IVC

Invacare Corp.

Healthcare


Presented:02/18/2022
Price:$2.12
Cap:$0.07B
Current Price:$0.01
Cap:$0.00B

Presented

Date02/18/2022
Price$2.12
Market Cap$0.07B
Ent Value$0.48B
P/E RatioN/A
Book Value$6.84
Div Yield0%
Shares O/S35.02M
Ave Daily Vol906,205
Short Int26.18%

Current

Price$0.01
Market Cap$0.00B
Invacare Corp. engages in the manufacture and distribution of medical equipment used in non-acute care settings. It focuses on medical device solutions for congenital, acquired, and degenerative ailments. The firm operates through the following segments: North America and Europe. The company was founded by Aaron Malachi Mixon III in 1979 and is headquartered in Elyria, OH.

Publicly traded companies mentioned herein: Invacare Corp (IVC)

Highlights

The presenter is long shares of Invacare Corp (IVC), a healthcare products company that specializes in need-based products such as wheelchairs, care beds, and respiratory products. At its $2.10 share price, IVC has a $74MM market cap and $380MM EV. It will exit 2021 having burned $10MM – $15MM of cash due to increased investment in inventory in the face of supply chain challenges but has close to $100MM of liquidity and is expected to be cash flow generative going forward. Although there have been a few negative catalysts in the past 6 months driving the share price down from $9 to the current low point, the presenter doesn’t believe that these issues justify the price action and has therefore gotten reinvolved in the stock. He is also comfortable with the management team based on the team’s success prior to the recent headwinds, giving him confidence in a recovery. 

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