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Hands down, voxeljet (NYSE: VJET ) is the most expensive 3-D printing stock around. At current levels, this industrial 3-D printing company is trading at around 25 times 2014 expected sales -- well above its peers. However, price isn't the only issue with voxeljet.
Recently, the company burned through about $13.7 million, or 20% of its IPO proceeds, to purchase its German headquarters and expand the service center on site. In the year prior, the company spent roughly $400,000 renting the same property. This could be a huge warning sign that management doesn't know how to efficiently deploy capital, which could lead to non-accretive equity raises down the road. As an investor, a management team that doesn't know how to effectively deploy capital is probably best to be avoided.
In the following video, 3-D printing analyst Steve Heller makes a case for why voxeljet shouldn't be part of your portfolio.
A better way to invest in 3-D printing
For the first time since the early days of this country, we're in a position to dominate the global manufacturing landscape thanks to a single, revolutionary technology: 3D printing. Although this sounds like something out of a science fiction novel, the success of 3D printing is already a foregone conclusion to many manufacturers around the world. The trick now is to identify the companies -- and thereby the stocks -- that will prevail in the battle for market share. To see the three companies that are currently positioned to do so, simply download our invaluable free report on the topic by clicking here now.