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Stock impact report

Spruce Point Capital Management Releases A Strong Sell Research Opinion On Align Technology (NASDAQ: ALGN)

Align Technology, Inc. (ALGN) 
Last align technology, inc. earnings: 4/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.aligntech.com/investor-relations
Company Research Source: PR Newswire
NEW YORK, April 9, 2020 /PRNewswire/ -- Report entitled "A Clear And Visible Short Case" outlines how Align Technology, Inc. ("Align" or "the Company") faces 40%-55% downside risk to approximately $80 - $115 per share. The full contents of the report can be reviewed at www.sprucepointcap.com. Spruce Point believes that the economics of clear aligners are on the precipice of a radical shift – and it has little to do with SmileDirectClub or other direct-to-consumer players. Once considered high-value-added "dental tech," FDA-approved aligners of similar quality to Invisalign, Align's clear aligner product, are now being printed at scale by commodity 3D printing labs, which price their aligners at less than half the cost of Align's. Meanwhile, patent expirations have ushered in under-the-radar developments in aligner design software which are removing the final barriers to the widespread adoption of 3D printers by orthodontists – many of whom are infuriated with Align's aggressive tactic Show less Read more
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