Investment Thesis
Inogen (INGN) is my backdoor bet on travel resumption. The core business is a proxy for leisure travel since their business thrives when patients suffering from chronic obstructive pulmonary diseases (COPD) seek mobility. COPD patients buy portable oxygen concentrators (POCs) when they want to be unshackled from their living room oxygen tanks so they can board a flight, chill on a cruise, or go to their grandchild's graduation/wedding etc. While many people in this population may never leave their living rooms for years, many of them will likely have some element of YOLO