Stocks on Our Radar: 3D Systems
3D Systems is going on another shopping spree.
The company announced earlier this week that it would offer nearly 6 million additional shares in a secondary offering, raising nearly $317 million "to finance future acquisitions and for working capital and general corporate purposes". In addition to the $300 million of cash on 3D's balance sheet, the company has nearly $600 million available at its disposal.
The 3-D printing industry is growing at an incredibly quick clip, and has attracted several heavy competitors. Rule Breakers analyst Simon Erickson and Stock Advisor analyst Sara Hov discuss what effect "loading the elephant gun" like this will have on 3D Systems' future.
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The article Stocks on Our Radar: 3D Systems originally appeared on Fool.com.Sara Hov owns shares of 3D Systems. Simon Erickson owns shares of 3D Systems. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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