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Vicinity Motor Corp V.VMC

Alternate Symbol(s):  VEVMQ

Vicinity Motor Corp. is a Canada-based supplier of electric vehicles for both public and commercial enterprise use. The Company leverages a dealer network and close relationships with manufacturing partners to supply its flagship electric, compressed natural gas (CNG) and clean-diesel vicinity buses, as well as the VMC 1200 electric truck to the transit and industrial markets. Its geographic segments include United Stated, and Canada. The Company's various buses and truck models include Vicinity Lightning EV, Vicinity Classic and VMC 1200. The Company’s subsidiaries include Vicinity Motor (Bus) USA Corp., and Vicinity Motor (Bus) Corp.


TSXV:VMC - Post by User

Comment by MrAnswerson Feb 22, 2021 1:27pm
120 Views
Post# 32627527

RE:RE:RE:Something Funky

RE:RE:RE:Something FunkyBased on their track record over the past couple years I would say pretty hard. And they need a deal for a 100 busses just to maintain this share price, at a minimum. Lets say 100 busses gives them $40,000,000 in revenue and we will be generous and assume that generates 10% profit after all expenses so they are currently trading around 75x earnings. In order to command that multiple they need to be growing pretty damn fast so they would actually need to sell 300-400 busses to see this share price move higher. But, this is all based on common sense and fundamentals and many things these days are not valued on either but a hope and a prayer or just smoke and mirrors. 
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