May. 14 at 9:20 AM
$ITGR The Oppenheimer’s, Citi, BOA, Vanguard, etc love the pop… so you cover their loss. Look for this to go sideways. Integer’s debt, shrinking demand from top tier OEMs, and poor customer relationships drove the board to shop the business prior to pending SEC fraud lawsuits.
When the acquisition of Integer is played out - the cash value paid and the stock swap provided - you will be good to hold
$72 per share. Do your own math and due diligence. Business began denaturing in October. Customer turbulence, Integer cost structure, and top 3 customers (ABT, MDT, & BSX) who own 50% of overall revenue… have been fleeting the business since 2024. No new awards on next gen devices and PE backed private CDMOs taking large portions of Integer business’, compounded by an immature CEO with virtually no experience or industry contacts has sent the business in a death spiral.
It would not be inaccurate to state Mr. Khales should go back to selling automotive power tools.
