CSX - General Discussion, page-166

Hi Lev

I listened to the call this morning and have reviewed the report. I picked up some more shares this morning to get my average down. Not as much as I would have liked as the volumes have been minuscule. The story for this company hasn’t changed in my opinion. 5m cash burn a half is nothing at this EV and cash pile. The leadership is committed and understand the market well - albeit the winds aren’t blowing in a favourable direction at the moment.

As said previously, the company benefited largely from the pandemic as a springboard into healthcare. The negative was this skewed expectation of continued revenue. That has now clearly unwound and we are back to the pre-pandemic story and growth from a new baseline with cash in the bank and a larger footprint for consumable spend and growing adoption in both healthcare and trade/industrial.

I see no reason to abandon ship - far from it.