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When an organization runs into systemic issues with their services or products, transparency is a high quality that traders instantly search for. It’s the identical strategy to take with shoppers who could also be struggling as effectively. Quanterix (QTRX) confirmed a whole lot of transparency final 12 months when a administration shakeup adopted some main high quality issues, a catastrophe we elaborated upon in a bit titled Why Quanterix Inventory is Dropping Like a Rock. At the moment, shares had been buying and selling at lower than the money on their books. In different phrases, anybody shopping for the inventory would have been receiving a free proteomics firm. Shares have since recovered, however questions stay as as to if the systemic high quality issues have been rectified. With new management on the helm, it’s time to test again in to see the progress being made to proper the ship.
The Turnaround Story
This summer season’s piece on Checking in With Seven Proteomics Shares famous that if we had been to put money into proteomics in the present day, we’d select Olink (OLK) over the remaining. Now that Olink is pending an acquisition by Thermo Fisher (TMO), we’re down to 6 proteomics shares and a thesis that’s now getting a bit extra consideration. We final left Quanterix questioning if it is sensible to carry the place till progress resumes. We received’t have lengthy to attend now as the most recent earnings name mentions the six-quarter transformation plan laid out final yea
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