OVN 0.00% 2.0¢ oventus medical limited

It looks awful.Since what I still hold isn't worth that much, i...

  1. 2,935 Posts.
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    It looks awful.

    Since what I still hold isn't worth that much, i won't sell it for noe. Still seems better to hold as an off chance.

    However, I may change my mind.
    The presentations are now all about the "telehealth".
    The telehealth, according to this is doing well, growing at a decent clip, quarter on quarter, for some time now.
    However, it does not translate into sales. They have been going down.
    Their charts also show that revenue is a good predictor of receipts (duh)
    Naturally, revenues are down. Logical, considering their new device sales are going down.
    This means receipts will be down too next quarter.
    Might be better to just cash out what is left on second thoughts...

    PS the discussion about Alex Waislitz's sanity is besides the point. "Catching falling knives" is a useless meme as well. They are knives when only when the SP keeps falling, otherwise they are investments of genius. You need to look at the evidence and make your own decision.
 
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