St. Denis J. Villere III, Partner at St. Denis J. Villere & Company, LLC, says 3D Systems Corporation (DDD) is an example of a contrarian holding in his portfolio. He says the 3D marketplace has finally been validated, with 3D Systems maintaining its stance as leader in the industry.
“That was one that we were quite early in. Now I believe that people think Hewlett-Packard (NYSE:HPQ) is coming into the industry, which it is, but 3D still has a dominant share, and competition is good,” Villere said.
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Villere has owned 3D Systems Corporation for over a decade, he says, and in 2014 the stock became contrarian as competition heated up. Villere sees endless applications for 3D printing as people realize manufacturing is going through a revolution.
“The focus is on industrial manufacturing whereby they can make pieces and parts that go inside of things like General Electric (NYSE:GE) engines as well as automakers like BMW (FRA:BMW) and Mercedes Benz, and aerospace like Boeing (NYSE:BA) and companies like that,” Villere said.
“We could see the future in the applications that it could have in terms of really revolutionizing manufacturing. I think with Hewlett-Packard now saying that they are getting into the industry that our whole thesis for all these years has finally been validated. They are going to have a good run for, I think, the next five or 10 years,” Villere added.
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