ALGN - Align Technology: Winners Keep Winning

• Align Technology is the undisputed category leader in clear aligners.
• It has a decade-long track record of growth, yet the global orthodontic market remains vastly underpenetrated.
• Align's competitive advantages include unrivaled economies of scale, a large base of trained doctors, and a dominant consumer presence.
• Align's growing free cash flow enables it to reinvest in the business while also pursuing selective acquisitions.
• Down more than 40% from highs, Align is a company to buy and hold for the next decade.

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