BFLY: Adding Butterfly Network to Investing Ideas (Long Side)

06/25/21 10:31AM EDT

Hedgeye CEO Keith McCullough is adding Butterfly Network (BFLY) to the long side of Investing Ideas. Below is a brief note.

A new idea from Tom Tobin and our Healthcare Research team is Butterfly Network (BFLY).. This a SPAC name that Wall Street hasn’t done the real work on, yet…

It's also corrected toward the low-end of my Risk Range this week on #decelerating volume.

You can get more details on the idea from our Healthcare Pro research product:

Following our call with management earlier today, we are excited to present our Butterfly Network (BFLY) Black Book in the studio on Thursday, June 17th at 10am ET. Over the last few weeks, we have heard great reviews on the many different use cases for the device from a number of physicians in different specialties, the attractive pricing relative to quality of imaging, prevalence in training in nearly 100 US medical schools, and a recently doubled salesforce focused on growing the enterprise sales side of the business. 

Buyem on sale,

KM

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