Bullboard - Stock Discussion Forum Vicinity Motor Corp V.VMC

Alternate Symbol(s): VEVMQ

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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... see more

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TSXV:VMC - Post Discussion

Vicinity Motor Corp > $3.50 target price

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Post by 5rockies on Dec 22, 2020 2:58pm

$3.50 target price

By the end of Q2

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Comment by MrAnswers on Dec 22, 2020 3:41pm

So you think they deserve a $300mil market cap based on what? Based on the fact that other than the $40mil sales contract back in February they have sold the odd bus here and there? Based on the fact that even if they could get to an annualized revenue rate of $50 mil, growing at 10% with reasonable margins your $3.50 is based on fluff? Can you please provide some rational reason based on the ...more

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Comment by 5rockies on Dec 22, 2020 3:55pm

Mr.Answers you must be the boy who is shorting the stock across multiple houses. Good to know you worry about the stock.

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Comment by MrAnswers on Dec 22, 2020 4:12pm

Nope. I am long and have been for awhile. Sitting in a position of profit but willing to lose it all as I know this is a gamble. Already taken a good chunk of profit off the table as I have mentioned before. I just take issue with posters throwing out these random target prices, etc. with no actual data to back it up and as a prime example you never answered my question?

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Vicinity Motor Corp