New CEO has been in 4 months - this alters the whole outlook, and changes from his appointment will only start appearing after 6 months in my view
FDA approval y'day
In addition, COVID has brought the realization that remote medical monitoring is the way to go in so many areas of healthcare, which in turn provides massive tailwinds. COVID itself causes big issues with lungs, so also in the right space.
Small Free float, no doubt Credit Suisse / Regal are screwing around with their shares. Never good when they are on the register and they will be a blight until they are gone.
But this is all just noise, a liquidity event for some, and a great chance to makes some quick trades yesterday. But I see this as a LT hold now after making some nice returns on DT's y'day. Feel for those who got in at much higher prices. But great ideas always take way longer to become reality than people first think. Low risk down here with cash on hand and on the whole a solid register
