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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company is engaged in the production and sale of buses and spare parts in North America. It leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. In addition, the Company sells its electric chassis alongside J.B. Poindexter business unit EAVX, which is the Company's partner, for upfitting into delivery vehicles. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. Its geographic segments include United Stated and Canada. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp. and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Bullboard Posts
Comment by Calgaryrideron May 30, 2017 7:27pm
247 Views
Post# 26303376

RE:RE:CC For anyone who missed it

RE:RE:CC For anyone who missed itBeacon was calling for 30 deliveries in q1 and they got 12, so, even though they're "in the yard", there was a minor delivery miss vs. Expectations.  That was the only negative news, which is relevant because execution is THE ONLY thing that can hold BUS back in light of the fact that they have a solid backlog.

On the plus side (two pluses, actually), they provided guidance that (1) margins will be 33% higher than previously stated (at 20 % vs. 15%) and (2) that Deliveries in 2027 will be even higher than even Beacon thought they would (with 200).  

All in all, with a balanced view (which is what I provide, like it or not), earnings were a wash and this remains a "wait and see" investment with massive upside potential even still for 2017.  If they have any more significant CDN signings or a single Us one, look out.  Again, the only risk is execution.....nothing new.  

Good luck.
Bullboard Posts