There are definitely some concerns that NuVasive (NUVA) management still has to address, but these shares have done alright since my last bullish write-up - rising more than 20% and more than doubling the performance of the broader med-tech space and outperforming Globus (GMED), though not keeping pace with the recent melt-ups of Alphatec (ATEC) or SeaSpine (SPNE).
With some meaningful recent product releases, a value-adding deal, and the upcoming Pulse launch, I believe the company can reverse some of its recent share losses and rebuild some positive sentiment. Undervalued on the basis of cash flow, revenue growth, and margins, I believe these shares should trade into the $70s.
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