Ugly Betty might wear those ugly metal braces but thanks to Align Technology (ALGN) no one else will have to. The company makes Invisalign, a series of clear dental appliances making the term “brace-face” an expression of the past. And -- apparently, Invisalign not only moves teeth – it moves stock. Shares of Align have skyrocketed over the last 52 weeks – no wonder CEO Thomas Prescott is smiling.
Align Technology (ALGN) Chief Executive Thomas Prescott joins the guys for this conversation.
What’s driving the business?
“We think we can capitalize on the lifestyle trends of (baby boomers),” says Prescott. “We provide patients with a great opportunity to improve their smile… and we help orthodontists and dentists increase their practices.”
The stock is up 66% on the year – what are the prospects going forward?
“We think we have enormous untapped markets, ” Prescott says. “ The progress of the stock price is a function of a turnaround, acceleration and return to significant profitability and we believe unit growth will continue, strongly.”
He adds, “The international story (will be) the whole next leg of growth.
Dylan asks the guys what they think of the stock?
Eric Bolling likes ALGN and DENTSPLY International (XRAY) because he sees increasing demand.
Guy Adami chimes in that he, too likes the stock because they’re getting into in London.
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Trader disclosure: On June 1, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (AAPL), (DNDN), (HOT), (MAR), (ONXX); Bolling Owns (ICE), (DIS), (T), (NMX), Sugar, Natural Gas Futures, Bolling Has Closed Out Of His Coffee Trade: CNBC Is A Service Of NBC Universal And Dow Jones