TAVR gains interest at JPM, page-50

there is zero in the way of blue sky is priced into ahz
it all comes down to cash burn only and if they can get enough rev to cover it full stop
, however, i made a s load of money out of them 5vof years ago which was outstanding but times have changed somewhat
people need to know that covering the cash burn is the main way the sp will grow. once they show this it will rerate to a way better sp where they can believe that some pricing for blue sky will turn up
until then it will get priced on trust which they need to prove, but their on their way to do this, however, this is and will be different for all
long and short put the runs on the board and be trusted the sp will follow