ATEC - Alphatec Holdings: Buy With Both Hands As Business Momentum Continues To Build
- Business momentum continues to accelerate as evidenced by the recent blow-out second quarter results and related guidance raise.
- Organic revenue growth in the company's core domestic market now expected to exceed 50% this year.
- Strong growth trajectory has yet to translate into profitability and cash generation.
- Recent share price weakness likely the result of arbitrage strategies employed by buyers of the recent $275 million convertible notes offering.
- Speculative investors should use the pullback to initiate positions. Get long the shares with a short-term price target of $15. Assuming ongoing execution, I wouldn't be surprised to see the shares eclipsing $20 early next year.
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Alphatec Holdings: Buy With Both Hands As Business Momentum Continues To Build