Independent Research, Turtles all the way down

Turtles all the way down

Independent Research

Writing short articles about mis-priced boring stocks around the world.

Equity Bottom-Up

<ul><li>Recently Avrobio (AVRO) announced a reverse merger with Tectonic Therapeutic, which was a bit unexpected.</li><li>And disappointing. From what I have read from people more knowledgeable about biotechs, they have some promising treatments in development with pretty impressive insiders.</li><li>But I have no idea how to value this. Net cash will be &lt;$1/share post merger so I am closing this with a small loss at $1.25.</li></ul>

Recently Avrobio (AVRO) announced a reverse merger with Tectonic Therapeutic, which was a bit unexpected.And disappointing. From what I have read from people more knowledgeable about biotechs, they have some promising treatments in development with pretty impressive insiders.But I have no idea how to value this. Net cash will be &lt;$1/share post merger so I am closing this with a small loss at $1.25.

<ul><li>First of all, happy new year to all my readers! May 2024 bring market beating returns for everyone.</li><li>Again I managed to underperform my blog stock picks by concentrating in the wrong stocks.</li><li>Although I still ended up over 20% for the year, it was disappointing considering I was getting close to 30% in July.</li></ul>

First of all, happy new year to all my readers! May 2024 bring market beating returns for everyone.Again I managed to underperform my blog stock picks by concentrating in the wrong stocks.Although I still ended up over 20% for the year, it was disappointing considering I was getting close to 30% in July.

United States

Avrobio, Inc. operates as a bio-technology company. The Company develops step-change cell and gene therapies for the treatment of cancer and rare disease. Avrobio serves clients in the United States and Canada.

Avrobio Inc (AVRO US)

Some updates

From what I have read from people more knowledgeable about biotechs, they have some promising treatments in development with pretty impressive...

Turtles all the way down

Quick Ideas #6

First of all, happy new year to all my readers! May 2024 bring market beating returns for everyone. Again I managed to underperform my blog stock...

Turtles all the way down