Added to YB: 2026-01-08
Pitch date: 2026-01-02
ATEC [bearish]
Alphatec Holdings, Inc.
+36.63%
current return
Author Info
No bio for this author
Company Info
Alphatec Holdings, Inc., a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders in the United States and internationally.
Market Cap
$2.0B
Pitch Price
$20.53
Price Target
14.20 (+5%)
Dividend
N/A
EV/EBITDA
198.09
P/E
-12.78
EV/Sales
3.36
Sector
Health Care Equipment and Supplies
Category
N/A
Short Alphatec (NYSE: ATEC)
ATEC (short): Spine medtech co trading 4x FY26 sales vs peers 2.7x. TAM 42% smaller than believed (~$6B not $8-12B) as stenosis/HNP patients don't need fusion. Competitors now at product parity, MDT's Mazor robot superior to ATEC's Valence. Sales rep churn expected 2H26 as commission cuts kick in after non-competes expire. Target $14.2 (-33%) on 3x $846M FY26 sales.
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