Professional
Added to YB: 2024-01-26
Pitch date: 2024-01-26
CDMO [bullish]
Avid Bioservices, Inc.
+84.76%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. Visit their website.
Company Info
Avid Bioservices, Inc. operates as a contract development and manufacturing organization for the biotechnology and biopharmaceutical industries in the United States.
Market Cap
$798.9M
Pitch Price
$6.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
-635.76
P/E
-5.22
EV/Sales
6.45
Sector
Biotechnology
Category
turnaround
Laughing Water Capital holding - Avid Biosciences ($CDMO)
$CDMO: Avid Bioservices hit by biotech slowdown post capacity expansion; faces convertible debt maturity in 2026. But strong late-stage pipeline, growing backlog, potential for high operating leverage, minimal capex & tax shielding suggest multi-bagger upside. Debt resolution key risk/opportunity.
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