April 19, 2023

Vince Martin on the "Game of Thrones" style proxy fight at $CUTR

56 minutes

Vince Martin, Lead Analyst and Writer at the Overlooked Alpha newsletter, discusses the "Game of Thrones" style proxy fight happening at $CUTR.

For more information about the Overlooked Alpha newsletter, please visit: https://www.overlookedalpha.com/

Chapters:

[0:00] Introduction + Episode sponsor: Stream by Alphasense

[2:06] What is Cutera $CUTR - An Overview

[3:33] Cutera's acne products

[5:44] Sales strategy for acne products and how that panned out

[8:35] Understanding to potential stickiness for AviClear and comparables

[11:13] Proxy fight

[15:21] Dynamics between CEO and Executive Chairman

[21:40] Market response to board's decisions; specifically withdrawing 2023 guidance

[25:00] Unique gamesmanship

[27:44] More on withdrawing guidance; that could've been a tool for the board

[30:50] How two biggest shareholders seem to not support the board's decision to fire the CEO and Executive Chairman

[34:12] Executive Chairman's background; what's his angle and potential reasons for why he wants to become CEO

[37:56] Board of Directors' potential paths to winning

[42:50] How odd this proxy fight really is; as Andrew puts it, very "Game of Thrones"

[46:27] Most likely outcome of the $CUTR proxy fight

[48:03] Does every see a "golden goose" or value destruction?

[51:37] Closing thoughts on $CUTR and valuation

Today's episode is sponsored by: Stream by Alphasense

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