May. 7 at 4:34 PM
$INMD starting to look like the
$ZIM of med-tech. 🧬
Market Cap:
$870M / Cash:
$530M. Basically no debt, strong FCF, and
$82M revenue last quarter. The business is finally stabilizing, but the governance is a wild ride.
Moshe Mizrahy's "strategic review" vanished once higher outside bids surfaced. Now, expenses are mounting and operating leverage is suppressed. Is management intentionally keeping the price down while Mizrahy and the company aggressively buy back shares? 🤨
Despite the drama, the aesthetics sector is recovering (
$EOLS $ABBV). Even InMode’s growth is returning. With the CFO and Chairman out, the setup is bizarre: A hated, founder-controlled company with half its value in cash, massive buybacks, and a business turnaround that everyone is ignoring.
Curious about the full approach? 👉Check the @RobinCollins1