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Actionable news in DDD: 3D SYSTEMS CORP,

3D Systems: Can You Hear The Pin Drop?

Over the last year, one of the worst performing stocks in the market is 3D Systems (NYSE:DDD). The 3D printing name has lost more than three quarters of its value, as the company continues to post poor results and investors worry about the future of the space. Shares have recently fallen to a new yearly low, and management continues to be completely silent. In this article, I detail why I think this stock could see single digits quite soon.

A major reason for this stock's decline late last year was management's overly optimistic guidance. Forecasts kept being cut, so the stock dropped. I'd like to take you back to the company's 2015 first quarter report, where we got the following statement from management regarding 2015:

Given marketplace uncertainties, management believes it is prudent at this time to withdraw the company's previously issued annual guidance for 2015. Management continues to rigorously assess the macroeconomic environment and customer demand and plans to provide an update regarding guidance when management has more clarity that sector conditions have stabilized.

That statement came on May 6th of this year. We are now in October, and there still has not been an update on guidance. Given that the year is more than 75% over, you would think management would have a decent idea of where things stand. In my...