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Bullboard - Stock Discussion Forum Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEV

Industrials
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... see more

TSXV:VMC - Post Discussion

Vicinity Motor Corp > Food for thought
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Post by MrAnswers on Aug 26, 2021 4:47pm

Food for thought

As of August 12 Lion Electric had a backlog of $280mil in orders, Vicinity backlog is probably no higher than $25mil. LEV has a market cap about 12x higher than vicinity. So, those of you who are saying its cheap I would argue its priced with its peers based on future earnings. Also supports what I have been saying for months that this stock wont go anywhere until they get some decent sales orders in the pipeline...
Comment by Mongoose on Aug 27, 2021 3:47pm
Agreed. As I said in April, any new orders require at least 2 Qs to deliver. So any new orders today will not count for Q3 and Q4 so the revenues will be ugly putting pressure on the SP. I presume their expenditures will also increase during this time to operate an idle factory in the U.S. All in all, not the direction the top line and bottom line should be taking. 
Vicinity Motor Corp