Is Align Know-how (ALGN) A Good Lengthy-Time period Funding?


Polen Capital, an funding administration agency, revealed its “Polen International Progress” fourth quarter 2021 investor letter – a duplicate of which might be downloaded right here. A quarterly gross return of seven.08% was delivered by the fund for the fourth quarter of 2021, versus the MSCI All-Nation World Index (the “Index”)’s return of 6.67% for a similar interval. Spare a while to verify the fund’s prime 5 holdings to have a clue about their prime bets for 2022.

Polen International Progress, in its This fall 2021 investor letter, talked about Align Know-how, Inc. (NASDAQ: ALGN) and mentioned its stance on the agency. Align Know-how, Inc. is a San Jose, California-based orthodontics firm with a $41.5 billion market capitalization. ALGN delivered a -19.90% return because the starting of the yr, whereas its 12-month returns are down by -12.20%. The inventory closed at $526.38 per share on February 16, 2022.

Here’s what Polen International Progress has to say about Align Know-how, Inc. in its This fall 2021 investor letter:

“Throughout the fourth quarter, we added to our positions in Align Applied sciences. We added to Align as a result of we expect the enterprise is performing very properly and is extra fairly valued given our ongoing development expectations. We imagine the enterprise has persistently grown extra sturdy with every passing yr of our possession. CEO Joe Hogan has centered efforts, manpower, and capital into moat strengthening initiatives. They’ve persistently innovated, efficiently expanded their world manufacturing footprint, enhanced advertising and marketing by way of a number of channels world wide, and used Synthetic Intelligence to shorten the remedy planning course of to focus on just a few successes.

These initiatives have aided in rising returns to scale because the enterprise has expanded. For instance, in the course of the 19 years from Align’s creation to 2016, the corporate compounded income development at a charge of 23%. From 2016 to immediately, that annualized income development has accelerated to 29%. The enterprise’ fundamentals proceed to strengthen whereas the addressable market continues to be solely 10% penetrated. We count on many extra years of compounding from the corporate and imagine it’s buying and selling for a good worth immediately.”

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Braces, Enamel, Couple, Chuckle, Completely satisfied

Picture by Karlo Tottoc on Unsplash

Our calculations present that Align Know-how, Inc. (NASDAQ: ALGN) didn’t receive a mark on our listing of the 30 Most Widespread Shares Amongst Hedge Funds. ALGN was in 49 hedge fund portfolios on the finish of the third quarter of 2021, in comparison with 57 funds within the earlier quarter. Align Know-how, Inc. (NASDAQ: ALGN) delivered a -23.97% return previously 3 months.

In March 2021, we additionally shared one other hedge fund’s views on ALGN in one other article. You will discover different letters from hedge funds and distinguished traders on our hedge fund investor letters 2021 This fall web page.

Disclosure: None. This text is initially revealed at Insider Monkey.