2024-06-13 11:49:14 ET
Summary
- Shareholders of InMode Ltd. have seen a 46% decline in value due to slowing sales and capital allocation uncertainties.
- Sales growth has been impacted by rising interest rates affecting leasing deals, leading to lower revenue growth projections for 2024.
- The company's new share repurchase program should reverse the dilution shareholders previously experienced.
- The low expectations embedded into the company's valuation makes it ripe for a revision higher.
Read the full article on Seeking Alpha
For further details see:
InMode: Reversing Previous Shareholder Dilution With Buybacks