3D Systems: Waiting For More Clarity On The Profitability Path

Industry Overview - The 3D printing sector is currently in a distress phase due to slowing manufacturing growth and heightened competition among industry players [1] - 3D Systems (NYSE: DDD) is facing challenges from extended client CAPEX cycles, leading to slower growth [1] Investment Focus - The analysis focuses on growth companies in the mid-cap segment, particularly in biotechnologies, computer chips, cloud technology, energy, and commodities [1] - Emphasis is placed on companies that can leverage their intellectual property and play a significant role in today's geopolitics [1] Analytical Approach - A top-down approach is used to complement bottom-up analysis, with special attention given to risks surrounding business cases [1] - Systematic balance sheet analysis is performed to assess funding capabilities, and stress tests are employed to evaluate the safety of investment models [1] - Long-term capital appreciation is prioritized over short-term speculation [1]