Adam Patinkin, CFA, Managing Partner at David Capital Partners, LLC, joins the podcast to discuss his thesis on Lifecore Biomedical, Inc. (NASDAQ: LFCR), a fully integrated contract development and manufacturing organization (“CDMO”).
For more information about David Capital Partners, please visit: https://davidpartners.com/
Chapters:
[0:00] Introduction + Episode sponsor: Fintool
[2:23] Who is David Capital and why $LFCR is interesting to Adam
[6:16] $LFCR history
[12:55] What is a CDMO (Contract Development and Manufacturing Organization) and how ingrained into the regulatory approval process they are; why these businesses are attractive
[21:47] What is Adam seeing with $LFCR that the market is missing
[24:00] $LFCR business
[30:16] Why this management team will change the trajectory of the company
[38:10] Capacity / concern about the speed to fill capacity
[46:45] Trump regulatory tailwinds / RFK headwind
[53:03] What has kept this company from achieving greatness / risk vs. reward with $LFCR
[1:02:33] Management team incentives
[1:04:41] Conversation about the math (valuation)
[1:10:08] Final thoughts
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