Cryoport: A Levered Refrigerator Manufacturer Trading At A Tech Multiple, $10 Price Target (NASDAQ:CYRX)

I have written on Cryoport (NASDAQ:CYRX) before, highlighting the total lack of a moat in the base business. Since that report the company has made two acquisitions, in competitive deals, that show the multiple is massively out of whack with what other buyers are willing to pay. In addition the sell side has run the stock up on the theory that CYRX will be a beneficiary of the COVID 19 vaccine distribution effort. This narrative is without merit, Pfizer (PFE) and the CDC have completely discredited the Sellside analysts interpretation here.

Below I will highlight that CYRX has morphed from an oddball ultra cold storage shipping service into a leveraged appliance manufacturer. The upside risk of vaccine distribution is extremely low, and that the likely outcome is that shareholders wake up next year with the realization that they own an appliance company trading at ~92x EBITDA. The downside scenario is

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Bronx-Based Elevator Manufacturer Creates New Technology to Fight COVID-19 and Prevent Other Pathogenic Spread in Elevators – Sterilyft

NEW YORK, Oct. 2, 2020 /PRNewswire/ — CEC Elevator Cab Corp. officially announced its latest innovative contribution to the elevator manufacturing business: Sterilyft (https://www.sterilyft.com/). Sterilyft is a completely unique elevator air filtration and sterilization system made in America to fight the current pandemic, and prevent future pathogenic spread. Sterilyft uses the germicidal power of UV-C light to kill pathogens, double MERV 13 filtering and then adding purified air back into the elevator cab space in a closed loop arrangement. CEC Elevator Cab Corp. manufactures Sterilyft in its Bronx-based facility, and has already installed the system in seven different states across the U.S., with plans to fill recent orders across the globe.

“We’re very proud to announce the Sterilyft system. It’s absolutely the latest in pathogenic-fighting technology for the elevator cab space,” said Nick Gretsuk, Executive Vice President at CEC Elevator Cab Corp. “The only way we’re going

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Garmin again named Manufacturer of the Year by the National Marine Electronics Association

OLATHE, Kan.–(BUSINESS WIRE)–Sep 29, 2020–

Garmin ® International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer 1, today announced that it was named Manufacturer of the Year for the sixth consecutive year by members of the National Marine Electronics Association (NMEA) at its annual business meeting and awards presentation held virtually on Sept. 26. The coveted Manufacturer of the Year honor is given to the most recognized company in the marine electronics industry for excellence in product service and support in the field.

Garmin was also awarded four NMEA Product of Excellence awards in the multi-function display (MFD), autopilot, multi-media entertainment and mobile application—utility categories. These awards are voted on by professional NMEA dealers who specialize in installing marine electronics, qualified NMEA technicians and fellow marine electronics manufacturers.

“It’s a true honor to be the NMEA Manufacturer of the Year for six years running,” said

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Global Encryptor Market 2020 Manufacturer Analysis, Technology Advancements, Industry Scope and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 27, 2020 (CDN Newswire via Comtex) —
The research report titled Global Encryptor Market 2020 by Company, Type and Application, Forecast to 2025 is an exclusive and in-depth study that delivers a comprehensive view of the market includes the current trend and prospects of the market with respect to the products/services. The report is prepared to offer an analysis of the current trends, a financial overview of the industry, historical data evaluation, and complete market dynamics. Both the growth and the decline of the global Encryptor market are described in the report. The report gives an overview of the market’s segmentation by components, end-user, and region through in-depth traction analysis of the overall industry.

The report evaluates the key vendors functioning in the market with their relevant products/services to understand the positioning of the major players

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Global Cloud Computing in K-12 Market 2020 Manufacturer Analysis, Technology Advancements, Industry Scope and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 22, 2020 (CDN Newswire via Comtex) —
Global Cloud Computing in K-12 Market 2020 by Company, Regions, Type and Application, Forecast to 2025 is the most important research that contains an inside-out and expert examination of the market. The report covers sheds light on old and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendors’ information. The report also puts forward insights into the market size, crucial markers, review, as well as the most recent net edge, income, types, patterns, along with provincial figures and examination. The expert team of researchers throws light on various static as well as dynamic aspects of the global Cloud Computing in K-12 market. The report sorts the global market by the end client, type, area, and top players/brands. The leading performers of

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