Contract Development and Manufacturing Organization
CDMO
position
long
MS
Thesis
CDMO has improved its balance sheet through capital raises and is now investing in future growth. The company is expected to add significant capacity, which could lead to a valuation of only 10 times free cash flow in a few years, making it an attractive investment given its recession-resistant nature and strong regulatory track record.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame for the thesis, it's difficult to assess whether the investment thesis has played out. While the company may have improved its balance sheet and is investing in growth, the lack of concrete outcomes or market reaction makes it impossible to determine the effectiveness of the pitch.
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