Author Topic: HTL - Hamilton Thorne  (Read 9392 times)

Jurgis

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Re: HTL - Hamilton Thorne
« Reply #30 on: October 27, 2018, 09:34:55 PM »
In theory, one could produce a very high number of “results” with only a few selected based on a subjective set of criteria (physical appearance, ability in sports, music or Warren-Buffett-like ability to invest).

The real CoBF question is: did we get the sperm of Warren and Charlie in time?  8)
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Gregmal

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Re: HTL - Hamilton Thorne
« Reply #31 on: November 20, 2018, 06:57:31 AM »
https://www.apnews.com/010a03a69e1730a743679f4e4d4a03ef

Ho hum earnings. It definitely appears the company has another acquisition target in it's cross-hairs. I'll most likely be adding once the dust settles.

Cigarbutt

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Re: HTL - Hamilton Thorne
« Reply #32 on: November 30, 2018, 05:39:01 AM »
Waiting for the dust to settle and keeping a long term orientation, there are a few key variables that will determine the "addressable" market, among those are the following two:

1-Coverage issue
The employer-sponsored coverage is likely to continue to become more comprehensive and, for the public or quasi-public coverage in the US, we need to continue to have a politics section for our discussions.

2-Another key determinant is the mean maternal age at first birth
A recently released report (figure 3) shows a trend.
Even if families are getting smaller (less babies), the delay before the first child is born remains a very strong indicator for the need to use services such as IVF later on.
https://www.cdc.gov/nchs/products/databriefs/db323.htm
« Last Edit: November 30, 2018, 05:50:49 AM by Cigarbutt »

Gregmal

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Re: HTL - Hamilton Thorne
« Reply #33 on: November 30, 2018, 07:31:55 AM »
Waiting for the dust to settle and keeping a long term orientation, there are a few key variables that will determine the "addressable" market, among those are the following two:

1-Coverage issue
The employer-sponsored coverage is likely to continue to become more comprehensive and, for the public or quasi-public coverage in the US, we need to continue to have a politics section for our discussions.

2-Another key determinant is the mean maternal age at first birth
A recently released report (figure 3) shows a trend.
Even if families are getting smaller (less babies), the delay before the first child is born remains a very strong indicator for the need to use services such as IVF later on.
https://www.cdc.gov/nchs/products/databriefs/db323.htm

Good stuff.

I've been also looking at the branch off's, such as what's been in the news lately with gene editing and as a result, companies like CRSP, EDIT, PTLA. I am not invested in any of those but want to kind of better grasp this space and opportunity. As Mark Cuban once said on Shark Tank to justify a rather unorthodox investment he made, "there's not too many opportunities that walk through those doors where I can make a billion dollars. This is one"... I think the same kind of rationale applies to the above. While unlikely, the potential is truly massive.

Cigarbutt

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Re: HTL - Hamilton Thorne
« Reply #34 on: April 29, 2019, 09:20:59 AM »
The company reported more of the same and building cash in the present situation may correspond to capital discipline.
The assisted reproductive landscape is changing and the US may continue to be the laboratory for various "social" experiments, given the patchy and incomplete regulatory environment.

An example:
https://www.wired.com/story/inside-lucrative-business-donating-human-eggs/

Cigarbutt

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Re: HTL - Hamilton Thorne
« Reply #35 on: May 16, 2019, 07:48:03 AM »
An interesting article about:
1-the potential growth of the fertility clinics (IVF) market
2-consolidating nature of a fragmented industry (site of services delivery and equipment supply)
3-private equity capital involvement
https://www.institutionalinvestor.com/article/b1ff3x6hcl5wbb/This-Venture-Capital-Fund-Wants-to-Get-You-Pregnant

On the topic of paying for growth and the targets that HTL is likely looking at now, interesting to note that premium paid will influence the return on the investment. A few years ago, Sagard Holdings (PE firm related to Power Corporation, eg involved with the purchase of Bauer BK assets with Fairfax) privatized IntegraMed Fertility, a leading consolidator, with an about 92% stake (some of equity shared with clinic owners). The company is private but inference can be made from Power Corporation reports and, last year, it looks like a major write-down (about a third of purchase price in 2012) was taken.
https://www.integramed.com/

I think the baby recession will continue in the conventional "market" but there is room to grow in the alternative and consolidating market.

Gregmal

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writser

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Re: HTL - Hamilton Thorne
« Reply #37 on: August 15, 2019, 09:04:25 AM »
Interesting article in the Economist on the 'fertility business': https://www.economist.com/business/2019/08/08/the-fertility-business-is-booming .
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.