Azenta Message Board - Msg: 33569815

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Technology Stocks : Azenta

AZTA 48.29

+1.8%

3:59 PM EDT

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To: Johnny Canuck who wrote (1124)	11/11/2021 2:05:50 PM
From: Johnny Canuck	of 1138

Selling partial position at $114. I expect the upside price to be capped till the sale is complete. Their bio tech unit is growing quickly but off off a low revenue base. Like the fact that 30 percent of sales are on re-usable products that customer have to continue to buy. It will trade like a late stage startup that is profitable but at the start of a revenue ramp till they complete a strategic acquisition. I do not expect that till the sale closes. An all stock deal might be possible before that though. Close to 3 time gain is enough for now. Booking some profits in what is a volatile market. The number of stocks gaining 30 percent in a day and not profitable is making me nervous. Raising some cash while return on my investment is the focus as opposed to the return of my money in a down market. Will look to re-enter at so later point.

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