Excerpted from the October 12th edition of Notes From the Rabbit Hole, NFTRH 884: [edit] A reader commented at the Substack version of this article (please subscribe, it's free) suggesting…
As a former U.S. manufacturer (for nearly 3 decades), I can confirm Hua Bin's China thesis Insofar as Trump, Kirk and others may blame China for the destruction of the…
The New York Fed's September Empire Manufacturing Survey trends back to positive My economic thesis is for contraction and a counter-cyclical environment. So the September Empire Manufacturing Survey flies in…
US manufacturing (ISM PMI) has dropped in sytematic, robotic fashion over the last 12 months From an index reading of 53% in June, 2022 to 47% today, the sector has…
The March ISM report on manufacturing is right on schedule to our macro view Manufacturing is not a laggard, like a lot of the inflation stuff and services-related employment still…
The Empire State Manufacturing survey is bad Here is the report (PDF) from the New York Fed. Let's just take a visual journey down the road to disinflation/deflation and economic…
The September ISM shows manufacturing continuing to weaken Of course, this is a forward looking economic indicator, so why would our friends at the inflation-fighting Federal Reserve take it or…
ISM hints at forward deceleration Uncle Buck As a former manufacturing guy I am well aware of how monetary policy and the state of the US dollar affects US manufacturers.…
ISM's Report on Business (RoB) blisters upward, but... My former residence within the real economy was right here, in the manufacturing base. I don't miss it even one little bit,…
Bloomberg has an article out this morning showing the economic zones where the Robotics industry is taking jobs away from humans. More Robots, Fewer Jobs This is a fact of…
A reader emailed me this article from Mike Shedlock. Whenever I read articles on manufacturing written by financial types I prepare for the worst (cue the legions of suits and…
The Machine Tool industry had a bump at the end of the year, which we set our watches by every December. But it was very moderate. Now as of February,…
[edit] Ha ha ha, MarketWatch has substituted this headline for the one linked lower on the page, re-writing the whole damned article but keeping the link. Goofy. Maybe a couple of suits actually read this website, eh? Hey guys (and ladies), you know I just have fun with this stuff. Many NFTRH subscribers are said “suits” and I respect the hell out of them too. ;-)
3D Systems’ stock downgraded after ‘excessive’ rally
In a recent white paper, however, Ark Invest analyst Tasha Keeney predicted that the tide would start to change in 2016 as new industrial applications for the technology were uncovered.
“Similar to other disruptive innovations, 3D printing experienced a period of hype ‘before its time’ and has gone through a period of restructuring,” said Keeney. “While 2015 was a turbulent year for 3D-printing companies and their stocks, the long-term prospects are intact and profound.”
Well Tasha, maybe investors in the right companies can make a buck in the right companies, but industrial applications are not going to keep up with competition and cost pressures. It’ll be great for buyers of the technology, but not for investors in most of these companies.
***Original post follows***
On February 25, 2014 with DDD stock price at $76/share I, a former manufacturing guy, wrote this article…
A while back we noted that machine tool sales were continuing to fade and that there was alarming news from my boots on the ground source in the industry centered…