VLDR

Velodyne Lidar Inc

TMT, Industrial/Transportation, SPAC


Presented:01/22/2021
Price:$23.15
Cap:$0.41B
Current Price:$1.26
Cap:$0.30B

Presented

Date01/22/2021
Price$23.15
Market Cap$0.41B
Ent Value$2.34B
P/E RatioN/A
Book Value$1.69
Div Yield0%
Shares O/S17.55M
Ave Daily Vol6,305,867
Short IntN/A

Current

Price$1.26
Market Cap$0.30B
Velodyne Lidar, Inc. is an emerging growth company, which engages in the provision of real-time three dimensional (3D) vision for autonomous systems. It also develops and produces Lidar sensors for use in industrial, 3D mapping, drones and auto applications. The company was founded by David S. Hall and is headquartered in San Jose, CA.

Publicly traded companies mentioned herein: Baidu Inc (BIDU), Ford Motor Co (F), Velodyne Lidar Inc (VLDR)

Highlights

The presenter is short shares of Velodyne Lidar, a company developing and manufacturing LiDAR technology, which recently came public via SPAC IPO on 9/29/20. He believes the company is unlikely to be a winner in the extremely competitive space. Aside from competitive pressures, he notes that Velodyne is losing business with existing customers, and believes that guidance is unrealistic, based on his experience and due diligence around the contracts that many of these companies hold.

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Idea Discussion

Commentor 1 - 2 weeks ago

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