Buying More Thermage
Weak Quarter & Lower Guidance Aside...
With the market in the toilette again today I stepped up and doubled down on THRM with an average buy price of $5.85. The company was hammered yesterday and again today (down total of %15) due to the weak quarter (only +11% Y/Y revenue) and the reduced forecast for the year. Marco issues probably spooked more people out of the stock today as a consumer led recession hits the headlines. While there are certainly risks to this investment I stand by the Wrinkle Free Nation thesis and will wait years if necessary for it to play out.
