Monday, January 27, 2020

Coronavirus May Drive Extra Attention Toward GenMark, But Adoption Trends Are Critical

It’s at least a little ghoulish to read the reports of the coronavirus outbreak in China and think “how can I profit from this?”, but the reality is that outbreaks like these can be stock drivers. While I think the financial impact to GenMark Diagnostics (GNMK) will be limited, it may drive more investor attention toward the stock and shrink some of the valuation gap I see.

The big challenge for GenMark remains driving sales and profitability of its core ePlex offering. A limited testing menu is definitely a challenge to adoption, and management has not been producing the sort of beat-and-raise guidance you’d like to see, but the Street is not factoring in much chance at of long-term success.

Read more here:
Coronavirus May Drive Extra Attention Toward GenMark, But Adoption Trends Are Critical

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