debt issues, and given the progress we’re making and how close we are to scale which gets us to breakeven - no
Next, do these announcements materially strengthen the company’s long term prospects? Obviously a resounding yes.
Finally, does the movement in price this week reflect the above points? Hmmmm...
All IMHO.
OVN Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held