RE: Great (Stupid) Expectations25 Oct 2021 21:04
The big question is - how long is covid testing going to last. I think it's here to stay for a very long time - you get the symptoms, you get a test to see if it's covid/flu/rsv. Even if covid becomes just another cold by this time next year. Current testing regime in the UK is *******s. The rest of the world seems to be similar.
The covid cash cow is not dead yet.
The rest of the diagnostics are probably worth more as a takeover target than as a direct cash earner for the company.
"Uninvestable" is not a term I'd apply here - on the contrary, the company is generating cash, is very cash-rich and has excellent R&D to cash in on future opportunities. It's frustrating as f.ck that sp keeps falling, but the fundamentals are as good as they get.
Downside is very limited, upside is infinity and beyond. This is better than almost anything on AIM. Sure, you get companies with better upside prospects but that's almost always offset by crippling downside and the need to constantly dilute to inject cash.