LMAT - LeMaitre: Widened Capital Structure Acquisitions Drive Top-Line Growth
- LeMaitre has posted a strong quarter compounded by successful acquisition activity YTD, with little OPEX tied into profits in Q3.
- Management has widened the capital structure to be more debt inclusive, having realised the upside on Artegraft and CardioCel asset returns.
- Operating efficiency has improved significantly quarter/quarter, and the company is well on the road to pre-pandemic operating strengths.
- Shares are trading at a discount to historical multiples, which makes the valuation attractive on immediate entry.
- Shares have climbed in an ascending channel formed since March, with repeated mean reversion activity YTD, with strong support.
For further details see:
LeMaitre: Widened Capital Structure, Acquisitions Drive Top-Line Growth