SIGNAL FROM NOISE: Align Technologies ($ALGN, $665.43): You’re Never Fully Dressed Without A Smile

Key Takeaways

  • Align Technology ($ALGN) has one of the most ubiquitous and recognizable brands in orthodontics, yet it has barely penetrated markets for customers who seem to have a great alignment with the product.  
  • The company is experiencing growth across multiple dimensions. The share of teens as a share of total users is growing rapidly.  The company also has the worlds largest 3d printing business.
  • The company also has very credible plans to expand internationally. The initial efforts in APAC and other markets have been very promising and are another cylinder in this company’s admirable growth engine. 
  • The nature of the product, Invisalign, is converging with flush consumers and other trends that we believe are causing consensus to underestimate the earnings and growth potential of the company.  
  • The company is in the sweet spot of healthcare because it has a product that converges with customer satisfaction, has increasing efficacy, declining costs (as sales of ancillary services increase) and an industry-leading digital platform that’s operational in 60 countries. 

It’s what you wear from ear-to-ear, not from head-to-toe that matters as they sang in Annie. The performance of Align over the last years seems to support this notion as we...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Want to receive Regular Market Updates to your Inbox?

I am your default error :)