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Biotech / Medical : Cutera
CUTR 0.0955+1,050.6%Mar 12 3:59 PM EDT

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From: Harshu Vyas3/22/2024 8:05:00 AM
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I was wrong about Cutera. I've dropped my PT from $10 to $5 and am looking to get out quickly and cheaply. Any spike from here and I'll sell. This will clearly take much longer than I thought. Not only that, but it seems the only way out for shareholders is a buyout. Insolvency is on the cards.

It's likely with Harris as CEO that a buyout does occur, but the pure turnaround is unlikely, breaking my initial thesis. Lessons have been learned and ultimately this comes down to the excessive cash burn. A $90m cash burn forecasted for this year is just too much for me to get my head around.

Am going to research JD, IRBT, VFC and a few other stocks so I have an idea of what I'm going to put the leftovers into.
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