Long-Term 3D Systems Investors Should Not Be Fazed By Secondary Offering
Summary
With giant corporations like Apple and Google eyeing the 3D printing sector, now appears to be a better time than ever to lock up available competitive resources.
Having already made 45 acquisitions for a total of $520 million, 3D Systems has ample experience in making strategic acquisitions.
Given that the secondary offering is expected to bring the company's net cash above $600 million, investors have another reason to believe that a major acquisition is on the horizon.
3D Systems' recent 11% drop in share price on Wednesday, May 28, was caused by a combination of the secondary offering announcement, negative commentary, and short interest.
I believe that the recent drop in price is merely a hiccup and see $50/share as a desirable entry point.