post_id
string | comment_id
string | comment
string | comment_score
float64 | comment_author
string | comment_created_utc
float64 | post_title
string | post_text
string | post_score
float64 | post_author
string | post_created_utc
float64 | company
string | subreddit
string | post_url
string |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
linvez
|
gn571so
|
I’m in SBE after announcement but was in snpr before announcement. Im keeping both because together they capture what appears to be majority of the ev charging market.
Here’s how I see them:
SBE/ChargePoint
-makes money from sale and maintenance of equipment and cloud fleet management platform subscription
-facility owner pays and handles the construction
-target market: malls, offices, and electrified fleets (motor pools, possible truck fleets, etc)
-key here is SBE is for those who seek the utility of ev charging
Snpr/Volta
-check this video out, very informative: https://youtu.be/9H5NGZD6yAg
-Volta pays for the construction and operation of the ev chargers. Construction permits appear to be the biggest headache in ev charger growth.
-from that video, the charging hardware is bought. But they make the enclosure and everything else in it.
-target market: retailers where Volta can be a differentiator in consumer behavior and customer loyalty with the retailer.
-Beyond the utility of ev charging (selling electrons), they want to add value by influencing consumer behavior. It appears that since Volta pitches to groceries/malls, there’s some amount of integration between Volta and the retailers. In the the video, I’m thinking they can calculate how much additional in sales Volta provides
-Volta also does analytics, joined from different sources. It’s shares with utilities (I’m assuming it’s a paid service) to help plan capacity.
| 14 |
jdq39
| 1,613,193,893 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn5a99k
|
Why price is too low comparing to other spac ie similar fields
| 6 |
Kotaibaw
| 1,613,196,197 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn4i94a
|
Baillie Gifford has committed to buy SBE after merger and they are the most influential and legendary fund on my side of the pond.
| 5 |
Lonelynx17
| 1,613,179,311 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn50xtv
|
I’ve been looking at SNPR more lately but I still have high hopes for TPGY. better off to swap over ? I’m doing LEAPs currently
| 5 |
SenorLopez
| 1,613,189,981 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gnl9jr7
|
Some questions/challenges that I'd love to see refuted:
\- sbe has several hundred thousand chargers. Snpr has 1500. Let's be absolutely honest here: real estate is the true game. Scaling 100x in 2 years is not trivial. Do we expect them to do well outside the super high net worth San Francisco/NYC coastal areas?
\- agree free charging+advertising business model is attractive given they can already generate strong revenues and positive EBITDA given so little charging stations. But what's stopping competition from copy pasting LCD screens on their chargeposts and changing or hybridizing their business model? Billboard screens are hardly high moat, and as stated above, largely a real estate game. Competitors with more posts in more locations would easily gather more advertising premium.
Not trying to be a detractor for sake of it. But want to understand how a startup with 1500 piles in a market with competion having 100ks of piles can stand a serious chance here. Yes, Volta is 1/6 the valuation of SBE. It's also 1/100 operationally. And importantly: all revenues mentioned in Volta are FORECASTS not actuals. Execution is very overstated here.
| 5 |
bibibabibu
| 1,613,433,847 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn4arpo
|
My money’s on CLII over both. They have the fastest charging, and time is money
| 7 |
Funguyguy
| 1,613,175,194 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn4puvi
|
I really like the model of Volta. EV really is the future of the roads. People think we are in an EV bubble but I do not think that is the case. EV IS THE FUTURE. Biden wants to electrify the public sector and the private sector will do the same. There will be room for multiple competitors.
Volta is unique. Commerce and Data will make almost half of the REV in the future. We all know how valuable Data is.
Have April 10C which I will probably exercise.
| 8 |
Kiwirunna
| 1,613,183,519 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
li0zbh
|
gn0g9i4
|
Nice DD as always. You get these out fast 🔥
| 7 |
thetagangnam
| 1,613,095,425 |
More than just beef jerky - The company that Stryve(s) to be on the top!
| ERROR: type should be string, got "https://preview.redd.it/87ptj9x3cyg61.png?width=1437&format=png&auto=webp&s=b3c598ddc29b9f77007c4d7dd5ac9454c6047c61\n\nhttps://preview.redd.it/t2s2r4mtcyg61.png?width=1428&format=png&auto=webp&s=371240e37df3fc1705f0f12c21d65efa5cd72282\n\nStryve Foods is an emerging healthy snacking platform focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories. While they do have plans to branch out to other snack categories, their main focus is to sell beef jerky that is high in protein, no sugar, no addictive,no preservatives and no bullshit. Snacking has slowly become the way of life with 49% of the people admit to snack at least 3 times a day. With a high demand of people wishing for healthier options, innovators like Stryve foods have been disrupting the traditional snacking market by creating a healthier and well balanced way of snacking for consumers. Stryve jerky poses a good position by coming up on the top as the healthiest option in the meat snacks market that is projected to grow to $11.6 Billion by 2026 in the US. With its being high on protein, Stryve jerky sets itself up as a good option for people that are health conscious specifically toward people who work out or on a keto diet.\n\n​\n\nhttps://preview.redd.it/eo5o8ysycyg61.png?width=1423&format=png&auto=webp&s=8ec6498694cd2994e8a8a113cc6dc2f3379d0ee8\n\nStryve foods has the perfect set up for success and an exponential growth by having solid product penetration and a product that is widely accepted by the consumers. With the product launch on Amazon in 2019, Stryve has achieved an incredible sale growth by dominating 3% share of meat snacks on Amazon and is the #10 meat snack on Amazon. Stryve was able to increase volume growth by 33% and drive in almost $2Million dollars in sales in 2020 along with a 40% repeat rate. Stryve was also able to increase the number of repeat customers by utilizing a data driven approach to grow the ecommerce space with specific consumer segmentation and messaging tailored for each audience. In 2020, Stryve saw an 18,800% increase in DTC revenues as a result of its approach on its own site.\n\n​\n\nhttps://preview.redd.it/gf87rn71dyg61.png?width=1430&format=png&auto=webp&s=b7e21b71500c2a74c8326ba69e49677eb3f7fffc\n\nWhile Stryve has also already partnered with various reputable retailers, they are still on the mission to expand their reach by increasing their partnership in 2021. With a quick glance of their partners of choice, it is clear that Strvye has a strong understanding of their targeted market as the partnerships are with major retail stores, gas stations and stores that focus on healthy choices where people are likely to buy jerky.\n\n​\n\nhttps://preview.redd.it/oxz33b24dyg61.png?width=1437&format=png&auto=webp&s=368d09a4d6ea17754c76d384815ac2e4f647778c\n\nStryve is projected to grow its revenue by 183% by the end of the year from $18 Million to $51 Million while increasing its margin from 28% to 46%. A 103.5% CAGR growth over the years and hoping to become profitable by the end of the year. While the projection may seem a bit out of touch, the growth rate might be easily attainable and here is why:\n\n​\n\nhttps://preview.redd.it/u26ookt5dyg61.png?width=1426&format=png&auto=webp&s=4a42e3369b80c8d1fb30197715ddd4a12686f56d\n\nThe graph shows the breakdown down of growth from its projection for 2021 with:\n\n* New product line up\n* New distribution\n* New private label\n* Organic e-commerce growth\n* Organic product growth\n\n​\n\nhttps://preview.redd.it/wpwc1t49dyg61.png?width=1426&format=png&auto=webp&s=450cbe594bc018febfd2cc1ed26346099181af3a\n\nSince Stryve is still in its early stage of expansion and penetration, there is still a lot of room for it to grow. With a full penetration index at 5, current product penetration across major stores suggests that there is a lot of room for Stryve to grow. This also does not factor in the companies in which it will work with in 2021. The growth potential here is actually limitless.\n\n​\n\nhttps://preview.redd.it/di5417mbdyg61.png?width=1440&format=png&auto=webp&s=6dc1f18c4ecb508e9138cec46084b6647035fb56\n\nhttps://preview.redd.it/utotm7redyg61.png?width=1425&format=png&auto=webp&s=5cf0e2de8061a675dac0fb40f77d58b5f2a3e9c5\n\nOn top of the projection, Stryve also provides a lucrative valuation with a lot of room to run compared to the peers. With its projected growth significantly higher than most competitors and a multiplier way below any other competitors, Stryve has the perfect set up for explosive stock price like the one of CELH and VERY during their massive expansion phase. If Stryve is able to hits the target revenue for 2021, the revenue alone will be close to half of its current market cap.\n\nWhile most of us will be reluctant to invest in a food companies, companies that take the initiative to create and to innovate a healthier options in the current market are heavily awarded in the market. Don't believe me? Just look at the stock movement of CELH, TTCF and VERY during their mass expansion.\n\n​\n\nhttps://preview.redd.it/o76fgw2kdyg61.png?width=968&format=png&auto=webp&s=89755d396f1fd81e2fb5c76793ccf67561ffd8c4\n\nhttps://preview.redd.it/rv04afcndyg61.png?width=975&format=png&auto=webp&s=f314fcf4541c13a85064839c6fba8829d0648115\n\nTICKER IS ANDA\n\nDisclosure: currently holing 1000 commons will add 5000 warrants. " | 28 |
BoomerStocksOnly
| 1,613,095,286 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/li0zbh/more_than_just_beef_jerky_the_company_that/
|
li0zbh
|
gn0x8bo
|
Not dd but I just had my first package of this stuff this week, it’s really delicious. Qualifications: I’ve been a beef jerky eater my whole life.
| 5 |
tetaGangFTW
| 1,613,104,662 |
More than just beef jerky - The company that Stryve(s) to be on the top!
| ERROR: type should be string, got "https://preview.redd.it/87ptj9x3cyg61.png?width=1437&format=png&auto=webp&s=b3c598ddc29b9f77007c4d7dd5ac9454c6047c61\n\nhttps://preview.redd.it/t2s2r4mtcyg61.png?width=1428&format=png&auto=webp&s=371240e37df3fc1705f0f12c21d65efa5cd72282\n\nStryve Foods is an emerging healthy snacking platform focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories. While they do have plans to branch out to other snack categories, their main focus is to sell beef jerky that is high in protein, no sugar, no addictive,no preservatives and no bullshit. Snacking has slowly become the way of life with 49% of the people admit to snack at least 3 times a day. With a high demand of people wishing for healthier options, innovators like Stryve foods have been disrupting the traditional snacking market by creating a healthier and well balanced way of snacking for consumers. Stryve jerky poses a good position by coming up on the top as the healthiest option in the meat snacks market that is projected to grow to $11.6 Billion by 2026 in the US. With its being high on protein, Stryve jerky sets itself up as a good option for people that are health conscious specifically toward people who work out or on a keto diet.\n\n​\n\nhttps://preview.redd.it/eo5o8ysycyg61.png?width=1423&format=png&auto=webp&s=8ec6498694cd2994e8a8a113cc6dc2f3379d0ee8\n\nStryve foods has the perfect set up for success and an exponential growth by having solid product penetration and a product that is widely accepted by the consumers. With the product launch on Amazon in 2019, Stryve has achieved an incredible sale growth by dominating 3% share of meat snacks on Amazon and is the #10 meat snack on Amazon. Stryve was able to increase volume growth by 33% and drive in almost $2Million dollars in sales in 2020 along with a 40% repeat rate. Stryve was also able to increase the number of repeat customers by utilizing a data driven approach to grow the ecommerce space with specific consumer segmentation and messaging tailored for each audience. In 2020, Stryve saw an 18,800% increase in DTC revenues as a result of its approach on its own site.\n\n​\n\nhttps://preview.redd.it/gf87rn71dyg61.png?width=1430&format=png&auto=webp&s=b7e21b71500c2a74c8326ba69e49677eb3f7fffc\n\nWhile Stryve has also already partnered with various reputable retailers, they are still on the mission to expand their reach by increasing their partnership in 2021. With a quick glance of their partners of choice, it is clear that Strvye has a strong understanding of their targeted market as the partnerships are with major retail stores, gas stations and stores that focus on healthy choices where people are likely to buy jerky.\n\n​\n\nhttps://preview.redd.it/oxz33b24dyg61.png?width=1437&format=png&auto=webp&s=368d09a4d6ea17754c76d384815ac2e4f647778c\n\nStryve is projected to grow its revenue by 183% by the end of the year from $18 Million to $51 Million while increasing its margin from 28% to 46%. A 103.5% CAGR growth over the years and hoping to become profitable by the end of the year. While the projection may seem a bit out of touch, the growth rate might be easily attainable and here is why:\n\n​\n\nhttps://preview.redd.it/u26ookt5dyg61.png?width=1426&format=png&auto=webp&s=4a42e3369b80c8d1fb30197715ddd4a12686f56d\n\nThe graph shows the breakdown down of growth from its projection for 2021 with:\n\n* New product line up\n* New distribution\n* New private label\n* Organic e-commerce growth\n* Organic product growth\n\n​\n\nhttps://preview.redd.it/wpwc1t49dyg61.png?width=1426&format=png&auto=webp&s=450cbe594bc018febfd2cc1ed26346099181af3a\n\nSince Stryve is still in its early stage of expansion and penetration, there is still a lot of room for it to grow. With a full penetration index at 5, current product penetration across major stores suggests that there is a lot of room for Stryve to grow. This also does not factor in the companies in which it will work with in 2021. The growth potential here is actually limitless.\n\n​\n\nhttps://preview.redd.it/di5417mbdyg61.png?width=1440&format=png&auto=webp&s=6dc1f18c4ecb508e9138cec46084b6647035fb56\n\nhttps://preview.redd.it/utotm7redyg61.png?width=1425&format=png&auto=webp&s=5cf0e2de8061a675dac0fb40f77d58b5f2a3e9c5\n\nOn top of the projection, Stryve also provides a lucrative valuation with a lot of room to run compared to the peers. With its projected growth significantly higher than most competitors and a multiplier way below any other competitors, Stryve has the perfect set up for explosive stock price like the one of CELH and VERY during their massive expansion phase. If Stryve is able to hits the target revenue for 2021, the revenue alone will be close to half of its current market cap.\n\nWhile most of us will be reluctant to invest in a food companies, companies that take the initiative to create and to innovate a healthier options in the current market are heavily awarded in the market. Don't believe me? Just look at the stock movement of CELH, TTCF and VERY during their mass expansion.\n\n​\n\nhttps://preview.redd.it/o76fgw2kdyg61.png?width=968&format=png&auto=webp&s=89755d396f1fd81e2fb5c76793ccf67561ffd8c4\n\nhttps://preview.redd.it/rv04afcndyg61.png?width=975&format=png&auto=webp&s=f314fcf4541c13a85064839c6fba8829d0648115\n\nTICKER IS ANDA\n\nDisclosure: currently holing 1000 commons will add 5000 warrants. " | 28 |
BoomerStocksOnly
| 1,613,095,286 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/li0zbh/more_than_just_beef_jerky_the_company_that/
|
li0zbh
|
gn0kx6p
|
I'm in. Utz has done awesome, this will as well. What's the Spac, I skimmed.
| 5 |
lsucadien
| 1,613,097,890 |
More than just beef jerky - The company that Stryve(s) to be on the top!
| ERROR: type should be string, got "https://preview.redd.it/87ptj9x3cyg61.png?width=1437&format=png&auto=webp&s=b3c598ddc29b9f77007c4d7dd5ac9454c6047c61\n\nhttps://preview.redd.it/t2s2r4mtcyg61.png?width=1428&format=png&auto=webp&s=371240e37df3fc1705f0f12c21d65efa5cd72282\n\nStryve Foods is an emerging healthy snacking platform focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories. While they do have plans to branch out to other snack categories, their main focus is to sell beef jerky that is high in protein, no sugar, no addictive,no preservatives and no bullshit. Snacking has slowly become the way of life with 49% of the people admit to snack at least 3 times a day. With a high demand of people wishing for healthier options, innovators like Stryve foods have been disrupting the traditional snacking market by creating a healthier and well balanced way of snacking for consumers. Stryve jerky poses a good position by coming up on the top as the healthiest option in the meat snacks market that is projected to grow to $11.6 Billion by 2026 in the US. With its being high on protein, Stryve jerky sets itself up as a good option for people that are health conscious specifically toward people who work out or on a keto diet.\n\n​\n\nhttps://preview.redd.it/eo5o8ysycyg61.png?width=1423&format=png&auto=webp&s=8ec6498694cd2994e8a8a113cc6dc2f3379d0ee8\n\nStryve foods has the perfect set up for success and an exponential growth by having solid product penetration and a product that is widely accepted by the consumers. With the product launch on Amazon in 2019, Stryve has achieved an incredible sale growth by dominating 3% share of meat snacks on Amazon and is the #10 meat snack on Amazon. Stryve was able to increase volume growth by 33% and drive in almost $2Million dollars in sales in 2020 along with a 40% repeat rate. Stryve was also able to increase the number of repeat customers by utilizing a data driven approach to grow the ecommerce space with specific consumer segmentation and messaging tailored for each audience. In 2020, Stryve saw an 18,800% increase in DTC revenues as a result of its approach on its own site.\n\n​\n\nhttps://preview.redd.it/gf87rn71dyg61.png?width=1430&format=png&auto=webp&s=b7e21b71500c2a74c8326ba69e49677eb3f7fffc\n\nWhile Stryve has also already partnered with various reputable retailers, they are still on the mission to expand their reach by increasing their partnership in 2021. With a quick glance of their partners of choice, it is clear that Strvye has a strong understanding of their targeted market as the partnerships are with major retail stores, gas stations and stores that focus on healthy choices where people are likely to buy jerky.\n\n​\n\nhttps://preview.redd.it/oxz33b24dyg61.png?width=1437&format=png&auto=webp&s=368d09a4d6ea17754c76d384815ac2e4f647778c\n\nStryve is projected to grow its revenue by 183% by the end of the year from $18 Million to $51 Million while increasing its margin from 28% to 46%. A 103.5% CAGR growth over the years and hoping to become profitable by the end of the year. While the projection may seem a bit out of touch, the growth rate might be easily attainable and here is why:\n\n​\n\nhttps://preview.redd.it/u26ookt5dyg61.png?width=1426&format=png&auto=webp&s=4a42e3369b80c8d1fb30197715ddd4a12686f56d\n\nThe graph shows the breakdown down of growth from its projection for 2021 with:\n\n* New product line up\n* New distribution\n* New private label\n* Organic e-commerce growth\n* Organic product growth\n\n​\n\nhttps://preview.redd.it/wpwc1t49dyg61.png?width=1426&format=png&auto=webp&s=450cbe594bc018febfd2cc1ed26346099181af3a\n\nSince Stryve is still in its early stage of expansion and penetration, there is still a lot of room for it to grow. With a full penetration index at 5, current product penetration across major stores suggests that there is a lot of room for Stryve to grow. This also does not factor in the companies in which it will work with in 2021. The growth potential here is actually limitless.\n\n​\n\nhttps://preview.redd.it/di5417mbdyg61.png?width=1440&format=png&auto=webp&s=6dc1f18c4ecb508e9138cec46084b6647035fb56\n\nhttps://preview.redd.it/utotm7redyg61.png?width=1425&format=png&auto=webp&s=5cf0e2de8061a675dac0fb40f77d58b5f2a3e9c5\n\nOn top of the projection, Stryve also provides a lucrative valuation with a lot of room to run compared to the peers. With its projected growth significantly higher than most competitors and a multiplier way below any other competitors, Stryve has the perfect set up for explosive stock price like the one of CELH and VERY during their massive expansion phase. If Stryve is able to hits the target revenue for 2021, the revenue alone will be close to half of its current market cap.\n\nWhile most of us will be reluctant to invest in a food companies, companies that take the initiative to create and to innovate a healthier options in the current market are heavily awarded in the market. Don't believe me? Just look at the stock movement of CELH, TTCF and VERY during their mass expansion.\n\n​\n\nhttps://preview.redd.it/o76fgw2kdyg61.png?width=968&format=png&auto=webp&s=89755d396f1fd81e2fb5c76793ccf67561ffd8c4\n\nhttps://preview.redd.it/rv04afcndyg61.png?width=975&format=png&auto=webp&s=f314fcf4541c13a85064839c6fba8829d0648115\n\nTICKER IS ANDA\n\nDisclosure: currently holing 1000 commons will add 5000 warrants. " | 28 |
BoomerStocksOnly
| 1,613,095,286 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/li0zbh/more_than_just_beef_jerky_the_company_that/
|
lebza7
|
gmbaxg2
|
Yeah basically the exclusive deal with ebay in greater china was a big piece of news for me pre DA.
| 26 |
lunchbox_popshuv
| 1,612,661,164 |
Payoneer (FTOC) part 1: How to Sustain Success in China
|
Source: https://mingclee.medium.com/payoneer-how-to-sustain-its-success-in-the-super-competitive-chinese-market-9b7eda21cf35
This is quite a balanced article, it writes about the pros and cons of Payoneer in China.
Note that the article’s title implies that, currently Payoneer is already a success in China, but it needs to continue “sustaining” it.
Also note that in the article, PayPal is not even being considered as a main competitor to Payoneer in China, their fees are probably too high to be considered competitive (for platforms and marketplaces).
Essentially, it seems that Payoneer has already “defeated” PayPal in China, but there are newcomers that could threaten Payoneer’s superiority (probably hence why Payoneer needs to raise cash via FTOC to grow/consolidate).
China is a big source of sellers even in the USA, Chinese sellers accounts for ~50% of top 10,000 sellers on Amazon USA.
“The opportunities are abundant as we are in the beginning stage of the cross border payment revolution.” There is much room for Payoneer to grow in China alone. (Note that Payoneer is also present in 200 other countries.)🚀🚀🚀
Key takeaways:
Payoneer, a fintech with rare successful China entry is facing challenges from new comers (not PayPal).
Payoneer should put in more resources into its China operation and connect its global resources to create more value added services and moats.
*The exciting cross border payment disruption is just started.*
This is just the beginning!
| 101 |
ethereum88
| 1,612,660,967 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lebza7/payoneer_ftoc_part_1_how_to_sustain_success_in/
|
lebza7
|
gmbnbo3
|
Really hoping for some good movement. Holding May calls.
| 16 |
LucidSkyDiamonds
| 1,612,664,897 |
Payoneer (FTOC) part 1: How to Sustain Success in China
|
Source: https://mingclee.medium.com/payoneer-how-to-sustain-its-success-in-the-super-competitive-chinese-market-9b7eda21cf35
This is quite a balanced article, it writes about the pros and cons of Payoneer in China.
Note that the article’s title implies that, currently Payoneer is already a success in China, but it needs to continue “sustaining” it.
Also note that in the article, PayPal is not even being considered as a main competitor to Payoneer in China, their fees are probably too high to be considered competitive (for platforms and marketplaces).
Essentially, it seems that Payoneer has already “defeated” PayPal in China, but there are newcomers that could threaten Payoneer’s superiority (probably hence why Payoneer needs to raise cash via FTOC to grow/consolidate).
China is a big source of sellers even in the USA, Chinese sellers accounts for ~50% of top 10,000 sellers on Amazon USA.
“The opportunities are abundant as we are in the beginning stage of the cross border payment revolution.” There is much room for Payoneer to grow in China alone. (Note that Payoneer is also present in 200 other countries.)🚀🚀🚀
Key takeaways:
Payoneer, a fintech with rare successful China entry is facing challenges from new comers (not PayPal).
Payoneer should put in more resources into its China operation and connect its global resources to create more value added services and moats.
*The exciting cross border payment disruption is just started.*
This is just the beginning!
| 101 |
ethereum88
| 1,612,660,967 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lebza7/payoneer_ftoc_part_1_how_to_sustain_success_in/
|
lebza7
|
gmcltln
|
Thanks for flagging this. The fact that Payoneer is beating PayPal in China is definitely a positive. What gives me pause is why. PayPal pulled out of India because the economics didn't work. My concern is everything is race to the bottom in terms of price in China, which will impact margins. However, the fact that Payoneer offers sellers outside China access is definitely a key.
Please see my detail Payoneer write-up [here](https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/?utm_source=share&utm_medium=web2x&context=3).
| 16 |
sorengard123
| 1,612,676,619 |
Payoneer (FTOC) part 1: How to Sustain Success in China
|
Source: https://mingclee.medium.com/payoneer-how-to-sustain-its-success-in-the-super-competitive-chinese-market-9b7eda21cf35
This is quite a balanced article, it writes about the pros and cons of Payoneer in China.
Note that the article’s title implies that, currently Payoneer is already a success in China, but it needs to continue “sustaining” it.
Also note that in the article, PayPal is not even being considered as a main competitor to Payoneer in China, their fees are probably too high to be considered competitive (for platforms and marketplaces).
Essentially, it seems that Payoneer has already “defeated” PayPal in China, but there are newcomers that could threaten Payoneer’s superiority (probably hence why Payoneer needs to raise cash via FTOC to grow/consolidate).
China is a big source of sellers even in the USA, Chinese sellers accounts for ~50% of top 10,000 sellers on Amazon USA.
“The opportunities are abundant as we are in the beginning stage of the cross border payment revolution.” There is much room for Payoneer to grow in China alone. (Note that Payoneer is also present in 200 other countries.)🚀🚀🚀
Key takeaways:
Payoneer, a fintech with rare successful China entry is facing challenges from new comers (not PayPal).
Payoneer should put in more resources into its China operation and connect its global resources to create more value added services and moats.
*The exciting cross border payment disruption is just started.*
This is just the beginning!
| 101 |
ethereum88
| 1,612,660,967 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lebza7/payoneer_ftoc_part_1_how_to_sustain_success_in/
|
lcn56t
|
gm0sy83
|
AirBnB is also one of their clients. Good write up, thanks.
| 108 |
md324
| 1,612,465,511 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm1926z
|
Just bought another load of shares. Just like me this spac is a grower and not a shower.
| 25 |
harold222
| 1,612,471,990 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm10xqj
|
The price action on this makes no sense. It's trading lower than before the DA came out.
| 49 |
a7723vipa
| 1,612,468,725 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm2bd74
|
As someone who works in e-commerce, payoneer is massively popular as a payment platform. It’s niche is as an alternative to traditional wire payments through a banking institution. Mostly to send money to Chinese manufacturers/suppliers and freight forwarders. They excel at currency conversions with good rates and I know many many international e-commerce sellers that use payoneer as a bank account as well. Payoneer and transfer wise are the two big players in that arena.
| 14 |
jb8706
| 1,612,489,056 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm2ixsr
|
I am a bit surprised about the lack of excitement with a FinTech / payments company that actually generates revenue and is breakeven. I'm guessing it's because when you don't have revenue, you can really just make up anything for your projections
| 11 |
ArtanisHero
| 1,612,492,603 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm1swgu
|
Interesting to note, something I read on reddit, was that EBAY china was no longer using PayPal as their preferred payment service, and they were forcing their vendors to switch to payoneer sometime in March.
The person linked a Chinese website as proof, but I couldn't read it. Couldn't validate but seems like it could be a big potential catalyst for them
| 8 |
nephneph27
| 1,612,480,362 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm1cq7m
|
I love the DD in this post I'm in on warrants and may 10C which were only a ~0.5 premium. Look at their client list I'm super bullish on payoneer.
| 7 |
vince-anity
| 1,612,473,453 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm3mair
|
My experience with Payoneer:
I live in Europe and get paid in different currencies, so good exchange rates and transfer fees are very important. I've used Payoneer for freelance work on Upwork and Fiverr, and it's way better than using Paypal. It has low fees, good exchange rates, fast transfer times to my local bank with low fees, their own credit card linked to your account, great customer service, and the only downside I have come across is that their website could need an upgrade as it feels a bit outdated. I try to avoid Paypal as much as possible because their exchange rates are extremely bad and customer service a bit slow.
| 7 |
sanderwes
| 1,612,519,265 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gm2819p
|
Israel's former chief economist of the Ministry of Finance Yoel Naveh has joined Israel-based online payment company Payoneer in 2019. Payoneer seems one of the major tech companies in Israel, even attracting a former chief economist to join it.
The Israel connection could be very important, many American billionaires/millionaires have connections to Israel. Just look at the number of Cohens in the recent news: Ryan Cohen, Steve Cohen, Betsy Cohen. Even Gabriel Plotkin (Melvin Capital) does Israel charity at the “Chabad Israel Center”.
Payoneer could easily become very big due to its Israel connections, coupled with its increased branding after being listed.
| 5 |
ethereum88
| 1,612,487,481 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lcn56t
|
gmlcjzn
|
Payoneer has been exceptional at securing spots as the preferred marketplace payment platform for large e-marketplaces (both US and worldwide). Someone mentioned Ebay China in the comments, but also Amazon just sent out a seller news email last week saying that Payoneer and a few other providers are the only allowed payment accounts for international sellers. Walmart also has a partnership with Payoneer that pushes most marketplace sellers to use it. Ebay, Amazon and Walmart will just keep getting growing the number of seller accounts and as such Payoneer will continue to grow with them. Also, I just love Israeli companies.
Position: 610 @ $13.31 and use Payoneer user for my Walmart Seller Account
| 5 |
ntadon
| 1,612,800,270 |
FTOC/Payoneer DD
|
**Positions: FTOC shares, average price $13.24. Not financial advice.**
**What is FTOC/Payoneer?**
Ftac Olympus Acquisition Corp (FTOC) is a SPAC led by Betsy Cohen that has a definitive agreement to merge with Payoneer.
Payoneer is a payment platform that offers a way for businesses to pay and receive money, for a low fee. Payoneer believes that the total addressable market (defined as global e-commerce volume) is $26 trillion a year. Payoneer processed over $44 billion in 2020 alone.
Payoneer also offers:
* Accounting integrations
* Capital to small businesses
* Regulatory and compliance infrastructure
* Physical debit cards
* Tax solutions
**Management Team**
Scott Galit - CEO of Payoneer, previously a senior VP at MasterCard. Serious financial services pedigree.
Michael G Levine - CFO of Payoneer, ex-City VP and ex-CFO of Maler Technologies. MBA from Wharton.
Betsy Cohen - CEO of FTOC. Tons of finance related experience, including founding Bancorp. Should be able to give Payoneer great advice for future growth.
**Customers**
Payoneer has some big name clients, including but not limited to:
* Amazon Europe
* Google
* eBay
* Walmart
* Upwork
* Fiverr
Payoneer works with 9 of the top 20 most valuable companies. Alongside these big names, Payoneer also has 5 million+ marketplaces and businesses, across over 190 countries.
**Switching Costs**
Integrating, setting up, and teaching staff how to use a new payment platform can be time-consuming and expensive for businesses. Therefore, when a client is set up on Payoneer, it is unlikely that they will switch to another provider. This is best seen by the >100% volume retention that Payoneer has (i.e. customers stay and increase their payment volume).
**Brand**
Payoneer, from what I have seen, has a strong brand (though this is obviously a subjective factor). This idea is reinforced by the presence of their big name clients. Branding is really important in FinTech, businesses need 100% confidence when money and payments are involved. This offers not only stops entrants into their market, but should also facilitate future growth and customer acquisition.
**Network Effect**
Imagine company A is on Payoneer and wants to pay company B. Company A suggests payment through their usual payment processor, Payoneer. Company B now signs up to Payoneer and decides to do all their payments through it etc. This is the network effect that Payoneer enjoys. This is a very powerful barrier to entry - very difficult to overcome, while also hard to create yourself.
**Geographies**
UNSUBSTANTIATED: Conversations on Reddit leads me to believe that Payoneer has a strong presence in Asia. If anyone has evidence, please put it in the comments.
If this is true, it should give Payoneer an edge in capitalising on the future growth of the emerging markets.
Some evidence:
* The CEO has gone on record saying Korea is one of their big market focuses.
* Achieved triple digit growth each year in the asian markets from 2012-2016.
**Valuation and Financials**
All numbers are based on original deal multiples (i.e based on when FTOC was $10 a share).
Enterprise Value: $3.27 billion
Projected 2021 revenue: $432 million
EV/2021 revenue multiple: 7.6x
2019-2020 revenue growth: 8.8%
This revenue growth is admittedly lower than one would desire for a FinTech company, and is often a criticism leveled against FTOC. However, considering the low EV/Revenue multiple (7.6x) compared to payment processing industry peers (36.5x), means the valuation more than compensates. Another FinTech going public through a SPAC, PaySafe, actually reported a 0.8% decrease in revenues from 2019-2020, but it recently hit $18 a share. (Nothing against PaySafe at all). Moreover, Payoneer’s payment volume increased by 51% in the same timeframe, which will surely result in higher revenues in time. This should mean they reach their long-term target of yearly 20% revenue growth.
**Institutional Ownership**
Payoneer has some institutional giants already invested, including Wellington Management, Dragoneer Investment Group, Fidelity Management and Research, Temasek, and Franklin Templeton.
**Speculative Catalyst**
In ARK’s Big Ideas 2021, FinTech was mentioned as a big theme that will prevail in 2021. If ARK were to add this cheap, promising FinTech firm to one of their funds, Payoneer will get the respect it deserves and will rocket upwards.
**Risks**
* There are many entrants in the payment processing industry, potentially driving down fees and increasing competition for customers
* Revenue did not increase very much during 2020, despite a huge e-commerce boom
* Big clients (which could be a large percentage of revenues) may drop Payoneer for some (hypothetical) reason
**Personal Note**
I use Payoneer as a contractor for Appen. I like it, it always has good customer service, quick payouts and low fees compared to other providers.
**Price Target**
Bull Case: $26
Main Case: $21
Bear Case: $16
How did I get these numbers? Just educated guesses.
As always DYOR, I have linked the investor presentation in the sources, 100% worth a read.
**Sources:**
Posting sources that have been posted before gets this post taken down, so unfortunately I can't add them. If anyone wants them, send me a DM and I will reply with them (but bear in mind I live in the UK regarding time zones).
Edit: Added risks, completely forgot about them (sorry).
| 407 |
Laughingboy14
| 1,612,465,329 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lcn56t/ftocpayoneer_dd/
|
lbfycv
|
gltw8mh
|
You have 6 day old account and Gix is trash a Spac ... Could it be something one day ... Well anything can happen.
| 15 |
Typical_Republic
| 1,612,330,087 |
GIGCapital ($GIX) – CloudBreak- UpHealth
|
Hi guys,
This one is on **GIX – CloudBreak – UpHealth** transaction, and will highlight key areas of this transaction.
I will refer to the following presentation for my review (specifically for slide numbers).
[https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf](https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf)
​
**Financials Profile**
* **Opportunity to trade up**
* The company is trading at a steep discount relative to its digital healthcare peers. Per presentation slides, it was valued at **77.7% discount on 2021 Revenue Growth**, **46% discount on 2021 EBITDA Margins,** and **42% discount on 2021 Revenue**. - slides 41,42,43
* **Revenue**
* The combined company's (UpHealth+CloudBreak) growth projection is supported by signed agreements. " ***UpHealth has extensive visibility into accelerating near-term growth, $55M of which is contracted in 2021, representing 69% of the Company’s 2021 projected growth***” - slide 33
* States that the company secured "***$50M existing & signed agreement revenue through 2022***" via their integrated care management division - slide 15; Additionally, " ***$200M+ international contract being negotiated across several large agreements***".
* States that the company secured "**$80M Revenue from contracted agreements through 2021**" via their global telehealth platform - slide 15
* **Profitability**
* The company is already **profitable,** with a **12% EBITDA margin** in 2020 - slide 9; and expected to expand to **20% EBITDA margins ($69M) in 2022** \-slide 31
​
**Composing Parts – Divisions/Companies**
​
* **Integrated Care Management (aka Thrasys)**
* The website is not really informative, see yourself - [https://www.thrasys.com/](https://www.thrasys.com/)
* Found this press release that states they have a **contract with La Care and serve there 2.4 M people**:
* [https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care](https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care)
* Not sure how many clients like that they have.
* **Financials**
* Slide 15: " **$18M 2020E Revenue**" + they expect to **add $14M in revenue to this business line in 2021** (investor presentation 32);
* "**$50M existing & signed agreement revenue through 2022**" -slide 15; Additionally, " $200M+ international contract being negotiated across several large agreements".
* Slide 31- **EBITDA is 31%, hence $5.58M in 2020**.
* Slide 33- Visibility Into Near-Term Incremental Revenue Growth indicates $**8M of $14M in 2021 Revenue** is already contracted. SAAS model?
​
* **Global Telehealth is comprised of TWO companies:**
* **Cloudbreak (**[**https://www.cloudbreak.us/**](https://www.cloudbreak.us/)**)**
* I really like their website, and their Linkedin page well-populated. This press release shows that they have had a good 2020: [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* *"Increased Patient Interactions – Cloudbreak’s innovative, secure platform performed* ***more than 100,000 encounters per month*** *on* ***over 14,000 video endpoints in 1,800 plus healthcare venues nationwide****. Cloudbreak surpassed* ***more than 1.6 million minutes of telemedicine consultation monthly****, simplifying how providers care for patients, putting a full care continuum at their fingertips 24/7. 2020 will prove to be the largest in the Company’s history for minute usage with Q4 being the largest for usage in the Company’s history.”*
* **Awards**: (1) **Entrepreneur 360 list** \-op entrepreneurial companies in the nation; (2) **2020 Global Excellence Award**, (3)recognized on Becker’s list of **260+ Telehealth Companies to Know;** (4) named Medtech Breakthrough’s **Best Overall MedTech Company**.
* It is hard to figure out their financials as they are bulked in together with Glocal, another company that comprises the Global Telehealth division of UpHealth.
* From the company website - the company offers Language Access (i)- aka Martti: "*250+ languages available, with more than 60 available in crystal clear video*"; (ii) "*Qualified medical interpreters anywhere, anytime, and on any device*"; (ii)Inpatient (iv) "*Telehealth*"
* " *Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including* ***telepsychiatry****,* ***telestroke****,* ***tele-quarantine****,* ***remote patient monitoring*** *and other specialties. Committed to overcoming healthcare disparities and bringing language access to the point of care, Cloudbreak Health seamlessly integrates their language access solution, Martti, into a host of platforms, including Epic, Zoom, and Caregility.* " less information on the website but this is an excerpt from [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* **Financials** \- hard to tell how the individual financials for CloudBreak look based on investor presentation. But they do list several large and well know customers in their January press release, ie " *Yale New Haven Health System" and University of California Health, which includes University of California San Diego (UCSD), University of California Davis (UCDavis), University of California San Francisco (UCSF) and University of California Riverside (UCR)*".
* The only information I was able to pick up was Slide 33 that shows that $12M of incremental contracted revenue comes from the Global Telehealth division from the USA. Hence, my best guess is from CloudBreak.
​
* **Glocal (**[**https://www.ghspl.com/**](https://www.ghspl.com/)**)**
* I like the first video on the webpage shot by Bloomberg. **Very impressed by the company solution. Strongly recommend watching it**. ([https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video](https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video))
* On their **award page**, they have won some large international awards, including:
* “*GLOCAL Hellolyf CX Digital Dispensary is selected by UNAID as a cutting edge technology solution to reach UN Development goals and is showcased at HIEX 2020,* S*ocial Entrepreneur of the Year 2020*’ *by the Schwab Foundation for Social Entrepreneurship, a sister organization of the World Economic Forum*"
* Appears that this is the driver behind international growth, especially with endorsements from **United Nations** and **World Economic Forum** and even Bloomberg News features (there are 2 great articles I saw but not as interesting as the video).
* **Financials** \- same as with CloudBreak, hard to tell what percentage comes from Glocal for Global Telehealth division. According to slide 33: **$35M in incremental contracted revenue for 2021 comes from outside North America.**
* **Financials for Global Telehealth division (aka CloudBreak and Glocal)**
* Slide 15 states that the division recorded "***$37M 2020E Revenue" and "$80M Revenue from contracted agreements through 2021.***
* slide 33 states "***global telehealth division has $47M in incremental contracted revenue for 2021****" with $****12M in the USA and $35M international****"*.
* Based on the above Global telehealth division expected revenue for 2021 is all contracted already. Therefore, **projected 2021 revenue is $84M and EBITDA of $24M.**
* To summarize, Global Telehealth probably generated **$37M in Revenue** and **$10.7M in EBITDA in 2020,** has $**47M in contracted revenue for 2021** to project **revenue of $84M** and **EBITDA of $24M for2021**.
* **Big Picture Question**: Are Glocal and Cloudbreak cross at any service offerings? Not really obvious here.
​
* **Digital Pharmacy aka MedQuest – (**[**https://mqrx.com/about-us**](https://mqrx.com/about-us))
* The website wasn’t really informative
* The original Press gives better information ([https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company))
* *"Digital Pharmacy - MedQuest Pharmacy (“MedQuest”) is a leading* ***full-service manufactured*** *and* ***compounded pharmacy licensed in all 50 states*** *that* ***pre-packages and ships medications direct to patients****.* "
* Those features are key, as we have to remember that amazon purchased PillPack for its licenses and ability to pre-package. Based on this minimal description on the press release, it seems MedQuest can do it also. Additionally, RO pharmacy only has 22 licenses according to its website, and seeks a valuation of $1.5B for its $250M in revenues, and is not profitable.
* "*The company also offers* ***lab services*** *and* ***testing****,* ***nutraceuticals****,* ***nutritional supplements****,* ***education for medical practitioners****, and training for organizations, associations, and groups. MedQuest serves an established* ***network of 13,000 providers****. The MedQuest platform is poised for strong growth via targeted product expansion and expansive eCommerce capabilities for the entire provider network.”*
* I would love it if MedQuest could make their website more friendly to show information about what they do a little easier. I had to look at the CEO of MedQuest via LinkedIn, and found that he has several companies that each do some of the services described in the press release. I assume all of them are coming under UpHealth based on the description in the press release.
* **Financials :**
* Slide 15 – states ***“$31M revenue expansion opportunity*** *through 2022 within dermatology and cannabinol.* “ But the website currently shows only skin supplements.
* Slide 17 - for "Integration Roadmap Codifies Long-Term Vision, Upside" states that in the **Q1 of 2021** they will " ***Integrate ePharmacy with Telehealth***"- to me that sounds as MedQuest would be integrated through Global Telehealth division of CloudBreak to its 1,800 plus healthcare venues nationwide. This sounds more as B2B2C play sand very different than what we have seen in the market so far with digital/ePharmacy solutions (take RO, capsule, Hims, etc). It is an interesting play, curious how it will be reciprocated by healthcare players. Additionally, Icould see them using it heavily with their behavioral telehealth solutions as a pharmacy of choice for their providers. So that's a nice cross-selling opportunity they got there.
* **Big Picture**, could be a very interesting play if they are indeed focusing on b2b2c play. At this time we need more publicly available data to understand what is going on.
​
​
* **Behavioral Health is comprised of TWO companies**
* ***Tech-enabled Behavioral Health – TTC Healthcare, Inc. (“TTC Healthcare”) and Behavioral Health Services LLC (“BHS”) offer comprehensive services specializing in acute and chronic outpatient behavioral health, rehabilitation and substance abuse, both onsite and via telehealth***”
* Press release source: [https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company)
* I have had a hard time locating websites. When i used company website to get to behavioral it only gave me the option to go to TTC ([https://uphealthinc.com/behavioral-telehealth/](https://uphealthinc.com/behavioral-telehealth/)) when you click on learn more ([https://www.transformationstreatment.center/](https://www.transformationstreatment.center/))
* My understanding is the following:
* **TTC aka Transformations Treatment Center**
* **"***Transformations’s substance abuse segment provides rehabilitation and substance abuse services, operating seven entities in Florida.*" "F*reedom Now: recently opened an independent outpatient services business providing a broad spectrum of outpatient mental health and substance abuse services, including medically assisted treatment" "****Transformations has dramatically expanded our use of telehealth for medical and clinical services and expects to continue this expansion for the foreseeable future****."* Does really tell me much about what percent of their visits are telehealth.
* **Behavioral Health Services LLC aka BHS**
* I don't know what is a correct website, as UpHealthwebsite doesn't redirect to it but just have a mention of the services.
* "*UpHealth provides a comprehensive portfolio of services specializing in acute and chronic / severe outpatient behavioral health, including substance abuse. Mission is to improve the* ***mental health and well-being of patients*** *who are impacted by mental illness*"
* *"With UpHealth’s national reach of services, it will be able to* expand this portfolio of services geographically, enhancing its offering by expanding both its virtual and on-site services*.* ***It has also already been in discussions to expand its network in Kansas City and other locations in Missouri, as well as preliminary discussions with a group in Chicago****."*
* **Combined they have 160+ providers, 27 MD'S and 10 NPs.**
* Hard to figure out exactly what they are, especially with nonexisting websites. Investor presentation states on slide 25 "**Dramatically expanded use of telehealth for medical and clinical services, leveraging the UpHealth platform to increase volumes across its service lines.**" So no new information from the website.
* **Financials**
* Slide 15- states *"****$32M 2020E Revenue*****"** and that in 2021 they expect to reach **"***$****47M national rollout of Intensive Outpatient (IOP) Services launching in 2021***", "*Regional Expansion of mental health and substance abuse services within Florida and the Southeast*".
* Slide 31: Behavioral has 17% EBITDA margins, so would expect EBITDA OF $5.4M for 2020"
* **So to summarize**, the - Tech-enabled Behavioral Health division **in 2020** generated **$32M in Revenue** and **$5.4M in EBITDA**. In **2021** it is expected to grow to **$47M in revenue and $8M in EBITDA.**
* **Big Picture-** How does it work with other divisions? I understand that Behavioral Providers can prioritize the pharmacy for their patients and create new synergies. Curiously, slide 17 states : "**Integrate Telepsychiatry across platform and launch US network**". This requires more information and detail. It seems like they want to incorporate it with CloudBreak solution, and potentially Thrasys - although not sure how it would work. Eager to get more press releases on what they are planning to do.
​
**SUMMARY**
* **Financials** \- are looking great and very promising. Especially like their visibility in their future numbers due to Integrated Care Management and Global Telehealth. Two of their divisions: Integrated Care Management and Global Telehealth look very strong. Digital Pharmacy looks great per the press release, but we need more information on some questions raised.
* **Clients -slide 27 -** was impressed to see the client list.
* **Potential Issues -Integration**
* putting one company together, let alone 6 will be challenging. Looking at their financial slides didn't see synergies across platforms incorporated. Not sure if they were used in the projections, as seems it is done on a standalone basis.
* Do they plan to integrate them or keep the Berkshire Hathaway model?
* If Integrated- that's what the entire presentation makes me believe, that will be an undertaking. Hence, probably a steep discount on their valuation.
* **Cross-Selling -** If I am correct, and their projections don't include cross-selling, then this platform has the ability to grow substantially more than what is being projected.
| 14 |
Quant_Quality
| 1,612,328,011 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lbfycv/gigcapital_gix_cloudbreak_uphealth/
|
lbfycv
|
glwidaw
|
Remember when BMRG now EOSE was at $10.50 at merger and this board trashed it saying no institutional interest? Then day after merger Barron’s posts article comparing a its zinc batteries to Tesla’s lithium (never mind Eos doesn’t produce car batteries) and stock took off after.
Point is sometimes stocks just get no love…until they do then everyone wants it.
Warrants for GIX are laughably undervalued at sub $1.50. Hell even TRIT at $6 had warrants higher than that. TLMD is competitor that merged trading at $7 and its warrants are same as GIX.
| 7 |
Matt1701D
| 1,612,383,106 |
GIGCapital ($GIX) – CloudBreak- UpHealth
|
Hi guys,
This one is on **GIX – CloudBreak – UpHealth** transaction, and will highlight key areas of this transaction.
I will refer to the following presentation for my review (specifically for slide numbers).
[https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf](https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf)
​
**Financials Profile**
* **Opportunity to trade up**
* The company is trading at a steep discount relative to its digital healthcare peers. Per presentation slides, it was valued at **77.7% discount on 2021 Revenue Growth**, **46% discount on 2021 EBITDA Margins,** and **42% discount on 2021 Revenue**. - slides 41,42,43
* **Revenue**
* The combined company's (UpHealth+CloudBreak) growth projection is supported by signed agreements. " ***UpHealth has extensive visibility into accelerating near-term growth, $55M of which is contracted in 2021, representing 69% of the Company’s 2021 projected growth***” - slide 33
* States that the company secured "***$50M existing & signed agreement revenue through 2022***" via their integrated care management division - slide 15; Additionally, " ***$200M+ international contract being negotiated across several large agreements***".
* States that the company secured "**$80M Revenue from contracted agreements through 2021**" via their global telehealth platform - slide 15
* **Profitability**
* The company is already **profitable,** with a **12% EBITDA margin** in 2020 - slide 9; and expected to expand to **20% EBITDA margins ($69M) in 2022** \-slide 31
​
**Composing Parts – Divisions/Companies**
​
* **Integrated Care Management (aka Thrasys)**
* The website is not really informative, see yourself - [https://www.thrasys.com/](https://www.thrasys.com/)
* Found this press release that states they have a **contract with La Care and serve there 2.4 M people**:
* [https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care](https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care)
* Not sure how many clients like that they have.
* **Financials**
* Slide 15: " **$18M 2020E Revenue**" + they expect to **add $14M in revenue to this business line in 2021** (investor presentation 32);
* "**$50M existing & signed agreement revenue through 2022**" -slide 15; Additionally, " $200M+ international contract being negotiated across several large agreements".
* Slide 31- **EBITDA is 31%, hence $5.58M in 2020**.
* Slide 33- Visibility Into Near-Term Incremental Revenue Growth indicates $**8M of $14M in 2021 Revenue** is already contracted. SAAS model?
​
* **Global Telehealth is comprised of TWO companies:**
* **Cloudbreak (**[**https://www.cloudbreak.us/**](https://www.cloudbreak.us/)**)**
* I really like their website, and their Linkedin page well-populated. This press release shows that they have had a good 2020: [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* *"Increased Patient Interactions – Cloudbreak’s innovative, secure platform performed* ***more than 100,000 encounters per month*** *on* ***over 14,000 video endpoints in 1,800 plus healthcare venues nationwide****. Cloudbreak surpassed* ***more than 1.6 million minutes of telemedicine consultation monthly****, simplifying how providers care for patients, putting a full care continuum at their fingertips 24/7. 2020 will prove to be the largest in the Company’s history for minute usage with Q4 being the largest for usage in the Company’s history.”*
* **Awards**: (1) **Entrepreneur 360 list** \-op entrepreneurial companies in the nation; (2) **2020 Global Excellence Award**, (3)recognized on Becker’s list of **260+ Telehealth Companies to Know;** (4) named Medtech Breakthrough’s **Best Overall MedTech Company**.
* It is hard to figure out their financials as they are bulked in together with Glocal, another company that comprises the Global Telehealth division of UpHealth.
* From the company website - the company offers Language Access (i)- aka Martti: "*250+ languages available, with more than 60 available in crystal clear video*"; (ii) "*Qualified medical interpreters anywhere, anytime, and on any device*"; (ii)Inpatient (iv) "*Telehealth*"
* " *Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including* ***telepsychiatry****,* ***telestroke****,* ***tele-quarantine****,* ***remote patient monitoring*** *and other specialties. Committed to overcoming healthcare disparities and bringing language access to the point of care, Cloudbreak Health seamlessly integrates their language access solution, Martti, into a host of platforms, including Epic, Zoom, and Caregility.* " less information on the website but this is an excerpt from [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* **Financials** \- hard to tell how the individual financials for CloudBreak look based on investor presentation. But they do list several large and well know customers in their January press release, ie " *Yale New Haven Health System" and University of California Health, which includes University of California San Diego (UCSD), University of California Davis (UCDavis), University of California San Francisco (UCSF) and University of California Riverside (UCR)*".
* The only information I was able to pick up was Slide 33 that shows that $12M of incremental contracted revenue comes from the Global Telehealth division from the USA. Hence, my best guess is from CloudBreak.
​
* **Glocal (**[**https://www.ghspl.com/**](https://www.ghspl.com/)**)**
* I like the first video on the webpage shot by Bloomberg. **Very impressed by the company solution. Strongly recommend watching it**. ([https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video](https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video))
* On their **award page**, they have won some large international awards, including:
* “*GLOCAL Hellolyf CX Digital Dispensary is selected by UNAID as a cutting edge technology solution to reach UN Development goals and is showcased at HIEX 2020,* S*ocial Entrepreneur of the Year 2020*’ *by the Schwab Foundation for Social Entrepreneurship, a sister organization of the World Economic Forum*"
* Appears that this is the driver behind international growth, especially with endorsements from **United Nations** and **World Economic Forum** and even Bloomberg News features (there are 2 great articles I saw but not as interesting as the video).
* **Financials** \- same as with CloudBreak, hard to tell what percentage comes from Glocal for Global Telehealth division. According to slide 33: **$35M in incremental contracted revenue for 2021 comes from outside North America.**
* **Financials for Global Telehealth division (aka CloudBreak and Glocal)**
* Slide 15 states that the division recorded "***$37M 2020E Revenue" and "$80M Revenue from contracted agreements through 2021.***
* slide 33 states "***global telehealth division has $47M in incremental contracted revenue for 2021****" with $****12M in the USA and $35M international****"*.
* Based on the above Global telehealth division expected revenue for 2021 is all contracted already. Therefore, **projected 2021 revenue is $84M and EBITDA of $24M.**
* To summarize, Global Telehealth probably generated **$37M in Revenue** and **$10.7M in EBITDA in 2020,** has $**47M in contracted revenue for 2021** to project **revenue of $84M** and **EBITDA of $24M for2021**.
* **Big Picture Question**: Are Glocal and Cloudbreak cross at any service offerings? Not really obvious here.
​
* **Digital Pharmacy aka MedQuest – (**[**https://mqrx.com/about-us**](https://mqrx.com/about-us))
* The website wasn’t really informative
* The original Press gives better information ([https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company))
* *"Digital Pharmacy - MedQuest Pharmacy (“MedQuest”) is a leading* ***full-service manufactured*** *and* ***compounded pharmacy licensed in all 50 states*** *that* ***pre-packages and ships medications direct to patients****.* "
* Those features are key, as we have to remember that amazon purchased PillPack for its licenses and ability to pre-package. Based on this minimal description on the press release, it seems MedQuest can do it also. Additionally, RO pharmacy only has 22 licenses according to its website, and seeks a valuation of $1.5B for its $250M in revenues, and is not profitable.
* "*The company also offers* ***lab services*** *and* ***testing****,* ***nutraceuticals****,* ***nutritional supplements****,* ***education for medical practitioners****, and training for organizations, associations, and groups. MedQuest serves an established* ***network of 13,000 providers****. The MedQuest platform is poised for strong growth via targeted product expansion and expansive eCommerce capabilities for the entire provider network.”*
* I would love it if MedQuest could make their website more friendly to show information about what they do a little easier. I had to look at the CEO of MedQuest via LinkedIn, and found that he has several companies that each do some of the services described in the press release. I assume all of them are coming under UpHealth based on the description in the press release.
* **Financials :**
* Slide 15 – states ***“$31M revenue expansion opportunity*** *through 2022 within dermatology and cannabinol.* “ But the website currently shows only skin supplements.
* Slide 17 - for "Integration Roadmap Codifies Long-Term Vision, Upside" states that in the **Q1 of 2021** they will " ***Integrate ePharmacy with Telehealth***"- to me that sounds as MedQuest would be integrated through Global Telehealth division of CloudBreak to its 1,800 plus healthcare venues nationwide. This sounds more as B2B2C play sand very different than what we have seen in the market so far with digital/ePharmacy solutions (take RO, capsule, Hims, etc). It is an interesting play, curious how it will be reciprocated by healthcare players. Additionally, Icould see them using it heavily with their behavioral telehealth solutions as a pharmacy of choice for their providers. So that's a nice cross-selling opportunity they got there.
* **Big Picture**, could be a very interesting play if they are indeed focusing on b2b2c play. At this time we need more publicly available data to understand what is going on.
​
​
* **Behavioral Health is comprised of TWO companies**
* ***Tech-enabled Behavioral Health – TTC Healthcare, Inc. (“TTC Healthcare”) and Behavioral Health Services LLC (“BHS”) offer comprehensive services specializing in acute and chronic outpatient behavioral health, rehabilitation and substance abuse, both onsite and via telehealth***”
* Press release source: [https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company)
* I have had a hard time locating websites. When i used company website to get to behavioral it only gave me the option to go to TTC ([https://uphealthinc.com/behavioral-telehealth/](https://uphealthinc.com/behavioral-telehealth/)) when you click on learn more ([https://www.transformationstreatment.center/](https://www.transformationstreatment.center/))
* My understanding is the following:
* **TTC aka Transformations Treatment Center**
* **"***Transformations’s substance abuse segment provides rehabilitation and substance abuse services, operating seven entities in Florida.*" "F*reedom Now: recently opened an independent outpatient services business providing a broad spectrum of outpatient mental health and substance abuse services, including medically assisted treatment" "****Transformations has dramatically expanded our use of telehealth for medical and clinical services and expects to continue this expansion for the foreseeable future****."* Does really tell me much about what percent of their visits are telehealth.
* **Behavioral Health Services LLC aka BHS**
* I don't know what is a correct website, as UpHealthwebsite doesn't redirect to it but just have a mention of the services.
* "*UpHealth provides a comprehensive portfolio of services specializing in acute and chronic / severe outpatient behavioral health, including substance abuse. Mission is to improve the* ***mental health and well-being of patients*** *who are impacted by mental illness*"
* *"With UpHealth’s national reach of services, it will be able to* expand this portfolio of services geographically, enhancing its offering by expanding both its virtual and on-site services*.* ***It has also already been in discussions to expand its network in Kansas City and other locations in Missouri, as well as preliminary discussions with a group in Chicago****."*
* **Combined they have 160+ providers, 27 MD'S and 10 NPs.**
* Hard to figure out exactly what they are, especially with nonexisting websites. Investor presentation states on slide 25 "**Dramatically expanded use of telehealth for medical and clinical services, leveraging the UpHealth platform to increase volumes across its service lines.**" So no new information from the website.
* **Financials**
* Slide 15- states *"****$32M 2020E Revenue*****"** and that in 2021 they expect to reach **"***$****47M national rollout of Intensive Outpatient (IOP) Services launching in 2021***", "*Regional Expansion of mental health and substance abuse services within Florida and the Southeast*".
* Slide 31: Behavioral has 17% EBITDA margins, so would expect EBITDA OF $5.4M for 2020"
* **So to summarize**, the - Tech-enabled Behavioral Health division **in 2020** generated **$32M in Revenue** and **$5.4M in EBITDA**. In **2021** it is expected to grow to **$47M in revenue and $8M in EBITDA.**
* **Big Picture-** How does it work with other divisions? I understand that Behavioral Providers can prioritize the pharmacy for their patients and create new synergies. Curiously, slide 17 states : "**Integrate Telepsychiatry across platform and launch US network**". This requires more information and detail. It seems like they want to incorporate it with CloudBreak solution, and potentially Thrasys - although not sure how it would work. Eager to get more press releases on what they are planning to do.
​
**SUMMARY**
* **Financials** \- are looking great and very promising. Especially like their visibility in their future numbers due to Integrated Care Management and Global Telehealth. Two of their divisions: Integrated Care Management and Global Telehealth look very strong. Digital Pharmacy looks great per the press release, but we need more information on some questions raised.
* **Clients -slide 27 -** was impressed to see the client list.
* **Potential Issues -Integration**
* putting one company together, let alone 6 will be challenging. Looking at their financial slides didn't see synergies across platforms incorporated. Not sure if they were used in the projections, as seems it is done on a standalone basis.
* Do they plan to integrate them or keep the Berkshire Hathaway model?
* If Integrated- that's what the entire presentation makes me believe, that will be an undertaking. Hence, probably a steep discount on their valuation.
* **Cross-Selling -** If I am correct, and their projections don't include cross-selling, then this platform has the ability to grow substantially more than what is being projected.
| 14 |
Quant_Quality
| 1,612,328,011 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lbfycv/gigcapital_gix_cloudbreak_uphealth/
|
lbfycv
|
glttq40
|
One more critical piece :
They secured $285M from institutional investors on Jan 21st!
see: [https://www.marketwatch.com/press-release/gigcapital2-secures-285-million-from-institutional-investors-in-connection-with-its-business-combination-with-uphealth-holdings-2021-01-21?siteid=bigcharts&dist=bigcharts&tesla=y](https://www.marketwatch.com/press-release/gigcapital2-secures-285-million-from-institutional-investors-in-connection-with-its-business-combination-with-uphealth-holdings-2021-01-21?siteid=bigcharts&dist=bigcharts&tesla=y)
Strong support for this company, and I even saw the round was oversubscribed!
| 9 |
Quant_Quality
| 1,612,328,568 |
GIGCapital ($GIX) – CloudBreak- UpHealth
|
Hi guys,
This one is on **GIX – CloudBreak – UpHealth** transaction, and will highlight key areas of this transaction.
I will refer to the following presentation for my review (specifically for slide numbers).
[https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf](https://uphealthinc.com/wp-content/uploads/2020/11/UpHealth-Investor-Presentation-112320.pdf)
​
**Financials Profile**
* **Opportunity to trade up**
* The company is trading at a steep discount relative to its digital healthcare peers. Per presentation slides, it was valued at **77.7% discount on 2021 Revenue Growth**, **46% discount on 2021 EBITDA Margins,** and **42% discount on 2021 Revenue**. - slides 41,42,43
* **Revenue**
* The combined company's (UpHealth+CloudBreak) growth projection is supported by signed agreements. " ***UpHealth has extensive visibility into accelerating near-term growth, $55M of which is contracted in 2021, representing 69% of the Company’s 2021 projected growth***” - slide 33
* States that the company secured "***$50M existing & signed agreement revenue through 2022***" via their integrated care management division - slide 15; Additionally, " ***$200M+ international contract being negotiated across several large agreements***".
* States that the company secured "**$80M Revenue from contracted agreements through 2021**" via their global telehealth platform - slide 15
* **Profitability**
* The company is already **profitable,** with a **12% EBITDA margin** in 2020 - slide 9; and expected to expand to **20% EBITDA margins ($69M) in 2022** \-slide 31
​
**Composing Parts – Divisions/Companies**
​
* **Integrated Care Management (aka Thrasys)**
* The website is not really informative, see yourself - [https://www.thrasys.com/](https://www.thrasys.com/)
* Found this press release that states they have a **contract with La Care and serve there 2.4 M people**:
* [https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care](https://www.businesswire.com/news/home/20210126005845/en/Thrasys-Inc.-a-Subsidiary-of-UpHealth-Holdings-Inc.-Accelerates-Technology-Innovation-with-New-Release-of-SyntraNet-Integrated-Care)
* Not sure how many clients like that they have.
* **Financials**
* Slide 15: " **$18M 2020E Revenue**" + they expect to **add $14M in revenue to this business line in 2021** (investor presentation 32);
* "**$50M existing & signed agreement revenue through 2022**" -slide 15; Additionally, " $200M+ international contract being negotiated across several large agreements".
* Slide 31- **EBITDA is 31%, hence $5.58M in 2020**.
* Slide 33- Visibility Into Near-Term Incremental Revenue Growth indicates $**8M of $14M in 2021 Revenue** is already contracted. SAAS model?
​
* **Global Telehealth is comprised of TWO companies:**
* **Cloudbreak (**[**https://www.cloudbreak.us/**](https://www.cloudbreak.us/)**)**
* I really like their website, and their Linkedin page well-populated. This press release shows that they have had a good 2020: [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* *"Increased Patient Interactions – Cloudbreak’s innovative, secure platform performed* ***more than 100,000 encounters per month*** *on* ***over 14,000 video endpoints in 1,800 plus healthcare venues nationwide****. Cloudbreak surpassed* ***more than 1.6 million minutes of telemedicine consultation monthly****, simplifying how providers care for patients, putting a full care continuum at their fingertips 24/7. 2020 will prove to be the largest in the Company’s history for minute usage with Q4 being the largest for usage in the Company’s history.”*
* **Awards**: (1) **Entrepreneur 360 list** \-op entrepreneurial companies in the nation; (2) **2020 Global Excellence Award**, (3)recognized on Becker’s list of **260+ Telehealth Companies to Know;** (4) named Medtech Breakthrough’s **Best Overall MedTech Company**.
* It is hard to figure out their financials as they are bulked in together with Glocal, another company that comprises the Global Telehealth division of UpHealth.
* From the company website - the company offers Language Access (i)- aka Martti: "*250+ languages available, with more than 60 available in crystal clear video*"; (ii) "*Qualified medical interpreters anywhere, anytime, and on any device*"; (ii)Inpatient (iv) "*Telehealth*"
* " *Cloudbreak Health continues to innovate with Cloudbreak Telehealth Solutions, including* ***telepsychiatry****,* ***telestroke****,* ***tele-quarantine****,* ***remote patient monitoring*** *and other specialties. Committed to overcoming healthcare disparities and bringing language access to the point of care, Cloudbreak Health seamlessly integrates their language access solution, Martti, into a host of platforms, including Epic, Zoom, and Caregility.* " less information on the website but this is an excerpt from [https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth](https://www.businesswire.com/news/home/20210112005154/en/Cloudbreak-2020-Year-in-Review-The-Acceleration-of-Digital-Health-and-Setting-the-Stage-for-2021-Growth)
* **Financials** \- hard to tell how the individual financials for CloudBreak look based on investor presentation. But they do list several large and well know customers in their January press release, ie " *Yale New Haven Health System" and University of California Health, which includes University of California San Diego (UCSD), University of California Davis (UCDavis), University of California San Francisco (UCSF) and University of California Riverside (UCR)*".
* The only information I was able to pick up was Slide 33 that shows that $12M of incremental contracted revenue comes from the Global Telehealth division from the USA. Hence, my best guess is from CloudBreak.
​
* **Glocal (**[**https://www.ghspl.com/**](https://www.ghspl.com/)**)**
* I like the first video on the webpage shot by Bloomberg. **Very impressed by the company solution. Strongly recommend watching it**. ([https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video](https://www.bloomberg.com/news/videos/2020-11-20/bringing-high-tech-healthcare-to-india-s-poor-video))
* On their **award page**, they have won some large international awards, including:
* “*GLOCAL Hellolyf CX Digital Dispensary is selected by UNAID as a cutting edge technology solution to reach UN Development goals and is showcased at HIEX 2020,* S*ocial Entrepreneur of the Year 2020*’ *by the Schwab Foundation for Social Entrepreneurship, a sister organization of the World Economic Forum*"
* Appears that this is the driver behind international growth, especially with endorsements from **United Nations** and **World Economic Forum** and even Bloomberg News features (there are 2 great articles I saw but not as interesting as the video).
* **Financials** \- same as with CloudBreak, hard to tell what percentage comes from Glocal for Global Telehealth division. According to slide 33: **$35M in incremental contracted revenue for 2021 comes from outside North America.**
* **Financials for Global Telehealth division (aka CloudBreak and Glocal)**
* Slide 15 states that the division recorded "***$37M 2020E Revenue" and "$80M Revenue from contracted agreements through 2021.***
* slide 33 states "***global telehealth division has $47M in incremental contracted revenue for 2021****" with $****12M in the USA and $35M international****"*.
* Based on the above Global telehealth division expected revenue for 2021 is all contracted already. Therefore, **projected 2021 revenue is $84M and EBITDA of $24M.**
* To summarize, Global Telehealth probably generated **$37M in Revenue** and **$10.7M in EBITDA in 2020,** has $**47M in contracted revenue for 2021** to project **revenue of $84M** and **EBITDA of $24M for2021**.
* **Big Picture Question**: Are Glocal and Cloudbreak cross at any service offerings? Not really obvious here.
​
* **Digital Pharmacy aka MedQuest – (**[**https://mqrx.com/about-us**](https://mqrx.com/about-us))
* The website wasn’t really informative
* The original Press gives better information ([https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company))
* *"Digital Pharmacy - MedQuest Pharmacy (“MedQuest”) is a leading* ***full-service manufactured*** *and* ***compounded pharmacy licensed in all 50 states*** *that* ***pre-packages and ships medications direct to patients****.* "
* Those features are key, as we have to remember that amazon purchased PillPack for its licenses and ability to pre-package. Based on this minimal description on the press release, it seems MedQuest can do it also. Additionally, RO pharmacy only has 22 licenses according to its website, and seeks a valuation of $1.5B for its $250M in revenues, and is not profitable.
* "*The company also offers* ***lab services*** *and* ***testing****,* ***nutraceuticals****,* ***nutritional supplements****,* ***education for medical practitioners****, and training for organizations, associations, and groups. MedQuest serves an established* ***network of 13,000 providers****. The MedQuest platform is poised for strong growth via targeted product expansion and expansive eCommerce capabilities for the entire provider network.”*
* I would love it if MedQuest could make their website more friendly to show information about what they do a little easier. I had to look at the CEO of MedQuest via LinkedIn, and found that he has several companies that each do some of the services described in the press release. I assume all of them are coming under UpHealth based on the description in the press release.
* **Financials :**
* Slide 15 – states ***“$31M revenue expansion opportunity*** *through 2022 within dermatology and cannabinol.* “ But the website currently shows only skin supplements.
* Slide 17 - for "Integration Roadmap Codifies Long-Term Vision, Upside" states that in the **Q1 of 2021** they will " ***Integrate ePharmacy with Telehealth***"- to me that sounds as MedQuest would be integrated through Global Telehealth division of CloudBreak to its 1,800 plus healthcare venues nationwide. This sounds more as B2B2C play sand very different than what we have seen in the market so far with digital/ePharmacy solutions (take RO, capsule, Hims, etc). It is an interesting play, curious how it will be reciprocated by healthcare players. Additionally, Icould see them using it heavily with their behavioral telehealth solutions as a pharmacy of choice for their providers. So that's a nice cross-selling opportunity they got there.
* **Big Picture**, could be a very interesting play if they are indeed focusing on b2b2c play. At this time we need more publicly available data to understand what is going on.
​
​
* **Behavioral Health is comprised of TWO companies**
* ***Tech-enabled Behavioral Health – TTC Healthcare, Inc. (“TTC Healthcare”) and Behavioral Health Services LLC (“BHS”) offer comprehensive services specializing in acute and chronic outpatient behavioral health, rehabilitation and substance abuse, both onsite and via telehealth***”
* Press release source: [https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company](https://www.businesswire.com/news/home/20201123005682/en/GigCapital2-Has-Entered-Into-Business-Combination-Agreements-With-UpHealth-and-Cloudbreak-to-Form-Combined-Company-to-List-on-the-NYSE-Creating-a-Unified-and-Profitable-Global-Digital-Health-Company)
* I have had a hard time locating websites. When i used company website to get to behavioral it only gave me the option to go to TTC ([https://uphealthinc.com/behavioral-telehealth/](https://uphealthinc.com/behavioral-telehealth/)) when you click on learn more ([https://www.transformationstreatment.center/](https://www.transformationstreatment.center/))
* My understanding is the following:
* **TTC aka Transformations Treatment Center**
* **"***Transformations’s substance abuse segment provides rehabilitation and substance abuse services, operating seven entities in Florida.*" "F*reedom Now: recently opened an independent outpatient services business providing a broad spectrum of outpatient mental health and substance abuse services, including medically assisted treatment" "****Transformations has dramatically expanded our use of telehealth for medical and clinical services and expects to continue this expansion for the foreseeable future****."* Does really tell me much about what percent of their visits are telehealth.
* **Behavioral Health Services LLC aka BHS**
* I don't know what is a correct website, as UpHealthwebsite doesn't redirect to it but just have a mention of the services.
* "*UpHealth provides a comprehensive portfolio of services specializing in acute and chronic / severe outpatient behavioral health, including substance abuse. Mission is to improve the* ***mental health and well-being of patients*** *who are impacted by mental illness*"
* *"With UpHealth’s national reach of services, it will be able to* expand this portfolio of services geographically, enhancing its offering by expanding both its virtual and on-site services*.* ***It has also already been in discussions to expand its network in Kansas City and other locations in Missouri, as well as preliminary discussions with a group in Chicago****."*
* **Combined they have 160+ providers, 27 MD'S and 10 NPs.**
* Hard to figure out exactly what they are, especially with nonexisting websites. Investor presentation states on slide 25 "**Dramatically expanded use of telehealth for medical and clinical services, leveraging the UpHealth platform to increase volumes across its service lines.**" So no new information from the website.
* **Financials**
* Slide 15- states *"****$32M 2020E Revenue*****"** and that in 2021 they expect to reach **"***$****47M national rollout of Intensive Outpatient (IOP) Services launching in 2021***", "*Regional Expansion of mental health and substance abuse services within Florida and the Southeast*".
* Slide 31: Behavioral has 17% EBITDA margins, so would expect EBITDA OF $5.4M for 2020"
* **So to summarize**, the - Tech-enabled Behavioral Health division **in 2020** generated **$32M in Revenue** and **$5.4M in EBITDA**. In **2021** it is expected to grow to **$47M in revenue and $8M in EBITDA.**
* **Big Picture-** How does it work with other divisions? I understand that Behavioral Providers can prioritize the pharmacy for their patients and create new synergies. Curiously, slide 17 states : "**Integrate Telepsychiatry across platform and launch US network**". This requires more information and detail. It seems like they want to incorporate it with CloudBreak solution, and potentially Thrasys - although not sure how it would work. Eager to get more press releases on what they are planning to do.
​
**SUMMARY**
* **Financials** \- are looking great and very promising. Especially like their visibility in their future numbers due to Integrated Care Management and Global Telehealth. Two of their divisions: Integrated Care Management and Global Telehealth look very strong. Digital Pharmacy looks great per the press release, but we need more information on some questions raised.
* **Clients -slide 27 -** was impressed to see the client list.
* **Potential Issues -Integration**
* putting one company together, let alone 6 will be challenging. Looking at their financial slides didn't see synergies across platforms incorporated. Not sure if they were used in the projections, as seems it is done on a standalone basis.
* Do they plan to integrate them or keep the Berkshire Hathaway model?
* If Integrated- that's what the entire presentation makes me believe, that will be an undertaking. Hence, probably a steep discount on their valuation.
* **Cross-Selling -** If I am correct, and their projections don't include cross-selling, then this platform has the ability to grow substantially more than what is being projected.
| 14 |
Quant_Quality
| 1,612,328,011 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lbfycv/gigcapital_gix_cloudbreak_uphealth/
|
l8usxl
|
glf7t1p
|
I think this one is going to spike after merger like XL did. Both of them are good medium terms plays if that's your thing.
| 16 |
neuro_crit1
| 1,612,050,115 |
GIK <=> Lightning Emotors
|
Checked out the lightning Emotors website
[https://lightningemotors.com//lightningelectric-ford-transit-shuttle/](https://lightningemotors.com//lightningelectric-ford-transit-shuttle/)
Looks like their power train range of 170mile is almost double the 96 mile range of the Mercedes esprinter that amazon just bought thousands of.
Extremely bullish on this company (not just on the merger run up).
The fact that lightning Emotors is all American almost guarantees them a piece of the state and fed contracts that will begin getting handed out for fleet electrification
| 89 |
Savings_Jealous
| 1,612,038,251 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l8usxl/gik_lightning_emotors/
|
l8usxl
|
glh1q1f
|
I like the CEO, Tim Reeser. Good PR skills.
| 10 |
Hyliion_
| 1,612,094,836 |
GIK <=> Lightning Emotors
|
Checked out the lightning Emotors website
[https://lightningemotors.com//lightningelectric-ford-transit-shuttle/](https://lightningemotors.com//lightningelectric-ford-transit-shuttle/)
Looks like their power train range of 170mile is almost double the 96 mile range of the Mercedes esprinter that amazon just bought thousands of.
Extremely bullish on this company (not just on the merger run up).
The fact that lightning Emotors is all American almost guarantees them a piece of the state and fed contracts that will begin getting handed out for fleet electrification
| 89 |
Savings_Jealous
| 1,612,038,251 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l8usxl/gik_lightning_emotors/
|
l8usxl
|
glekiwv
|
Yup. I like their products and I really like their ceo. I’m very interested to hear Biden’s upcoming infrastructure plan this month. Only good news coming.
| 17 |
Igettheshow89
| 1,612,038,677 |
GIK <=> Lightning Emotors
|
Checked out the lightning Emotors website
[https://lightningemotors.com//lightningelectric-ford-transit-shuttle/](https://lightningemotors.com//lightningelectric-ford-transit-shuttle/)
Looks like their power train range of 170mile is almost double the 96 mile range of the Mercedes esprinter that amazon just bought thousands of.
Extremely bullish on this company (not just on the merger run up).
The fact that lightning Emotors is all American almost guarantees them a piece of the state and fed contracts that will begin getting handed out for fleet electrification
| 89 |
Savings_Jealous
| 1,612,038,251 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l8usxl/gik_lightning_emotors/
|
l78nen
|
gl5b9gq
|
You forgot to mention Channing Tatum laying the PIPE. Here come the Becky's in droves!
| 5 |
dfern24
| 1,611,868,398 |
$ANDA to Merge with Stryve Foods - Here’s why I’m bullish!
|
Andina Acquisition Corp (ANDA, ANDAW, ANDAR) has announced that they have signed a definitive agreement to merge with Stryve Foods which produces healthy, all natural, gluten free, high protein snacks. This is a fantastic way to play the “healthy living and eating” trend.
https://preview.redd.it/yylez035f4e61.png?width=1435&format=png&auto=webp&s=3408ded88b57ca181586a3aebaf441f7b5574963
In 2020, Stryve Foods grew 38% in revenue and they project to grow revenues by 183% in 2021 due to new product lines, increased sales, private label, and new retailers like Target selling their snack products.
https://preview.redd.it/tebddxpmf4e61.png?width=2066&format=png&auto=webp&s=63bfa430e4e404b0a5271e2f4e9509de2d5f830e
Stryve Foods distributes their products to sell at retailers such as Kroger, Walmart, 7Eleven, Meijer, and many more. They also plan to be available in Target!
https://preview.redd.it/1qfktjm7f4e61.png?width=2536&format=png&auto=webp&s=ae9b857985e702f5eff969a5587690a8d4b8c047
They are one of Amazon’s best sellers for beef jerky products, and in 2020 they exponentially increased ecommerce sales (see graphic below). Also, Stryve has a 40% repeat customer rate which is fantastic for snack products.
​
https://preview.redd.it/sg1i5f7cf4e61.png?width=2633&format=png&auto=webp&s=895069663516f8d5258359c0a2234ddd20dd6cc0
https://preview.redd.it/zc7h247af4e61.png?width=1490&format=png&auto=webp&s=3fc6db7e27dace81aa48e97489af9ac503a19a82
They also have an active **Instagram account with 27,000+ followers.** That’s more followers than Tattooed Chef!
We have previously seen UTZ Snacks and Tattooed Chef go public via SPAC mergers and have both performed fantastic. **UTZ is currently $22** and **TTCF is currently $23.** Stryve Foods will most likely perform similar.
ANDA commons are currently trading at $11.44
**ANDAW (warrants) are ONLY $0.95** which is a near unbeatable price for such a quality food company.
$ANDA will be renamed $SNAX (awesome ticker!) upon closing of the merger in early Q2 2021.
https://preview.redd.it/xed9cquvf4e61.png?width=3789&format=png&auto=webp&s=d60d395452b768b7dedfe5f91672ee9972496e15
Here’s a very detailed **article written by Forbes** about the merger! [https://www.forbes.com/sites/douglasyu/2021/01/28/healthy-food-company-stryve-is-going-public-in-anticipated-170-million-spac-ipo/?sh=2d79270a400a](https://www.forbes.com/sites/douglasyu/2021/01/28/healthy-food-company-stryve-is-going-public-in-anticipated-170-million-spac-ipo/?sh=2d79270a400a)
**Stryve Food’s website:** [https://stryve.com/](https://stryve.com/)
**Investor Presentation:** [https://www.sec.gov/Archives/edgar/data/1691936/000149315221001957/ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1691936/000149315221001957/ex99-1.htm)
​
**Price Target:**
ANDA (commons) $15+
ANDAW (warrants) $2.50+
ANDAR (rights) are not a good play. Very limited upside.
​
**TLDR:** Stryve Foods produces all natural, gluten free, protein snacks such as beef jerky. They sell their products at Walmart, Kroger, and on Amazon to name a few. They project **183% revenue growth** in 2021. **ANDA warrants (ANDAW) are trading at $1** which is an absolute STEAL! Yes, **warrants are 1:1**. Commons could also be a good play since ANDA’s float is extremely small.
| 13 |
TexanBulldog
| 1,611,867,569 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l78nen/anda_to_merge_with_stryve_foods_heres_why_im/
|
l6bo1e
|
gkzn782
|
YUP! This stock is worth its weight in gold.
If you have ethical concerns, sell your TFANGMAN positions, along with Palantir, pharma stocks, chipmakers, China stocks, social media, etc.
The Holier than Thou bullshit is fucking embarrassing.
| 38 |
Liquicity
| 1,611,776,429 |
People whining about VGAC - 23andMe because of privacy violations...
|
But have no problem investing in Google, Facebook, Apple, and Amazon.
​
Da fuck? Having the worlds largest DNA warehouse opens to the door to pharmaceutical partnerships, therapeutic partnerships, health insurance companies, fitness companies, CRSPR, Illumina ...just about anything to do with health and research. Sign my ass the fuck up!
Edit: Thanks for gold!!
| 53 |
natelifts
| 1,611,773,519 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l6bo1e/people_whining_about_vgac_23andme_because_of/
|
l6bo1e
|
gl0xxnr
|
When queen Cathie buys that viewpoint will change quick.
| 10 |
goldenshovelburial
| 1,611,794,697 |
People whining about VGAC - 23andMe because of privacy violations...
|
But have no problem investing in Google, Facebook, Apple, and Amazon.
​
Da fuck? Having the worlds largest DNA warehouse opens to the door to pharmaceutical partnerships, therapeutic partnerships, health insurance companies, fitness companies, CRSPR, Illumina ...just about anything to do with health and research. Sign my ass the fuck up!
Edit: Thanks for gold!!
| 53 |
natelifts
| 1,611,773,519 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l6bo1e/people_whining_about_vgac_23andme_because_of/
|
l6bo1e
|
gl0jnu3
|
The overreaction is crazy! First of all, they won’t share your information with anyone without your expressed consent. Testing won’t harm you in any way. It’s important testing too, like letting you know if you have cancer genes. I am a customer and I love this company!
Privacy Policies
https://www.23andme.com/about/privacy/?nyh=nomo&ban=fhht
| 8 |
mythoughts2020
| 1,611,789,251 |
People whining about VGAC - 23andMe because of privacy violations...
|
But have no problem investing in Google, Facebook, Apple, and Amazon.
​
Da fuck? Having the worlds largest DNA warehouse opens to the door to pharmaceutical partnerships, therapeutic partnerships, health insurance companies, fitness companies, CRSPR, Illumina ...just about anything to do with health and research. Sign my ass the fuck up!
Edit: Thanks for gold!!
| 53 |
natelifts
| 1,611,773,519 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l6bo1e/people_whining_about_vgac_23andme_because_of/
|
l6bo1e
|
gl03eig
|
When I heard 23andme was a target, I immediately thought "cha-ching!" Seriously considering selling off my CCIV tomorrow morning for VGAC.
| 6 |
onemananswerfactory
| 1,611,782,759 |
People whining about VGAC - 23andMe because of privacy violations...
|
But have no problem investing in Google, Facebook, Apple, and Amazon.
​
Da fuck? Having the worlds largest DNA warehouse opens to the door to pharmaceutical partnerships, therapeutic partnerships, health insurance companies, fitness companies, CRSPR, Illumina ...just about anything to do with health and research. Sign my ass the fuck up!
Edit: Thanks for gold!!
| 53 |
natelifts
| 1,611,773,519 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/l6bo1e/people_whining_about_vgac_23andme_because_of/
|
kxoj5r
|
gjbrl2c
|
Thanks! I need it simple and understandable :)
| 6 |
Traideren
| 1,610,700,293 |
Analysis on $GIK
|
Been lurking for a while here, figured it's time to give back to the community. Let’s have a look today at Lightning E-Motors, an EV company focused on fleet electrification and cutting out fuel consumption. They are in advanced talks to go public through a merger with blank-check firm GigCapital3.
We’ve seen the moonshots of its peers in recent months like PIC, or XL Fleet, NGA, or Lion Electric, SHLL, or Hyliion way back when, yet GIK has flow under the radar and has yet to develop a cult following or obtain any mainstream attention as of yet.
Some pertinent details Below.
[Partnered with PLUG](https://lightningemotors.com/plug-power-partners-with-lightning-systems-to-build-zero-emission-middle-mile-delivery-solution/)
[Working with AMAZON](https://www.youtube.com/watch?v=FD1mXFSTIEU&ab_channel=LightningeMotors)
[Partnered with ABC companies, one of US's leading coach companies](https://www.greencarcongress.com/2020/10/20201031-abc.html)
\-The merger is expected to close anywhere from mid-Feb to late-March (stated by CEO Tim Reeser via Twitter), so there is still time to get in before major catalysts make this pop.
\-$67B Total Addressable Market, 120 Vehicles already on the road, 1500 on order, 2020 and 2021E sales already locked in w/ purchase orders.
\-Absolutely blue chip customer base which includes Amazon, Plug Power, ABC, DHL, and the State of California.
Interesting infographic below that details Lightning's strategy operational capability. I know, I know, Nikola does not exactly set the bar high, but it's funny that it's there.
https://preview.redd.it/mitikajfsfb61.png?width=1270&format=png&auto=webp&s=a66d3c3645df5507792748a8507ee6d830ac3750
Tangible products and a proven concept/design
https://preview.redd.it/3qbjmlletfb61.png?width=1239&format=png&auto=webp&s=4c4229dc8ecf47686f07890da82ee0d5b5051e35
This a play with some tremendous upside. We saw volume was huge today as some of the other "under-appreciated" EV plays like this one were finally gaining traction. Noticed that warrants did not appreciate in value quite as much as expected relative to the shares.
Positions: 669 shares and 1500 warrants. Will be looking to add to this position soon, but currently jacked to the tits in other SPACs
| 34 |
ihatemoney69
| 1,610,690,924 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kxoj5r/analysis_on_gik/
|
kxoj5r
|
gjc2j24
|
u forgot about the partnership with RMO, another winner.
| 5 |
Kindly-Product2660
| 1,610,711,238 |
Analysis on $GIK
|
Been lurking for a while here, figured it's time to give back to the community. Let’s have a look today at Lightning E-Motors, an EV company focused on fleet electrification and cutting out fuel consumption. They are in advanced talks to go public through a merger with blank-check firm GigCapital3.
We’ve seen the moonshots of its peers in recent months like PIC, or XL Fleet, NGA, or Lion Electric, SHLL, or Hyliion way back when, yet GIK has flow under the radar and has yet to develop a cult following or obtain any mainstream attention as of yet.
Some pertinent details Below.
[Partnered with PLUG](https://lightningemotors.com/plug-power-partners-with-lightning-systems-to-build-zero-emission-middle-mile-delivery-solution/)
[Working with AMAZON](https://www.youtube.com/watch?v=FD1mXFSTIEU&ab_channel=LightningeMotors)
[Partnered with ABC companies, one of US's leading coach companies](https://www.greencarcongress.com/2020/10/20201031-abc.html)
\-The merger is expected to close anywhere from mid-Feb to late-March (stated by CEO Tim Reeser via Twitter), so there is still time to get in before major catalysts make this pop.
\-$67B Total Addressable Market, 120 Vehicles already on the road, 1500 on order, 2020 and 2021E sales already locked in w/ purchase orders.
\-Absolutely blue chip customer base which includes Amazon, Plug Power, ABC, DHL, and the State of California.
Interesting infographic below that details Lightning's strategy operational capability. I know, I know, Nikola does not exactly set the bar high, but it's funny that it's there.
https://preview.redd.it/mitikajfsfb61.png?width=1270&format=png&auto=webp&s=a66d3c3645df5507792748a8507ee6d830ac3750
Tangible products and a proven concept/design
https://preview.redd.it/3qbjmlletfb61.png?width=1239&format=png&auto=webp&s=4c4229dc8ecf47686f07890da82ee0d5b5051e35
This a play with some tremendous upside. We saw volume was huge today as some of the other "under-appreciated" EV plays like this one were finally gaining traction. Noticed that warrants did not appreciate in value quite as much as expected relative to the shares.
Positions: 669 shares and 1500 warrants. Will be looking to add to this position soon, but currently jacked to the tits in other SPACs
| 34 |
ihatemoney69
| 1,610,690,924 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kxoj5r/analysis_on_gik/
|
kx5hgb
|
gj84jy3
|
Good read to start the morning off. Thank you for your thoughts
| 38 |
TheBanker89
| 1,610,631,107 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj86ips
|
Buying GIK for a long time at $13 but it never rises like XL and NGA. To the moon please🚀
| 17 |
BlueberryEcstasy
| 1,610,632,326 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj8di0a
|
Man i love this DD btw. New to this sub and loved this post format.
More please! Thank you
| 6 |
Charmingly_Conniving
| 1,610,636,109 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj8e997
|
Good write up, wished you mentioned your opinion on CIIC too!
| 8 |
ooooolakmi
| 1,610,636,480 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj8618m
|
Out of the announced EV plays, I think GIK holds the most value too. I've been accumulating in the 13's when it dips there. Feels like limited downside there with a lot of upside left in it.
| 13 |
InsertCreativeNMhere
| 1,610,632,034 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj89fib
|
I love NGA, I’m long NGA, I’d advise anyone buying NGA right now that you’re entering the territory where everyone references losing money post merger on SPAC deals in the short term post merger. Right now they’d be valued at like 30x 2021 estimated sales, so based an actual they’re valued much higher than a TSLA for comparison.
| 8 |
snyder810
| 1,610,633,988 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kx5hgb
|
gj89jeq
|
Nice overview. I'd add that $GIK has delivered to Amazon, their vans are visible in this commercial https://youtu.be/hZ1KURWf74o
$NGA fans are definitely pushing the "Amazon" aspect but the truth is Amazon is going to contract every electric van manufacturer in North America with how big they are. $GIK has also built vans for IKEA and DHL (thanks to the user here who posted campus pics).
| 7 |
goober-5
| 1,610,634,047 |
War of the Medium/Heavy duty EV SPACs – the Good, the Bad and the Shady
|
I have finally taken some time to analyze several hot EV SPACs, I wanted to focus on FIII, GIK, NGA, ACTC and XL Fleet this time since those 5 are kind of similar. That’s why I left out Canoo, Arrival and Lucid. I am not a financial advisor and do your own research before investing. I have read many reports which have brought me money and I just wanted to return something to the community. Feel free to disagree and share your thoughts. Big wall of text ahead, you have been warned!
So let’s begin:
**FIII/ Electric last mile**
First one on the menu is FIII, merging with Electric Last which is basically a new US entity formed by a Chinese company called Sokon founded in 2020. Sokon is apparently big in China where they have sold 30k electric vans on Asian market so they just want to do a copy paste and do the same in US. Sokon is in the US market since 2016. through owning a EV company called Seres.
**The good**
\- They have **100k capacity Indiana powerplant** (kept 430 employees) which was acquired by Seres previously, IMO this is big and provides a great platform to deliver good numbers
\- Previous experience in building vans in China, all they have to do is copy paste
\- They claim to have 30k signed preorders
**The bad**
\- No product has been delivered yet, 0 revenue so far, US entity founded just prior the deal, final purchase of the preorders are contingent upon satisfaction of customer requirement
\- Only one Minivan offering planned in near future
**The shady**
\- Sokon is not new to the US markets and their older company Seres (since 2016) has absolutely awful reviews on Glassdoor, **only 16% of employees approve of the CEO**, Seres had big plans to deliver SUVs to the market but those plans have been unsuccessful so far, I know Seres is not ELS but it tells about their company culture
**Conclusion:** If they make it happen they could be big, my biggest concern is that they have been very unsuccessful with their previous venture, IMO the reason they decided to form a new entity and not to merge through already existing Seres company is because they knew people would find bad reviews and they wanted to rebrand themselves. However, if their company culture in the USA had big problems and employees who are in general extremely unhappy with management, what would make it different this time? What I have to add is that their CEO will be a previous Workhorse CEO and he might create a different working environment.
Short term swing: yes, I can see it getting to 17/18 mostly because nobody is going to dig deep enough to see their previous failures. However, I prefer to pass it and to invest my money in others.
Long term hold: definitely sell before merger if you are in, buy again if their plant starts actually delivering good vans, I am very skeptical of their business. I would bet against their projections considering everything I found out from their Seres employees.
**GIK/Lightning eMotors**
Here we have a market leader in Class 3-7 vehicles electrification, they are already having 120 vehicles on the road. They are offering commercial ZEVs (both battery and fuel cells) and Charging solutions.
**The Good**
\- 1500 already ordered vehicles from key customers, 20 new customers and 10 repeat orders which means they are doing quality work
\- Tons of strategic partnerships in place, **Already received purchase orders to fulfill 100% of 2020E and 2021E revenue**
\- Electric repower will be the way to go for a lot of businesses, eg. If you already have a Bus fleet, would you go to Proterra, order one and wait for two years or would you pay 50% less to GIK and electrify your bus in 6 months?
\- Insanely low starting valuation at 0.6b
**The Bad**
\- Out of all EV spacs they got only 225 mil from GIK and PIPE which isn’t much and might influence their expansion potential
**Conclusion:** I love GIK, they are legit, they have vehicles on the road, customers are happy, they have scheduled orders until the end of the year. Big question is how they are going to be successful in scaling the business. Current share price of 14.3$ gives the company valuation of 1.1b which is a steal. I am in it, I expect it to run up to 20$, depending on the run I will decide how much I will sell, might hold some after merger.
**ACTC/Proterra**
We waited and waited and this was one of the craziest market reactions, I believe the price went to 18 in 30 minutes, however is it worth the hype?
Proterra claims to have 50%+ electric bus market share and has already delivered 1000+ vehicles which makes it very legit. They serve powertrains, buses and charging solutions. Also, in comparison to FIII deal here 86% of employees approve of the CEO
**The good**
\- Already delivered 1k vehicles with the **biggest revenue of all EV Spacs sitting at 193mm** in 2020. (FIII has 0, GIK 9, XL 21, NGA 29)
\- $750MM+ of Orders and Backlog
\- Close ties to Biden, might make big government deals easy
\- 278mm from ACTC + 415mm from PIPE (be aware of the post merger dump) gives them the most funds to make it happen
**The Bad**
\- IMO them being only focused on Buses slows growth potential, they aren’t active in any other EV category and do not plan to be, this can also be good in a way they will not try to do to many things at once which is a risk for some other companies
\- Their competition is actually quite big, several employees have pointed out in their reviews that it will not be an easy market in future at all
**The Shady**
\- Their Investor presentation (while being the most beautiful one) screams insecurity when they talk about competition which is a big red flag for me. They compared themselves with Arrival, Nikola, Romeo and even Canoo?! Its like comparing apples to oranges. Why haven’t they mentioned Lion Electric which also has proven products on the road? No mention of BYD or NFI-New Flyer Industries comparisons which also has EV buses. EG. NYC bought both Proterra and NFI buses but decided to buy again only from NFI. I am no expert but if they are claiming to have the best buses they shouldn’t be afraid to mention competition and how they are better. I have found their buses are supposed to have better specs than BYD but no data on NFI.
EDIT: Few thought from u/kvncls who thinks I had a too negative outlook and didnt agree with some of my points, I find his insight valuable:
- Most of their profits in the next 5 years are NOT coming from selling buses. Their main thing is providing EV powertrains and batteries to other commercial OEMs, primarily Daimler. Plus, they’re not only building buses. They’re building trucks. They’re building batteries. They’re building fully-realized powertrains. They’re building EV charging stations for fleets of buses/trucks.
- They also have a major investor in Daimler, who also happens to be their biggest customer. Daimler’s got $50B in revenue in 2020 and ~520k vehicles sold. How is this not mentioned at all? Proterra is building out batteries and EV powertrains for them at a scale HYLN could only dream of.
-Arrival, Nikola, Romeo, and Canoo are ALL competitors. Why? Because they all have products related to Proterra.
• Arrival builds transit buses/trucks. 0 revenue. All promises.
• Nikola builds Class-8 trucks. 0 revenue. All promises
• Romeo builds batteries. 11M revenue. They have product.
• Canoo builds buses/vans/trucks. 0 revenue. All promises.
• You missed this, but they also compared their selves to Hyliion which has 0 revenue, all promises.
• You missed this, but they also compared their selves to Chargepoint. Why? Because Proterra builds EV charging stations for fleets of buses/trucks.
Proterra literally does all of those things and has bigger revenues than all of them combined.
My response: What I mean when I said they are only focused on Buses (I agree i should have explained it better, English is not my native language) is that they are only building buses (while others are involved in building their own trucks/vans, Proterra is providing powertrains to OEMs), I meant that if they had their own van/truck their growth potential would be bigger. Regarding their competitors: they literally put a slide saying “Other mobility Technology Players: PowerPoint and Prototypes” - this is not true, they have competitors thar have real products and revenue but they decided to put the companies they can easily bash. Why arent Lion, BYD or NFI group there? Those are real companies with real products and revenue. Those companise should be listed on page 13 and 14 and not Canoo. You list Cannoo, Nikola and Arrival if you want to look better and hide your real competitors. Thats what I meant when I said they didn't mention their true competitors (only Lion a bit later). I do agree that Daimler partnership is a big one, someone also mentioned it here. I will edit my post to add your thoughts, thanks for participating.
End of EDIT.
**Conclusion:** At current share price of 23$ the company is valued at 5.5 billion. NFI Group is the largest bus manufacturer in USA with annual revenue of 2.9 billion; they have currently around 300 EV buses on the road but plan to have way more. NFI group is being valued at 1.9 billion. Make of that what you want. I am no EV bus expert to make good conclusions who has the best ones. Am I in Prottera? Oh yes I am and I will buy more warrants, market loves Proterra, nobody is going to think about their competition and challenges short term; once Biden says EV Buses on inauguration it will shoot up. Will I hold through merger? No.
**XL FLeet**
XL Fleet the market leader in fleet electrification solutions, with proven, proprietary technology and electrification systems and solutions that work across a wide range of vehicle classes and types, they have already 3000 vehicles on the road.
**The good**
\- Over 200 fleet customers with **3,000+ systems deployed**, 130+ million customer driven miles
\- Already having established production (6k per year capacity) they can scale to 100,000+ units annually
\- **Big demand from business who have good fleets where is makes no financial sense to buy new EV vehicles**
**The Bad**
\- No EV solution yet only hybrid, expected in to have one in 2023, being two years behind their competition if a big minus
In general, XL Fleet is sitting at 2.8b valuation which I do consider a buy at 22$. We have also that Citron report with the PT of 60$ which is a bit too much IMO but I can see them growing their business with their hybrid offer and after that who knows, it all depends on their EV solution. I am not in it just because I believe there are better plays currently.
**NGA/Lion Electric**
I left this one for the end and IMO this is the best company to invest in. They are focused on medium and heavy duty EVs, they have 300 vehicles on the road and their Quebec facility can produce 2500 vehicles per year. On the wings of Amazon I believe they will be big.
**The Good**
\- 100% built in the house vehicles, 7 vehicles already available today, 4 trucks, 3 buses
\- **Amazon partnership – 2500 vehicles on schedule + option to buy 20% of the company**
\- Opening high volume production facility in the USA, CEO said it will be producing 20k vehicles per year, announcement could be any day soon
**The Bad**
\- Only negative I can see that it has already gone up a lot, also 300 vehicles on the road after 12 years aren’t that much, having in mind their production facility with 2.5k vehicles potential
**Conclusion:** So many great things here, proven products, partnership with the best company to have as a partner – Amazon, new factory and a legit CEO to lead this. Think about Nikola – no product, just a truck prototype - its trading at 7.7 billlion. Lion Electric - even at the price of 31$ is valued at 4.9 billion. I can see it doubling until the end of the year. Even though we had the Amazon and Cramer pump there is still the new factory announcement and probably Biden talk which will be a big push for all EV.
///
**My personal strategy:** I am already in GIK, ACTC and NGA, I will skip FIII and XL Fleet for now. I am buying more GIK warrants today, I believe that play has the best value right now short term. I will buy more ACTC warrants hoping for a pullback. Merger date might be far away which might cause the stock to bleed but I do want to have a stronger position before the Biden speech. NGA has run up a lot and we will probably have profit taking soon, might be smart to wait a bit. If you are thinking long term then get NGA warrants even with today’s prices. Warrants are 12.5$ which means you value the company at just 3.2b. IMO warrants in all three SPACs are a better buy than commons.
I believe we will have a big EV boost post Biden inauguration. He wants to go EV with all the buses, first ones will be School Buses which will be great for Proterra and Lion, the demand is so big there is enough for everyone.
| 385 |
optimus93
| 1,610,630,372 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kx5hgb/war_of_the_mediumheavy_duty_ev_spacs_the_good_the/
|
kwanp2
|
gj37skp
|
After listening to the Podcast interview with Tim Reeser this weekend, the white glove service of Lightning EMotors is what really stood out. Their monitoring software will alert them of a problem beginning and allow them to dispatch a repair team as they are contacting the customer to alert them of the problem. Minimized down time is what fleet customers are looking for.
| 21 |
Paintball26
| 1,610,519,763 |
$GIK High Conviction Trade Report Thesis (Lighting eMotors ---> $ZEV) EV SPAC
|
Here is a Google Doc link of a High Conviction Trade for an EV SPAC
[https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub](https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub)
Here is a snippet of the trade report:
Company Overview
GigCapital3 ($GIK) has entered into an agreement to merge with Lightning eMotors. Lightning eMotors manufactures powertrains, complete vehicles, and charging solutions for the zero-emission medium-duty commercial market. The company was founded in 2008 and has a manufacturing facility in Loveland, Colorado. There are already 120 vehicles on-road, 1500 vehicles on order. 100% of 2021 and the majority of 2022 are already contracted. They hold a 50% market share in[ class 3 to class 6](https://www.fhwa.dot.gov/policyinformation/tmguide/tmg_2013/images/figurec-1.jpg) electric vehicles. The ticker symbol will change to $ZEV (cool ticker symbol) upon merging which is set tentatively for mid-February, 2021.
Product and Business
* All commercial vehicles are built in 2 stages - OEM → Upfitter (Upfitters are responsible for decking out the trucks based on customer’s requirements. An ambulance truck’s interiors are different from a telecom providers’ truck) → Customer.
* ZEV is in the business of manufacturing complete vehicles (based on chassis from OEMs), electrifying the existing fleet (this is basically removing the combustion engine and making it fully electric), charging stations, fleet management software, and financing the purchase orders.
KeyPoints
* A lot of interest has been towards companies like Hyliion, Rivian , Canoo, Arrival. Yes, they look really nice and sleek. But it presents a huge problem for fleet operators - The vehicles have not been tested to be able to depend on them and there is virtually no service partners or services network in the US. If a rearview mirror breaks down, it might take a week or more to receive them. Any downtime is loss of revenue for fleet operators. As ZEV orders its chassis from OEMs like GM, Ford, Hino, Isuzu, and Navistar, they are able to receive spare parts in a matter of hours if not days. Also, the warranty from OEMs carries over as well. This is a huge advantage that ZEV will have over other companies entering this space.
* Last-mile fleets run 8 classes of vehicles from multiple OEMs (no OEM offers everything). ZEV is the only supplier today that has class 3, 4, 5, 6, 7, and Fuel cell trucks/vans. Ford, Rivian, and Arrival have announced Class 2 EVs only. ZEV operates in a niche segment where it does not make business sense for OEMs to channel investments into. The Class 3 and above commercial segment is characterized by low volumes and diverse operational requirements.
* ZEV can build/assemble about 15 Class 3 and 4 powertrains and vehicles per week right now on a single 8-hour shift. The coaches take a lot longer as they are much more complicated and not yet as automated (but much higher price). This production capacity only equates to less than 4K class 3 and class 4 vehicles. They need serious cash to be able to expand their manufacturing capacity to build 25k vehicles by 2025.
* More eyeballs on the[ Amazon vehicles in San Diego](https://www.youtube.com/watch?v=hZ1KURWf74o&feature=youtu.be) provided by ZEV. One should remember that Amazon will never be able to source their entire fleet from a sole operator including Rivian. The pie is big enough to be shared by several players in this space.
Risks
* Execution risk as they try to expand their manufacturing facility to 750,000 sq.ft which is only currently at 250,000 sq.ft.
* GigCaptial3, the SPAC sponsor does not seem to be bringing anything valuable to the table. They seem to be really good at providing 'SPAC in a box' type service, which in this case is perfect for ZEV as they are basically looking for more cash infusion and do not have to worry about all financial and regulatory concerns in going public.
* As more competitors enter the space in the next 2 to 3 years, it could be a little harder in differentiating.
Conclusion
Read Google Doc for full conclusion please because the images are not loading properly on reddit when I copy and paste them over
| 75 |
Pathoes
| 1,610,518,636 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kwanp2/gik_high_conviction_trade_report_thesis_lighting/
|
kwanp2
|
gj374sv
|
an additional keypoint is the spac company managed to obtain a very low undervalued valuation for Lightning Emotors. this is very favourable compared to those which have higher ones and their valuation may be an issue.
| 15 |
PumpkinPuzzlehead
| 1,610,519,222 |
$GIK High Conviction Trade Report Thesis (Lighting eMotors ---> $ZEV) EV SPAC
|
Here is a Google Doc link of a High Conviction Trade for an EV SPAC
[https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub](https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub)
Here is a snippet of the trade report:
Company Overview
GigCapital3 ($GIK) has entered into an agreement to merge with Lightning eMotors. Lightning eMotors manufactures powertrains, complete vehicles, and charging solutions for the zero-emission medium-duty commercial market. The company was founded in 2008 and has a manufacturing facility in Loveland, Colorado. There are already 120 vehicles on-road, 1500 vehicles on order. 100% of 2021 and the majority of 2022 are already contracted. They hold a 50% market share in[ class 3 to class 6](https://www.fhwa.dot.gov/policyinformation/tmguide/tmg_2013/images/figurec-1.jpg) electric vehicles. The ticker symbol will change to $ZEV (cool ticker symbol) upon merging which is set tentatively for mid-February, 2021.
Product and Business
* All commercial vehicles are built in 2 stages - OEM → Upfitter (Upfitters are responsible for decking out the trucks based on customer’s requirements. An ambulance truck’s interiors are different from a telecom providers’ truck) → Customer.
* ZEV is in the business of manufacturing complete vehicles (based on chassis from OEMs), electrifying the existing fleet (this is basically removing the combustion engine and making it fully electric), charging stations, fleet management software, and financing the purchase orders.
KeyPoints
* A lot of interest has been towards companies like Hyliion, Rivian , Canoo, Arrival. Yes, they look really nice and sleek. But it presents a huge problem for fleet operators - The vehicles have not been tested to be able to depend on them and there is virtually no service partners or services network in the US. If a rearview mirror breaks down, it might take a week or more to receive them. Any downtime is loss of revenue for fleet operators. As ZEV orders its chassis from OEMs like GM, Ford, Hino, Isuzu, and Navistar, they are able to receive spare parts in a matter of hours if not days. Also, the warranty from OEMs carries over as well. This is a huge advantage that ZEV will have over other companies entering this space.
* Last-mile fleets run 8 classes of vehicles from multiple OEMs (no OEM offers everything). ZEV is the only supplier today that has class 3, 4, 5, 6, 7, and Fuel cell trucks/vans. Ford, Rivian, and Arrival have announced Class 2 EVs only. ZEV operates in a niche segment where it does not make business sense for OEMs to channel investments into. The Class 3 and above commercial segment is characterized by low volumes and diverse operational requirements.
* ZEV can build/assemble about 15 Class 3 and 4 powertrains and vehicles per week right now on a single 8-hour shift. The coaches take a lot longer as they are much more complicated and not yet as automated (but much higher price). This production capacity only equates to less than 4K class 3 and class 4 vehicles. They need serious cash to be able to expand their manufacturing capacity to build 25k vehicles by 2025.
* More eyeballs on the[ Amazon vehicles in San Diego](https://www.youtube.com/watch?v=hZ1KURWf74o&feature=youtu.be) provided by ZEV. One should remember that Amazon will never be able to source their entire fleet from a sole operator including Rivian. The pie is big enough to be shared by several players in this space.
Risks
* Execution risk as they try to expand their manufacturing facility to 750,000 sq.ft which is only currently at 250,000 sq.ft.
* GigCaptial3, the SPAC sponsor does not seem to be bringing anything valuable to the table. They seem to be really good at providing 'SPAC in a box' type service, which in this case is perfect for ZEV as they are basically looking for more cash infusion and do not have to worry about all financial and regulatory concerns in going public.
* As more competitors enter the space in the next 2 to 3 years, it could be a little harder in differentiating.
Conclusion
Read Google Doc for full conclusion please because the images are not loading properly on reddit when I copy and paste them over
| 75 |
Pathoes
| 1,610,518,636 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kwanp2/gik_high_conviction_trade_report_thesis_lighting/
|
kwanp2
|
gj3vuw3
|
additional DD https://www.reddit.com/user/ComputerTE1996/comments/kt7i25/undervalued_ev_this_is_my_next_big_ev_play/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
| 6 |
khaldugoo
| 1,610,542,459 |
$GIK High Conviction Trade Report Thesis (Lighting eMotors ---> $ZEV) EV SPAC
|
Here is a Google Doc link of a High Conviction Trade for an EV SPAC
[https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub](https://docs.google.com/document/d/e/2PACX-1vTv5eBc31GcavG7LfIu6hmwYWcQrtctRvWE9OntKDq99BW5RRLELh7gMf2IwkCqnt9kHj9MxKs0S9Ky/pub)
Here is a snippet of the trade report:
Company Overview
GigCapital3 ($GIK) has entered into an agreement to merge with Lightning eMotors. Lightning eMotors manufactures powertrains, complete vehicles, and charging solutions for the zero-emission medium-duty commercial market. The company was founded in 2008 and has a manufacturing facility in Loveland, Colorado. There are already 120 vehicles on-road, 1500 vehicles on order. 100% of 2021 and the majority of 2022 are already contracted. They hold a 50% market share in[ class 3 to class 6](https://www.fhwa.dot.gov/policyinformation/tmguide/tmg_2013/images/figurec-1.jpg) electric vehicles. The ticker symbol will change to $ZEV (cool ticker symbol) upon merging which is set tentatively for mid-February, 2021.
Product and Business
* All commercial vehicles are built in 2 stages - OEM → Upfitter (Upfitters are responsible for decking out the trucks based on customer’s requirements. An ambulance truck’s interiors are different from a telecom providers’ truck) → Customer.
* ZEV is in the business of manufacturing complete vehicles (based on chassis from OEMs), electrifying the existing fleet (this is basically removing the combustion engine and making it fully electric), charging stations, fleet management software, and financing the purchase orders.
KeyPoints
* A lot of interest has been towards companies like Hyliion, Rivian , Canoo, Arrival. Yes, they look really nice and sleek. But it presents a huge problem for fleet operators - The vehicles have not been tested to be able to depend on them and there is virtually no service partners or services network in the US. If a rearview mirror breaks down, it might take a week or more to receive them. Any downtime is loss of revenue for fleet operators. As ZEV orders its chassis from OEMs like GM, Ford, Hino, Isuzu, and Navistar, they are able to receive spare parts in a matter of hours if not days. Also, the warranty from OEMs carries over as well. This is a huge advantage that ZEV will have over other companies entering this space.
* Last-mile fleets run 8 classes of vehicles from multiple OEMs (no OEM offers everything). ZEV is the only supplier today that has class 3, 4, 5, 6, 7, and Fuel cell trucks/vans. Ford, Rivian, and Arrival have announced Class 2 EVs only. ZEV operates in a niche segment where it does not make business sense for OEMs to channel investments into. The Class 3 and above commercial segment is characterized by low volumes and diverse operational requirements.
* ZEV can build/assemble about 15 Class 3 and 4 powertrains and vehicles per week right now on a single 8-hour shift. The coaches take a lot longer as they are much more complicated and not yet as automated (but much higher price). This production capacity only equates to less than 4K class 3 and class 4 vehicles. They need serious cash to be able to expand their manufacturing capacity to build 25k vehicles by 2025.
* More eyeballs on the[ Amazon vehicles in San Diego](https://www.youtube.com/watch?v=hZ1KURWf74o&feature=youtu.be) provided by ZEV. One should remember that Amazon will never be able to source their entire fleet from a sole operator including Rivian. The pie is big enough to be shared by several players in this space.
Risks
* Execution risk as they try to expand their manufacturing facility to 750,000 sq.ft which is only currently at 250,000 sq.ft.
* GigCaptial3, the SPAC sponsor does not seem to be bringing anything valuable to the table. They seem to be really good at providing 'SPAC in a box' type service, which in this case is perfect for ZEV as they are basically looking for more cash infusion and do not have to worry about all financial and regulatory concerns in going public.
* As more competitors enter the space in the next 2 to 3 years, it could be a little harder in differentiating.
Conclusion
Read Google Doc for full conclusion please because the images are not loading properly on reddit when I copy and paste them over
| 75 |
Pathoes
| 1,610,518,636 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kwanp2/gik_high_conviction_trade_report_thesis_lighting/
|
kvuii1
|
gj0f3oj
|
Already in, but thanks for the DD.
If the rumour is true, it still looks like very good value at $14.50.
Could see this going to at least $30 when substantiated.
| 25 |
Laughingboy14
| 1,610,467,921 |
$CCIV and $AMZN Partnership | Extensive DD on Lucid Motors and Churchill SPAC
|
$CCIV had a volume of 108 million shares yesterday that’s over DOUBLE what the S and P 500 index had!
Video version with visuals and sources—> https://youtu.be/B-8C2kXkoCw
I would highly recommend the above video, as it is engaging and has great visuals for all the info.
Anyways,
Big news hit the markets yesterday when Bloomberg released this article [Here ](https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac)explaining how Lucid Motors was in talks with Michael Klein’s SPAC. BUT most of you reading this have probably heard this news already, so instead of regurgitating the same hype that everyone else does, I’m going to give you a bunch of DD about CCIV.
Investor place and Bloomberg have both said if Lucid actually goes public through CCIV that the valuation would become $15 billion. BUT IF THERES ANYTHING WE’VE learned about ELECTRIC HYPE VEHICLE VALUATIONS it’s they’re completely meaningless and you may as well double or even triple it. Cough Tesla and NIO. I need to repeat this We had a volume of 102 million shares yesterday! If that doesn’t tell you that this will be HUGE once the DA is finalized, then I don’t know what else will.
Oh wait I have something or someone else that will tell you this will be big. One Name: Andrew Liveris
Andrew Liveris serves on the Board of Directors of Saudi Aramco, IBM and Novonix. PLUS is a board member for Lucid and Churchill, which is the SPAC, CCIV. Another highlighting part here is their ties with Saudi oil. In September 18th 2017, Lucid motors was in talks with the public investment fund of Saudi Arabia valued at over $1billion. Now, The Saudi’s own 50% of Lucid Motors. Starting to see the ties here??
So, let’s assume Lucid Motors is going public through CCIV. What does this mean for us?
Well, their car Lucid Air is the fastest charging, longest range and best performance luxury EV in market. Deliveries start Quarter 2 2021 as they completed their factory in AZ and CEO Peter Rawlinson was previously responsible for developing the Model S with Tesla. So, they definitely know what they’re doing.
Another key takeaway: Lucid Motors is currently hiring and has 560 jobs available, this can actually be a good catalyst too because this means there’s tons of room for growth. We saw this previously in my videos for ticker APPS. The company has since gone 800% in its stock price and is sitting above $50 a share.
PLUS, did I mention they have a partnership with Amazon?? In this CNBC article: [Here](https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/10/ceo-of-tesla-rival-lucid-motors-on-partnership-with-amazon-for-alexa.html) we can see that Lucid Motors is in a partnership with Amazon for Alexa compatibility in their car. This is really big and not many people are talking about this. Amazon in itself is an amazing asset to have. We’ve seen how big this can be with SPAC’s like $NGA and $GIK
If this rumor is true, which I believe it is, then we’re about to witness the biggest SPAC Attack ever. A company that could potentially compete with Tesla and NIO. If you like my info so far, please subscribe as these videos take me 6-8 hours to make for free.
Anyways, not only is the news good, but every single forum, group and stock channel is talking about this SPAC. The hype and FOMO will continue to be unreal leading up to the DA.
disclaimer: I already have a position of Commons at $12.22 a share but will be watching how this plays out as it’s super overbought, rightly fully so. Once the DA news hits, ideally within the next month, then the algos will take this to around 17-20 a share in my opinion (assuming it sits in the 13-15 range, which it probably won’t)
One crucial aspect to note is that a bunch of institutional shares were purchased yesterday, making this SPAC a prime target for heavy manipulation in the future, as we’ve seen with many other SPAC’s before. DONT be surprised when it falls big time one day in the future after it becomes overextended.
Anyways, I’m holding these common shares for a long time if the rumor is in fact true, and I hope you enjoyed my DD today and will consider holding as well.
More info and visuals are in my video as well, so feel free to check it out—> https://youtu.be/B-8C2kXkoCw
| 83 |
Caluslinky-Films
| 1,610,467,678 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kvuii1/cciv_and_amzn_partnership_extensive_dd_on_lucid/
|
kvuii1
|
gj0hwj0
|
I sold on the rumor. Will buy back when half this sub gives up in 3 days when there’s no confirmation.
| 20 |
adioking
| 1,610,469,249 |
$CCIV and $AMZN Partnership | Extensive DD on Lucid Motors and Churchill SPAC
|
$CCIV had a volume of 108 million shares yesterday that’s over DOUBLE what the S and P 500 index had!
Video version with visuals and sources—> https://youtu.be/B-8C2kXkoCw
I would highly recommend the above video, as it is engaging and has great visuals for all the info.
Anyways,
Big news hit the markets yesterday when Bloomberg released this article [Here ](https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac)explaining how Lucid Motors was in talks with Michael Klein’s SPAC. BUT most of you reading this have probably heard this news already, so instead of regurgitating the same hype that everyone else does, I’m going to give you a bunch of DD about CCIV.
Investor place and Bloomberg have both said if Lucid actually goes public through CCIV that the valuation would become $15 billion. BUT IF THERES ANYTHING WE’VE learned about ELECTRIC HYPE VEHICLE VALUATIONS it’s they’re completely meaningless and you may as well double or even triple it. Cough Tesla and NIO. I need to repeat this We had a volume of 102 million shares yesterday! If that doesn’t tell you that this will be HUGE once the DA is finalized, then I don’t know what else will.
Oh wait I have something or someone else that will tell you this will be big. One Name: Andrew Liveris
Andrew Liveris serves on the Board of Directors of Saudi Aramco, IBM and Novonix. PLUS is a board member for Lucid and Churchill, which is the SPAC, CCIV. Another highlighting part here is their ties with Saudi oil. In September 18th 2017, Lucid motors was in talks with the public investment fund of Saudi Arabia valued at over $1billion. Now, The Saudi’s own 50% of Lucid Motors. Starting to see the ties here??
So, let’s assume Lucid Motors is going public through CCIV. What does this mean for us?
Well, their car Lucid Air is the fastest charging, longest range and best performance luxury EV in market. Deliveries start Quarter 2 2021 as they completed their factory in AZ and CEO Peter Rawlinson was previously responsible for developing the Model S with Tesla. So, they definitely know what they’re doing.
Another key takeaway: Lucid Motors is currently hiring and has 560 jobs available, this can actually be a good catalyst too because this means there’s tons of room for growth. We saw this previously in my videos for ticker APPS. The company has since gone 800% in its stock price and is sitting above $50 a share.
PLUS, did I mention they have a partnership with Amazon?? In this CNBC article: [Here](https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/10/ceo-of-tesla-rival-lucid-motors-on-partnership-with-amazon-for-alexa.html) we can see that Lucid Motors is in a partnership with Amazon for Alexa compatibility in their car. This is really big and not many people are talking about this. Amazon in itself is an amazing asset to have. We’ve seen how big this can be with SPAC’s like $NGA and $GIK
If this rumor is true, which I believe it is, then we’re about to witness the biggest SPAC Attack ever. A company that could potentially compete with Tesla and NIO. If you like my info so far, please subscribe as these videos take me 6-8 hours to make for free.
Anyways, not only is the news good, but every single forum, group and stock channel is talking about this SPAC. The hype and FOMO will continue to be unreal leading up to the DA.
disclaimer: I already have a position of Commons at $12.22 a share but will be watching how this plays out as it’s super overbought, rightly fully so. Once the DA news hits, ideally within the next month, then the algos will take this to around 17-20 a share in my opinion (assuming it sits in the 13-15 range, which it probably won’t)
One crucial aspect to note is that a bunch of institutional shares were purchased yesterday, making this SPAC a prime target for heavy manipulation in the future, as we’ve seen with many other SPAC’s before. DONT be surprised when it falls big time one day in the future after it becomes overextended.
Anyways, I’m holding these common shares for a long time if the rumor is in fact true, and I hope you enjoyed my DD today and will consider holding as well.
More info and visuals are in my video as well, so feel free to check it out—> https://youtu.be/B-8C2kXkoCw
| 83 |
Caluslinky-Films
| 1,610,467,678 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kvuii1/cciv_and_amzn_partnership_extensive_dd_on_lucid/
|
kvuii1
|
gj0g7x6
|
Everybody here is going loco on the rumour. Tokopedia and btwn also shared their rumour, when the deal didn’t cone the next 5 days 90% of this sub started freaking out as people here want to see their money double within a week. Know before you step in that it is still a rumour. Be patient guys
| 12 |
Spacman123
| 1,610,468,455 |
$CCIV and $AMZN Partnership | Extensive DD on Lucid Motors and Churchill SPAC
|
$CCIV had a volume of 108 million shares yesterday that’s over DOUBLE what the S and P 500 index had!
Video version with visuals and sources—> https://youtu.be/B-8C2kXkoCw
I would highly recommend the above video, as it is engaging and has great visuals for all the info.
Anyways,
Big news hit the markets yesterday when Bloomberg released this article [Here ](https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac)explaining how Lucid Motors was in talks with Michael Klein’s SPAC. BUT most of you reading this have probably heard this news already, so instead of regurgitating the same hype that everyone else does, I’m going to give you a bunch of DD about CCIV.
Investor place and Bloomberg have both said if Lucid actually goes public through CCIV that the valuation would become $15 billion. BUT IF THERES ANYTHING WE’VE learned about ELECTRIC HYPE VEHICLE VALUATIONS it’s they’re completely meaningless and you may as well double or even triple it. Cough Tesla and NIO. I need to repeat this We had a volume of 102 million shares yesterday! If that doesn’t tell you that this will be HUGE once the DA is finalized, then I don’t know what else will.
Oh wait I have something or someone else that will tell you this will be big. One Name: Andrew Liveris
Andrew Liveris serves on the Board of Directors of Saudi Aramco, IBM and Novonix. PLUS is a board member for Lucid and Churchill, which is the SPAC, CCIV. Another highlighting part here is their ties with Saudi oil. In September 18th 2017, Lucid motors was in talks with the public investment fund of Saudi Arabia valued at over $1billion. Now, The Saudi’s own 50% of Lucid Motors. Starting to see the ties here??
So, let’s assume Lucid Motors is going public through CCIV. What does this mean for us?
Well, their car Lucid Air is the fastest charging, longest range and best performance luxury EV in market. Deliveries start Quarter 2 2021 as they completed their factory in AZ and CEO Peter Rawlinson was previously responsible for developing the Model S with Tesla. So, they definitely know what they’re doing.
Another key takeaway: Lucid Motors is currently hiring and has 560 jobs available, this can actually be a good catalyst too because this means there’s tons of room for growth. We saw this previously in my videos for ticker APPS. The company has since gone 800% in its stock price and is sitting above $50 a share.
PLUS, did I mention they have a partnership with Amazon?? In this CNBC article: [Here](https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/10/ceo-of-tesla-rival-lucid-motors-on-partnership-with-amazon-for-alexa.html) we can see that Lucid Motors is in a partnership with Amazon for Alexa compatibility in their car. This is really big and not many people are talking about this. Amazon in itself is an amazing asset to have. We’ve seen how big this can be with SPAC’s like $NGA and $GIK
If this rumor is true, which I believe it is, then we’re about to witness the biggest SPAC Attack ever. A company that could potentially compete with Tesla and NIO. If you like my info so far, please subscribe as these videos take me 6-8 hours to make for free.
Anyways, not only is the news good, but every single forum, group and stock channel is talking about this SPAC. The hype and FOMO will continue to be unreal leading up to the DA.
disclaimer: I already have a position of Commons at $12.22 a share but will be watching how this plays out as it’s super overbought, rightly fully so. Once the DA news hits, ideally within the next month, then the algos will take this to around 17-20 a share in my opinion (assuming it sits in the 13-15 range, which it probably won’t)
One crucial aspect to note is that a bunch of institutional shares were purchased yesterday, making this SPAC a prime target for heavy manipulation in the future, as we’ve seen with many other SPAC’s before. DONT be surprised when it falls big time one day in the future after it becomes overextended.
Anyways, I’m holding these common shares for a long time if the rumor is in fact true, and I hope you enjoyed my DD today and will consider holding as well.
More info and visuals are in my video as well, so feel free to check it out—> https://youtu.be/B-8C2kXkoCw
| 83 |
Caluslinky-Films
| 1,610,467,678 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kvuii1/cciv_and_amzn_partnership_extensive_dd_on_lucid/
|
kvuii1
|
gj0fj1l
|
https://www.kbb.com/car-news/alexa-in-your-car-these-are-the-vehicles-with-amazon-alexa-built-in/
Many cars have alexa, I don't think this is big news
| 8 |
BerryJeep
| 1,610,468,126 |
$CCIV and $AMZN Partnership | Extensive DD on Lucid Motors and Churchill SPAC
|
$CCIV had a volume of 108 million shares yesterday that’s over DOUBLE what the S and P 500 index had!
Video version with visuals and sources—> https://youtu.be/B-8C2kXkoCw
I would highly recommend the above video, as it is engaging and has great visuals for all the info.
Anyways,
Big news hit the markets yesterday when Bloomberg released this article [Here ](https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac)explaining how Lucid Motors was in talks with Michael Klein’s SPAC. BUT most of you reading this have probably heard this news already, so instead of regurgitating the same hype that everyone else does, I’m going to give you a bunch of DD about CCIV.
Investor place and Bloomberg have both said if Lucid actually goes public through CCIV that the valuation would become $15 billion. BUT IF THERES ANYTHING WE’VE learned about ELECTRIC HYPE VEHICLE VALUATIONS it’s they’re completely meaningless and you may as well double or even triple it. Cough Tesla and NIO. I need to repeat this We had a volume of 102 million shares yesterday! If that doesn’t tell you that this will be HUGE once the DA is finalized, then I don’t know what else will.
Oh wait I have something or someone else that will tell you this will be big. One Name: Andrew Liveris
Andrew Liveris serves on the Board of Directors of Saudi Aramco, IBM and Novonix. PLUS is a board member for Lucid and Churchill, which is the SPAC, CCIV. Another highlighting part here is their ties with Saudi oil. In September 18th 2017, Lucid motors was in talks with the public investment fund of Saudi Arabia valued at over $1billion. Now, The Saudi’s own 50% of Lucid Motors. Starting to see the ties here??
So, let’s assume Lucid Motors is going public through CCIV. What does this mean for us?
Well, their car Lucid Air is the fastest charging, longest range and best performance luxury EV in market. Deliveries start Quarter 2 2021 as they completed their factory in AZ and CEO Peter Rawlinson was previously responsible for developing the Model S with Tesla. So, they definitely know what they’re doing.
Another key takeaway: Lucid Motors is currently hiring and has 560 jobs available, this can actually be a good catalyst too because this means there’s tons of room for growth. We saw this previously in my videos for ticker APPS. The company has since gone 800% in its stock price and is sitting above $50 a share.
PLUS, did I mention they have a partnership with Amazon?? In this CNBC article: [Here](https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/10/ceo-of-tesla-rival-lucid-motors-on-partnership-with-amazon-for-alexa.html) we can see that Lucid Motors is in a partnership with Amazon for Alexa compatibility in their car. This is really big and not many people are talking about this. Amazon in itself is an amazing asset to have. We’ve seen how big this can be with SPAC’s like $NGA and $GIK
If this rumor is true, which I believe it is, then we’re about to witness the biggest SPAC Attack ever. A company that could potentially compete with Tesla and NIO. If you like my info so far, please subscribe as these videos take me 6-8 hours to make for free.
Anyways, not only is the news good, but every single forum, group and stock channel is talking about this SPAC. The hype and FOMO will continue to be unreal leading up to the DA.
disclaimer: I already have a position of Commons at $12.22 a share but will be watching how this plays out as it’s super overbought, rightly fully so. Once the DA news hits, ideally within the next month, then the algos will take this to around 17-20 a share in my opinion (assuming it sits in the 13-15 range, which it probably won’t)
One crucial aspect to note is that a bunch of institutional shares were purchased yesterday, making this SPAC a prime target for heavy manipulation in the future, as we’ve seen with many other SPAC’s before. DONT be surprised when it falls big time one day in the future after it becomes overextended.
Anyways, I’m holding these common shares for a long time if the rumor is in fact true, and I hope you enjoyed my DD today and will consider holding as well.
More info and visuals are in my video as well, so feel free to check it out—> https://youtu.be/B-8C2kXkoCw
| 83 |
Caluslinky-Films
| 1,610,467,678 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kvuii1/cciv_and_amzn_partnership_extensive_dd_on_lucid/
|
kuv2sp
|
giubrex
|
Retrofit vs buy new comes down to price. If I can retrofit a van for $12k or buy a new one for $35k I’m going to be more inclined to retrofit.
That said I don’t really care long run. It’s EV so it’s gonna pump pre merge and I’ll cash out then. 🤷♂️
| 15 |
Autumus_Prime
| 1,610,340,175 |
Why $GIK?
|
I've read all the DD and the advantages of GIK over other EV plays based on pipeline, products, etc. However, the one thing that seems to bug me the most is that GIK electrifies vehicles and doesn't produce them. This method seems much more laborious and capital intensive? When EV producers start scaling up, won't customers like Amazon and Ikea just look to purchase EVs rather than have their existing fleet retrofitted?
Currently holding 600 shares after a quick DD but rethinking this play.
| 14 |
peezy02
| 1,610,338,954 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kuv2sp/why_gik/
|
kuv2sp
|
giudf6x
|
There will likely be a very strong retrofit market for at least a decade, and one would presume GIK will evolve long before then. I would be shocked if they're not manufacturing their own vehicles by 2026 or 2027, even if they arent talking about this today.
That said, I think your concern is the #1 reason that keeps some people from investing in GIK, but I think it's pretty short-sighted.
| 14 |
SPAC-ey-McSpacface
| 1,610,341,181 |
Why $GIK?
|
I've read all the DD and the advantages of GIK over other EV plays based on pipeline, products, etc. However, the one thing that seems to bug me the most is that GIK electrifies vehicles and doesn't produce them. This method seems much more laborious and capital intensive? When EV producers start scaling up, won't customers like Amazon and Ikea just look to purchase EVs rather than have their existing fleet retrofitted?
Currently holding 600 shares after a quick DD but rethinking this play.
| 14 |
peezy02
| 1,610,338,954 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kuv2sp/why_gik/
|
kult0q
|
giswwzr
|
> Most recently, Kylie Jenner (The world’s youngest **self-made billionaire** with 208m followers on Instagram)
LOL, got a genuine laugh out of me on that one.
| 30 |
Valic3
| 1,610,314,953 |
OAC – A Sleeping Giant. Kylie Jenner promoted their product her Instagram
|
Okay, I admit, I originally dismissed this stock because of the terrible DD’s previously posted about this. OAC is a blank cheque company that will be merging with HIMS & HERS.
A lot of the other DD’s have mistakenly categorized HIMS as a company that specializes in selling erectile disfunction pills, which ironically, I found as a turn off and dismissed it completely. However, I decided to give this company a second look because of the recent price action on the stock and what I found was a sleeping giant in the making. Yes, it’s true that they do sell ‘boner pills’, but that’s just one product among many others (i.e. hair loss treatment, birth control, acne, etc.). What caught my attention wasn’t what they were selling, but HOW they were selling it. Take Amazon for example, which was a company that sold books originally, and expanded into other products as it grew. What made Amazon successful wasn’t what they were selling, but HOW they were selling it.
HIMS is looking to position themselves as a Telehealth disruptor in the Healthcare space. How they are unique from any other e-commerce platform that simply sells medication is the fact that they have a unique network of physicians that will address consumer concerns. For example, a person that has concerns about their hair loss might be too self-conscious to go into a doctor’s office to get a prescription and then must take that prescription to get fulfilled at a pharmacy. The whole process is embarrassing and intimidating, and as a result, the customer might just not seek a solution all together. However, with HIMS, the customer can consult a doctor remotely, get a prescription, order his medication, and have it delivered to him all through his phone and in the comfort of his own home. This in a nutshell is what give HIMS their unique competitive advantage.
What really attracted me to HIMS were their financials. The company has been in operation for 3 years and the company is almost generating net positive EBITDA and will be in the next year or two (think about what happened to $SNAP when they were finally able to turn a profit and the stock price blew up). In their latest S4 Amendment, it shows their Q3 results in 2020 vs. their Q3 results in 2019. They were able to generate almost twice as much Revenue (from $57 Million into $107 Million) and was able to reduce their marketing expense (from $49 million into $39 million) at the same time. Not only that, but they were also able to increase their gross margins from 51% into 72%. As a result of their increased revenue, gross margins and decrease marketing expense, they were able to improve their EBITDA by $49 Million Year over year in 2020. They will mostly likely be EBITDA positive in 2021 when they finish their merger with OAC. Keep in mind that the company is only 3 years old and still have lots and lots of run room. Their growth potential is exponential.
So far, I have demonstrated that the company has an amazing business model and amazing financials, but what about their social media presence? The HIMS account has 99.9K followers and the HERS account has 100K followers, for a total combined following of 199.9K followers. Their closet competitor is Lemonaid Health, and they only have a total combined following of 8.3K. So clearly HIMS has a lot more social influence than their competitor and once again keep in mind the company is only 3 years old. Having a strong social media influence is part of the reason why they were able to generate more revenue while spending less in marketing in the year of 2020. Most recently, Kylie Jenner (The world’s youngest self-made billionaire with 208m followers on Instagram) posted an Instagram story of her buying HERS product and tagging Jennifer Lopez (who is a primary business partner and investor of HIMS & HERS). Having strong social media influencers like Kylie Jenner and Jennifer Lopez allows HIMS & HERS to bypass and save money on traditional marketing (like billboards and magazines) and allows the company to directly advertise to their primary target market (a generation of users that prioritize their mental and physical health, and prefer to conduct their business online).
So, they have a great business model, financials, and social media presence, but what about their management team and investors? Andrew Dudum, is the CEO of HIMS & HERS, but before that he was the co-found of ATOMIC, a company that specializes in start-up. The guy literately started a start-up company that focuses on start-ups. This means he knows a thing or two about company valuations and reaching out to venture capitalist to generate funding and increase valuations. As a result, he was able to receive funding from notable investors such as Peter Theil (the guy that invested in FB, PLTR, and many other blow out companies in the early stages).
Okay, so the company has a great business model, financials, social media and leadership, but how much can I expect on my return on investment? The OAC merger gives HIMS a valuation of $1.6 Billion at $10 per share. Currently OAC is trading at around $15, which gives HIMS an implied valuation that is greater than $2 Billion now. However, the CEO, Andrew Dudum, is suggesting the company has a potential to reach $20 Billion, which is a 10X bagger from $15 to $150 per share in the future after the merger. The merger with OAC is expected to be completed by the end of January, afterwards the ticker symbol will start trading as HIMS.
Position: 1K shares
Proof: [https://imgur.com/gallery/D3rn6ZS](https://imgur.com/gallery/D3rn6ZS)
TLDR: OAC Merging with HIMS - The company has a great business model, financials, social media presence, leadership team, and future valuation. Merger expected to be completed by end of month.
| 22 |
rappeasant
| 1,610,309,296 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kult0q/oac_a_sleeping_giant_kylie_jenner_promoted_their/
|
kult0q
|
gisuqra
|
Do you know how much of their revenue is specifically dick pills? I think that is gonna be a growing market for years. Everything that contributes to ED is on the rise: Obesity, sedentary lifestyle, porn addiction, all kinds of shit. Plus let’s be honest the easier this stuff is accessible (from services like this) the recreational market will be huge.
| 12 |
rayder989
| 1,610,313,892 |
OAC – A Sleeping Giant. Kylie Jenner promoted their product her Instagram
|
Okay, I admit, I originally dismissed this stock because of the terrible DD’s previously posted about this. OAC is a blank cheque company that will be merging with HIMS & HERS.
A lot of the other DD’s have mistakenly categorized HIMS as a company that specializes in selling erectile disfunction pills, which ironically, I found as a turn off and dismissed it completely. However, I decided to give this company a second look because of the recent price action on the stock and what I found was a sleeping giant in the making. Yes, it’s true that they do sell ‘boner pills’, but that’s just one product among many others (i.e. hair loss treatment, birth control, acne, etc.). What caught my attention wasn’t what they were selling, but HOW they were selling it. Take Amazon for example, which was a company that sold books originally, and expanded into other products as it grew. What made Amazon successful wasn’t what they were selling, but HOW they were selling it.
HIMS is looking to position themselves as a Telehealth disruptor in the Healthcare space. How they are unique from any other e-commerce platform that simply sells medication is the fact that they have a unique network of physicians that will address consumer concerns. For example, a person that has concerns about their hair loss might be too self-conscious to go into a doctor’s office to get a prescription and then must take that prescription to get fulfilled at a pharmacy. The whole process is embarrassing and intimidating, and as a result, the customer might just not seek a solution all together. However, with HIMS, the customer can consult a doctor remotely, get a prescription, order his medication, and have it delivered to him all through his phone and in the comfort of his own home. This in a nutshell is what give HIMS their unique competitive advantage.
What really attracted me to HIMS were their financials. The company has been in operation for 3 years and the company is almost generating net positive EBITDA and will be in the next year or two (think about what happened to $SNAP when they were finally able to turn a profit and the stock price blew up). In their latest S4 Amendment, it shows their Q3 results in 2020 vs. their Q3 results in 2019. They were able to generate almost twice as much Revenue (from $57 Million into $107 Million) and was able to reduce their marketing expense (from $49 million into $39 million) at the same time. Not only that, but they were also able to increase their gross margins from 51% into 72%. As a result of their increased revenue, gross margins and decrease marketing expense, they were able to improve their EBITDA by $49 Million Year over year in 2020. They will mostly likely be EBITDA positive in 2021 when they finish their merger with OAC. Keep in mind that the company is only 3 years old and still have lots and lots of run room. Their growth potential is exponential.
So far, I have demonstrated that the company has an amazing business model and amazing financials, but what about their social media presence? The HIMS account has 99.9K followers and the HERS account has 100K followers, for a total combined following of 199.9K followers. Their closet competitor is Lemonaid Health, and they only have a total combined following of 8.3K. So clearly HIMS has a lot more social influence than their competitor and once again keep in mind the company is only 3 years old. Having a strong social media influence is part of the reason why they were able to generate more revenue while spending less in marketing in the year of 2020. Most recently, Kylie Jenner (The world’s youngest self-made billionaire with 208m followers on Instagram) posted an Instagram story of her buying HERS product and tagging Jennifer Lopez (who is a primary business partner and investor of HIMS & HERS). Having strong social media influencers like Kylie Jenner and Jennifer Lopez allows HIMS & HERS to bypass and save money on traditional marketing (like billboards and magazines) and allows the company to directly advertise to their primary target market (a generation of users that prioritize their mental and physical health, and prefer to conduct their business online).
So, they have a great business model, financials, and social media presence, but what about their management team and investors? Andrew Dudum, is the CEO of HIMS & HERS, but before that he was the co-found of ATOMIC, a company that specializes in start-up. The guy literately started a start-up company that focuses on start-ups. This means he knows a thing or two about company valuations and reaching out to venture capitalist to generate funding and increase valuations. As a result, he was able to receive funding from notable investors such as Peter Theil (the guy that invested in FB, PLTR, and many other blow out companies in the early stages).
Okay, so the company has a great business model, financials, social media and leadership, but how much can I expect on my return on investment? The OAC merger gives HIMS a valuation of $1.6 Billion at $10 per share. Currently OAC is trading at around $15, which gives HIMS an implied valuation that is greater than $2 Billion now. However, the CEO, Andrew Dudum, is suggesting the company has a potential to reach $20 Billion, which is a 10X bagger from $15 to $150 per share in the future after the merger. The merger with OAC is expected to be completed by the end of January, afterwards the ticker symbol will start trading as HIMS.
Position: 1K shares
Proof: [https://imgur.com/gallery/D3rn6ZS](https://imgur.com/gallery/D3rn6ZS)
TLDR: OAC Merging with HIMS - The company has a great business model, financials, social media presence, leadership team, and future valuation. Merger expected to be completed by end of month.
| 22 |
rappeasant
| 1,610,309,296 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kult0q/oac_a_sleeping_giant_kylie_jenner_promoted_their/
|
kult0q
|
gisndxo
|
They have really great marketing. I’ve been seeing the ads for like a year in the NYC subway. In hindsight Idk why I glazed over this one until now.
| 10 |
xsunpotionx
| 1,610,310,391 |
OAC – A Sleeping Giant. Kylie Jenner promoted their product her Instagram
|
Okay, I admit, I originally dismissed this stock because of the terrible DD’s previously posted about this. OAC is a blank cheque company that will be merging with HIMS & HERS.
A lot of the other DD’s have mistakenly categorized HIMS as a company that specializes in selling erectile disfunction pills, which ironically, I found as a turn off and dismissed it completely. However, I decided to give this company a second look because of the recent price action on the stock and what I found was a sleeping giant in the making. Yes, it’s true that they do sell ‘boner pills’, but that’s just one product among many others (i.e. hair loss treatment, birth control, acne, etc.). What caught my attention wasn’t what they were selling, but HOW they were selling it. Take Amazon for example, which was a company that sold books originally, and expanded into other products as it grew. What made Amazon successful wasn’t what they were selling, but HOW they were selling it.
HIMS is looking to position themselves as a Telehealth disruptor in the Healthcare space. How they are unique from any other e-commerce platform that simply sells medication is the fact that they have a unique network of physicians that will address consumer concerns. For example, a person that has concerns about their hair loss might be too self-conscious to go into a doctor’s office to get a prescription and then must take that prescription to get fulfilled at a pharmacy. The whole process is embarrassing and intimidating, and as a result, the customer might just not seek a solution all together. However, with HIMS, the customer can consult a doctor remotely, get a prescription, order his medication, and have it delivered to him all through his phone and in the comfort of his own home. This in a nutshell is what give HIMS their unique competitive advantage.
What really attracted me to HIMS were their financials. The company has been in operation for 3 years and the company is almost generating net positive EBITDA and will be in the next year or two (think about what happened to $SNAP when they were finally able to turn a profit and the stock price blew up). In their latest S4 Amendment, it shows their Q3 results in 2020 vs. their Q3 results in 2019. They were able to generate almost twice as much Revenue (from $57 Million into $107 Million) and was able to reduce their marketing expense (from $49 million into $39 million) at the same time. Not only that, but they were also able to increase their gross margins from 51% into 72%. As a result of their increased revenue, gross margins and decrease marketing expense, they were able to improve their EBITDA by $49 Million Year over year in 2020. They will mostly likely be EBITDA positive in 2021 when they finish their merger with OAC. Keep in mind that the company is only 3 years old and still have lots and lots of run room. Their growth potential is exponential.
So far, I have demonstrated that the company has an amazing business model and amazing financials, but what about their social media presence? The HIMS account has 99.9K followers and the HERS account has 100K followers, for a total combined following of 199.9K followers. Their closet competitor is Lemonaid Health, and they only have a total combined following of 8.3K. So clearly HIMS has a lot more social influence than their competitor and once again keep in mind the company is only 3 years old. Having a strong social media influence is part of the reason why they were able to generate more revenue while spending less in marketing in the year of 2020. Most recently, Kylie Jenner (The world’s youngest self-made billionaire with 208m followers on Instagram) posted an Instagram story of her buying HERS product and tagging Jennifer Lopez (who is a primary business partner and investor of HIMS & HERS). Having strong social media influencers like Kylie Jenner and Jennifer Lopez allows HIMS & HERS to bypass and save money on traditional marketing (like billboards and magazines) and allows the company to directly advertise to their primary target market (a generation of users that prioritize their mental and physical health, and prefer to conduct their business online).
So, they have a great business model, financials, and social media presence, but what about their management team and investors? Andrew Dudum, is the CEO of HIMS & HERS, but before that he was the co-found of ATOMIC, a company that specializes in start-up. The guy literately started a start-up company that focuses on start-ups. This means he knows a thing or two about company valuations and reaching out to venture capitalist to generate funding and increase valuations. As a result, he was able to receive funding from notable investors such as Peter Theil (the guy that invested in FB, PLTR, and many other blow out companies in the early stages).
Okay, so the company has a great business model, financials, social media and leadership, but how much can I expect on my return on investment? The OAC merger gives HIMS a valuation of $1.6 Billion at $10 per share. Currently OAC is trading at around $15, which gives HIMS an implied valuation that is greater than $2 Billion now. However, the CEO, Andrew Dudum, is suggesting the company has a potential to reach $20 Billion, which is a 10X bagger from $15 to $150 per share in the future after the merger. The merger with OAC is expected to be completed by the end of January, afterwards the ticker symbol will start trading as HIMS.
Position: 1K shares
Proof: [https://imgur.com/gallery/D3rn6ZS](https://imgur.com/gallery/D3rn6ZS)
TLDR: OAC Merging with HIMS - The company has a great business model, financials, social media presence, leadership team, and future valuation. Merger expected to be completed by end of month.
| 22 |
rappeasant
| 1,610,309,296 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kult0q/oac_a_sleeping_giant_kylie_jenner_promoted_their/
|
kua48i
|
girggfm
|
This company is shaping up to be many of the things Nikola said it was going to be, with none of the bullshit.
Seems like they have a real product and current/future sales supported by actual clients.
I actually prefer that Lion is focusing on long haul, last mile delivery, and municipal vehicles... They are smart enough not to try and compete with Tesla who has a stranglehold over the personal passenger EV market.
I’m long on Lion, but my main concern is that I’m not completely sure how to trade this while it is still NGA. Generally I’ve seen pullbacks after merger and I don’t want to get burned in the short run. I’ll likely aim to sell prior to the symbol switching to LEV then come back in once the dust settles.
In my opinion, this is also an interesting play because of potential M&A activity in the sector over the next 5 years. Companies like Peterbilt, International, Kenworth etc. are likely all going to want to move towards EV with their own product lines and Lion might end up being a prime acquisition target.
| 30 |
Fearless_fx
| 1,610,286,685 |
I think NGA will be huge winner in 2021
|
$NGA CEO “we’re not an overnight success , Amazon customer is a 5 year agreement orders up to 2500 units . Mix of lion 6 and class 8 trucks .
Currently formal order for 300 units from Amazon but also Canadian railway and others in Canada . Visibility of over 6000 pot sales"
CEO in a french radio "We don’t really have competition right now for lion 6 and lion 8 truck, other company are chasing us since we have been working on our R/D fore more then 10 years now. We already selling and delivering."
"Public fund will help us stay way ahead of competition for the future! You have no idea how much time $amzn put in u for investigation in our company and they did that deal so. Our truck are good. Demand is very strong form many many company."
- Revenue jump above 600% in 2021. Their revenue will jump 8X in 2023 to $1.6B. This is huge for such a small market capacity company.
- Amazon is their biggest ever customer.
- Announcement of US factory location imminent
- Ongoing talks with large fleet operators such as FedEx, Pepsi, and UPS
- Big portion of revenue will come from electric city trucks (refuse, ambulance, fire)
- Bus biz to grow with Biden.
Im not pumping this spac. I'm just excited about the future of this stock.
| 134 |
zmfjszl
| 1,610,264,174 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kua48i/i_think_nga_will_be_huge_winner_in_2021/
|
kua48i
|
giquavt
|
If people dig more enough, this company will go up quickly. One of lion main clients cover most of Canadian school boards as well.. very long term contract.
| 21 |
mrgreator
| 1,610,265,403 |
I think NGA will be huge winner in 2021
|
$NGA CEO “we’re not an overnight success , Amazon customer is a 5 year agreement orders up to 2500 units . Mix of lion 6 and class 8 trucks .
Currently formal order for 300 units from Amazon but also Canadian railway and others in Canada . Visibility of over 6000 pot sales"
CEO in a french radio "We don’t really have competition right now for lion 6 and lion 8 truck, other company are chasing us since we have been working on our R/D fore more then 10 years now. We already selling and delivering."
"Public fund will help us stay way ahead of competition for the future! You have no idea how much time $amzn put in u for investigation in our company and they did that deal so. Our truck are good. Demand is very strong form many many company."
- Revenue jump above 600% in 2021. Their revenue will jump 8X in 2023 to $1.6B. This is huge for such a small market capacity company.
- Amazon is their biggest ever customer.
- Announcement of US factory location imminent
- Ongoing talks with large fleet operators such as FedEx, Pepsi, and UPS
- Big portion of revenue will come from electric city trucks (refuse, ambulance, fire)
- Bus biz to grow with Biden.
Im not pumping this spac. I'm just excited about the future of this stock.
| 134 |
zmfjszl
| 1,610,264,174 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kua48i/i_think_nga_will_be_huge_winner_in_2021/
|
kua48i
|
gir6ubt
|
Is NGA something to buy at this price while it’s still a SPAC though? Would it not be better to wait until after merger is done?
| 17 |
aperls
| 1,610,277,948 |
I think NGA will be huge winner in 2021
|
$NGA CEO “we’re not an overnight success , Amazon customer is a 5 year agreement orders up to 2500 units . Mix of lion 6 and class 8 trucks .
Currently formal order for 300 units from Amazon but also Canadian railway and others in Canada . Visibility of over 6000 pot sales"
CEO in a french radio "We don’t really have competition right now for lion 6 and lion 8 truck, other company are chasing us since we have been working on our R/D fore more then 10 years now. We already selling and delivering."
"Public fund will help us stay way ahead of competition for the future! You have no idea how much time $amzn put in u for investigation in our company and they did that deal so. Our truck are good. Demand is very strong form many many company."
- Revenue jump above 600% in 2021. Their revenue will jump 8X in 2023 to $1.6B. This is huge for such a small market capacity company.
- Amazon is their biggest ever customer.
- Announcement of US factory location imminent
- Ongoing talks with large fleet operators such as FedEx, Pepsi, and UPS
- Big portion of revenue will come from electric city trucks (refuse, ambulance, fire)
- Bus biz to grow with Biden.
Im not pumping this spac. I'm just excited about the future of this stock.
| 134 |
zmfjszl
| 1,610,264,174 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kua48i/i_think_nga_will_be_huge_winner_in_2021/
|
kte5vl
|
gils1ec
|
Im huge Lion Electric bull and see this running hugely in a year. You have the right idea of holding the stocks long run but mistaken on some things here.
Amazon and Rivian deal will continue to happen because that is for their last mile project. It has nothing to do with the middle mile where Lion will be playing its role.
I am from Quebec (Where lion headquarter is) and Mark Berdard (CEO) has already been on the french canadian media talking about Amazon and their future plans. Everything sounds super promising.
I already did a DD on this and will do a new one with updates this weekend probably. There is still a lot to come for Lion in my opinion. I added 2k warrants and 900 shares in the past week based on all this. Time will tell, DD to come.
Personally i think if XL can reach 30$, Nikola still valued at 6.8b and Rivian valued at 25b, then lion is easily 100$ in no time. All you need is amazon twitting something about their new deliveries (doubt they will though) and this will fly.
| 11 |
MaxJones123
| 1,610,153,178 |
NGA is going to have a major run up, catalysts coming.
|
I’m sure some of you have seen me stressing balls about my NGA 1/15 calls in the weekly discussions. I just want to be clear I’m not writing this post as a pump attempt, rather to bring attention to what appears to be a HUGE long term EV player. I’ve been in since $14 and I intend to hold onto this one as I’m doing with Nio and Tesla.
3 relatively big pieces of news have come out or are coming out in the near future. Firstly was the announcement of a more substantial deal with Amazon relative to the 10 trucks delivered prior. Plenty of people bought in on the Lion electric trial with Amazon, however I personally feel as though not enough people have reacted to the announcement that Amazon has the right to buy %16 of NGA I believe.
What I don’t think people are fully understanding is that this is a MASSIVE win-win situation. The win is obvious for Lion electric as they’ve just landed a massive deal with Amazon that could generate significant revenue down the line for them if they can outcompete Robins. For Amazon, they are making a deal involving warrants to be redeemed only after the spending of $1.1 billion on Lion Products. Essentially in the long run Amazon would be stupid to seek out a larger deal with a company such as Rivian as they can practically invest the money in themselves via Lion Truck purchases.
The second catalyst is coming next Wednesday when CEO Marc Bedard joins Cramer on Mad Money for an extended interview (not confirmed yet). NGA stock jumped over 12% on news that this interview was to happen this past Wednesday and hasn’t really dipped too much since. I see this thing jumping up again prior to the show, then picking up some serious momentum in the following weeks as it gains the attention of the non-spac investing crowd. It can’t be emphasized enough how much of an impact Cramer has on the older generations, especially recently with EV plays. This is a meme worthy stock that will surpass $30 very quickly.
Finally, Bedard mentioned on a conference call today that the merger will likely take place at the end of February or start of March. He obviously didn’t announce a date, but the forecast is within 3 months. Lots of room for this to run up before we hit the merger. I see this easily becoming a $100 stock within the next 3 years. First to market on school buses, already securing significant orders. They have the same advantage that Tesla had in that sense as they can grab a large chunk of the market share before new companies emerge.
| 42 |
Few_Recording496
| 1,610,147,032 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kte5vl/nga_is_going_to_have_a_major_run_up_catalysts/
|
ko5b96
|
ghofx2s
|
I personally believe that this is an incredible short term prospect, the pump and dump is strong in this one. Long term? Who knows, but undeniably the ceo is reputable (previous satellite company that I can’t remember the name of), the investors in ast (Rakuten, atat, and American tower). Although the information isn’t public I doubt companies would invest in this company without due diligence on their part. This stock will get memed up to all hell, and I’ll be waiting.
| 39 |
Neeeeeeedles
| 1,609,478,398 |
[NPA] Nikola 2.0 or SpaceX competitior?
|
I've been reading some good DD posts but way more terrible pumps here about NPA, which makes me worried some people might be misled with terrible information/opinions.
I mean, I too was skeptical when I read the phrases '1Trillion dollar market' and 'no competitors' in the investor presentation and immediately dismissed it as scam.
Over the past few week or so, I think I've done decent enough research on the company before making a significant position on this stock and I wanted to share some of what I understand.
I'm writing this not to pump this stock, but to help you make an informed decision. So I'd be happy to hear other opinions in the comments as well. I will also try to cover some of its weaknesses in this post.
Here we go:
# 1. What does NPA/AST do?
In layman's terms, it connects 4G/5G telecommunications ground network to a device outside of its reach zone via satellite.
For those with absolutely no idea what this means, you might have heard about Elon Musk's space project Starlink, which delivers satellite internet around the globe. It's similar to Starlink, except the difference is that AST's technology will be able to directly use broadband internet or 4G/5G network services on **any mobile device without further special equipment**.
The easiest understanding of their technology can be read [here](https://www.economist.com/science-and-technology/2020/03/07/a-new-firm-says-it-can-link-satellites-to-ordinary-smartphones). It's behind a paywall but the important part of the article is already viewable.
>The result is an unusually large satellite that is capable of picking up a handset’s feeble signal, and also of broadcasting directly back to that handset. The satellite acts as a relay between the handset and existing antennas on the ground that are connected to cellular networks. In short, the satellite is not an orbiting base-station, but a radio repeater.
​
[MS paint illustration, I decided to show off my excellent drawing skills for free](https://preview.redd.it/5xsuzzwfan861.png?width=1152&format=png&auto=webp&s=e7b0c75bafcc08db6e65850e880d5db3594adc6c)
Basically, its satellites aren't directly emitting the signals, but as a medium like a radio repeater to relay and (possibly) amplify the signals coming from the cellular towers.
AST claims that this allows the satellites to be much cheaper and powerful, and they would only require a few hundred satellites for global coverage as opposed to SpaceX's \~10000.
For companies that are stepping into a new industry, a legitimate concern is whether the tech actually works. Unlike the EV companies that just needs to make a vehicle and make it move, space communication is not as easily verifiable or easy to experiment with.
However, rather than just dismiss the whole business purpose of AST with an amateur opinion of 'I don't believe it because I can't see it', we should still do our best DD to check its validity.
# 2. How can we trust them?
Let's first take a look at the company's CEO, Abel Avellan.
https://preview.redd.it/w3txqculan861.png?width=1280&format=png&auto=webp&s=0c88f33d3eb587459ab0825910ede7eba3ba02ca
25+ years experience, 18+ US patents, and [most importantly, founder of EMC who sold his stake of the company at $550M](https://www.globenewswire.com/news-release/2016/05/09/837616/0/en/Global-Eagle-Entertainment-Agrees-to-Acquire-Emerging-Markets-Communications.html).
EMC description:
>*leading provider of satellite-based communications and media content to rapidly growing mobility markets*
From the looks of it, he is a life-long innovator who has been continually working in the satellite-communications industry. (*according to my preliminary research*)While EMC is also a good, fairly established company with high potential, it's not working on projects as big as what AST is doing, which is why I would assume Mr. Avellan left it to start AST.
And he taken a huge stake in his new home too.
[investor presentation pg 34](https://preview.redd.it/vp7uk1enan861.png?width=515&format=png&auto=webp&s=8332cd100417bb316b8d62481a29e3e27b55fdf1)
Mr. Avellan invested a huge chunk of his personal wealth from the sale of EMC to form the company, and has further invested more for the SPAC offering.
And speaking of shareholders, There are 2 major investors in AST, Vodafone(UK) and Rakuten(JP) who [announced their partnership on March 2020.](https://www.spacetechasia.com/rakuten-and-vodafone-invest-in-ast-sciences-mobile-broadband-network-for-smartphones/) Although the exact investment amounts are unknown, I imagine it is at least in the hundred millions.
Three other major investors American Tower, Samsung Next, and Cisneros also made sizable investments.
https://preview.redd.it/gd4g6y1ean861.png?width=1280&format=png&auto=webp&s=d80677482a4e87842dd5d3410ce16a94d590525d
From what I understood from a brief look at chief scientist's patents, they're working with fractionated satellites; a system in which a main satellite body wirelessly directs smaller components.([https://patents.justia.com/inventor/sriram-jayasimha](https://patents.justia.com/inventor/sriram-jayasimha))
What they can do with this is to create one large panel from a large array of smaller ones through spatial reuse.
[from wikipedia](https://preview.redd.it/lo8lgfxv6n861.png?width=375&format=png&auto=webp&s=bace262b27456eefb47dbe5e3895461c35f41a7d)
[https:\/\/www.sciencedirect.com\/topics\/computer-science\/spatial-reuse](https://preview.redd.it/a065fd2x6n861.png?width=565&format=png&auto=webp&s=00e3650087cb1d2fe0bcf42e47575a4de5c9076a)
I wasn't able to find a good illustration of what exactly their satellites would look like, and is too much technical information for a non-aerospace engineer to completely understand. I'll update this post if I find useful information as I do further research or more information is announced publically.
What I do know, is that these patents and researches are examined/peer-reviewed and unless they came up with 750\~900 fraudulent patent claims about their technology, they are doing a lot of work towards making this technology work.
There are some good DDs here on /r/SPACs regarding technological viability as well.
# 3. What have they done so far?
In March 2018, AST [took a majority investment](https://ast-science.com/2018/03/06/nanoavionics-investment/) in [NanoAvionics](https://nanoavionics.com/). Mr. Avellan has become the chairman of the board with this deal.
>*Avellan said: “NanoAvionics’ existing programs with the European Space Agency (ESA) and the European Commission, its track-record of successful satellite deployments, proprietary technologies for navigation and propulsion, and the abundant technical knowhow and vibrant energy throughout their company were key decision factors in our investment.”*
>
>*“NanoAvionics has made a huge leap in small satellite technologies during the past few years. The capital infusion, along with the involvement of the broadly experienced AST&Science management team, will be a significant contributing factor in entering the U.S. market and successful further commercialization of our products. Our combined venture will be focused on a goal to become a go-to company for manufacturing and launching small satellite constellations for businesses worldwide,” said Buzas.*
It's noteworthy that NanoAvionics by itself is a tremendously valuable company.
In April 2019, AST launched its first satellite [Bluewalker 1](https://space.skyrocket.de/doc_sdat/bluewalker-1.htm).
[fcc data](https://apps.fcc.gov/els/GetAtt.html?id=229052&x=)
[other info](https://in-the-sky.org/spacecraft.php?id=44105)
This was AST's first satellite launch to test their business model. From the economist article:
>Last April, rather than launching a prototype of one of its large satellites, it kept the prototype on the ground and instead launched a tiny satellite to create what was, in effect, an orbiting handset. Even though the positions of relay and handset were thus reversed, their relative motions were the same as they would have been if the satellite had been in space and the handset on the ground.
>
>Mr Avellan says the tests were successful. And on March 3rd his firm announced that Vodafone, a mobile-telecommunications giant, and Rakuten, a Japanese conglomerate, have joined the project as investors. Other backers include Samsung, a big handset manufacturer, and American Tower, which operates wireless-communications infrastructure around the world. Such companies would not have backed SpaceMobile if they did not think the technology had a good chance of working.
In short, they kept the expensive large satellite on the ground and shot up a smaller one that works like a mobile device and the test was a success. While this test doesn't completely prove the validity of their technology, investors from major institutions seem to believe that this is a good sign.
# 4. Is this company really going to be profitable?
I think this is the biggest question mark about the company. I think it's likely that AST possesses(or is close to posessing) the technology to pull off their vision, but putting it into practice is a much, much bigger hurdle. By no means is this company riskless, and as of right now, things have to go incredibly well to pull off their estimated revenues in 2024+.
In 2020, after receiving funding from major investors and going public via SPAC, AST has acquired 551M to fund its phase 1 project, which is to launch 20 satellites around the equitorial region to begin commercial service.
They would be able to reach 49 countries and 1.6 billion people with only 20 satellites.
[phase1 plan](https://preview.redd.it/ay7w5zd1mn861.png?width=1237&format=png&auto=webp&s=a9ea1ab4c5aa17e5ceccbc92ba3c39425da40caa)
[phase 2 and onwards](https://preview.redd.it/7x34jmv3in861.png?width=1062&format=png&auto=webp&s=826589ac9b82bdd22a51809901a1bd1705eb0817)
However, even if phase 1 is successful, AST still likely faces major hurdles.
I can imagine that they go two different ways(or maybe both) in its business plans. First, to make B2B contracts so the service provider can use AST's technology to provide service in blackout areas or in cases of emergency. I think this is what Rakuten and Vodafone are planning to do with AST. It also coincides with the US government's push to expand mobile coverage. If AST's technology does work and is cheap, the budget that would have been used to build comm towers and other devices can now be invested towards space.
The other one is B2C, and if this is the case SpaceX's Starlink and Amazon's Project Kuiper will be their competitors. While AST **theoretically** has the advantage of using far fewer satellites and the ability to reach service on any mobile device, i would assume they are far behind large institutions who not only started earlier with more funding, but also have the public 'hype'(Apple car anyone?). I personally don't see this working out so well.
Also, this may be a stretch because I haven't read anything about this, but if major telecommunications companies find themselves struggling with competition against SpaceX and Amazon, they could possibly partner with AST who possess similar technology.
Whether you believe the following image or not, it seems clear that AST's technology will no doubt be immensely valuable if it works.
[????](https://preview.redd.it/ndwzyrudin861.png?width=1062&format=png&auto=webp&s=783d00ae64312866d0e00e5d180d494df17d7d77)
The company projects $181M for 2023 revenue, then \~$1B in 2024, and over $10B in 2030.
https://preview.redd.it/pi8nvyqb3p861.png?width=740&format=png&auto=webp&s=3a0e21daa843f8c368b825fe85767bc6ced38754
Their current valuation(\~$1.8B at $10 and \~$2.4B at $13.5) versus their 2024 or 2025 EBITDA does make this stock very enticing.
As we've already seen from Tesla and other spacs in 2020, some stocks with high future growth have been getting valued at crazy levels compared to their fundamentals. While I can't guarantee that NPA will follow suit, it's possible that NPA might be one of those too.
If investors think that phase 1 would go well, their value could skyrocket.
Don't trust the numbers they put up as expected reveune 10 years from now because it's just foolish to even try to guess what that's going to be. However I think it at least shows what kind of potential their business has.
# 5. Other Weaknesses
There are issues with space pollution as this sector is just starting to expand, and NASA/FCC has publically shown concern about potential space hazards. From what I know, AST are in talks with them and they seem to be resolving the concern.
It is also likely that AST will require more funding from investors as time progresses. They are very likely to be doing more share offerings in the future which will dilute current shareholder's shares. But that doesn't necessarily mean the stock price will tank.
A quote from an 'industry insider' on economist article:
>One industry insider, who has previously been involved with the SpaceX and OneWeb satellite projects, says getting handsets to talk directly to satellites means overcoming a huge number of problems relating to power requirements, propagation delay, allocation of frequency bands, interference and cross-border regulation
# 6. Updates
This part might be updated later
| 130 |
jacozy
| 1,609,476,935 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ko5b96/npa_nikola_20_or_spacex_competitior/
|
ko5b96
|
ghp97sk
|
Excellent DD. You’ve done a great job at presenting the basics of their technology challenges.
How they are planning to pull this out is not publicly known so some people need to chill out in the comments.
I will probably refer to your OP if I publish my thoughts on their financial needs and commercial deals.
What I already understand is that their whole business model is B2B. They are not going to try to go after end customers. Instead they are making deals with existing big telecommunications companies to offer them a new superior service. Simply they charge the companies who charge they customers and they get 50/50 on it. So there will be no consumer acquisition costs. That’s why they foresee huge ebitda margins.
This play is still under the radar because it’s a new tech but again we looking at a high risk high reward SPAC with street credibility due to their existing shareholders - Vodafone and the likes.
| 5 |
Rivaaal
| 1,609,501,363 |
[NPA] Nikola 2.0 or SpaceX competitior?
|
I've been reading some good DD posts but way more terrible pumps here about NPA, which makes me worried some people might be misled with terrible information/opinions.
I mean, I too was skeptical when I read the phrases '1Trillion dollar market' and 'no competitors' in the investor presentation and immediately dismissed it as scam.
Over the past few week or so, I think I've done decent enough research on the company before making a significant position on this stock and I wanted to share some of what I understand.
I'm writing this not to pump this stock, but to help you make an informed decision. So I'd be happy to hear other opinions in the comments as well. I will also try to cover some of its weaknesses in this post.
Here we go:
# 1. What does NPA/AST do?
In layman's terms, it connects 4G/5G telecommunications ground network to a device outside of its reach zone via satellite.
For those with absolutely no idea what this means, you might have heard about Elon Musk's space project Starlink, which delivers satellite internet around the globe. It's similar to Starlink, except the difference is that AST's technology will be able to directly use broadband internet or 4G/5G network services on **any mobile device without further special equipment**.
The easiest understanding of their technology can be read [here](https://www.economist.com/science-and-technology/2020/03/07/a-new-firm-says-it-can-link-satellites-to-ordinary-smartphones). It's behind a paywall but the important part of the article is already viewable.
>The result is an unusually large satellite that is capable of picking up a handset’s feeble signal, and also of broadcasting directly back to that handset. The satellite acts as a relay between the handset and existing antennas on the ground that are connected to cellular networks. In short, the satellite is not an orbiting base-station, but a radio repeater.
​
[MS paint illustration, I decided to show off my excellent drawing skills for free](https://preview.redd.it/5xsuzzwfan861.png?width=1152&format=png&auto=webp&s=e7b0c75bafcc08db6e65850e880d5db3594adc6c)
Basically, its satellites aren't directly emitting the signals, but as a medium like a radio repeater to relay and (possibly) amplify the signals coming from the cellular towers.
AST claims that this allows the satellites to be much cheaper and powerful, and they would only require a few hundred satellites for global coverage as opposed to SpaceX's \~10000.
For companies that are stepping into a new industry, a legitimate concern is whether the tech actually works. Unlike the EV companies that just needs to make a vehicle and make it move, space communication is not as easily verifiable or easy to experiment with.
However, rather than just dismiss the whole business purpose of AST with an amateur opinion of 'I don't believe it because I can't see it', we should still do our best DD to check its validity.
# 2. How can we trust them?
Let's first take a look at the company's CEO, Abel Avellan.
https://preview.redd.it/w3txqculan861.png?width=1280&format=png&auto=webp&s=0c88f33d3eb587459ab0825910ede7eba3ba02ca
25+ years experience, 18+ US patents, and [most importantly, founder of EMC who sold his stake of the company at $550M](https://www.globenewswire.com/news-release/2016/05/09/837616/0/en/Global-Eagle-Entertainment-Agrees-to-Acquire-Emerging-Markets-Communications.html).
EMC description:
>*leading provider of satellite-based communications and media content to rapidly growing mobility markets*
From the looks of it, he is a life-long innovator who has been continually working in the satellite-communications industry. (*according to my preliminary research*)While EMC is also a good, fairly established company with high potential, it's not working on projects as big as what AST is doing, which is why I would assume Mr. Avellan left it to start AST.
And he taken a huge stake in his new home too.
[investor presentation pg 34](https://preview.redd.it/vp7uk1enan861.png?width=515&format=png&auto=webp&s=8332cd100417bb316b8d62481a29e3e27b55fdf1)
Mr. Avellan invested a huge chunk of his personal wealth from the sale of EMC to form the company, and has further invested more for the SPAC offering.
And speaking of shareholders, There are 2 major investors in AST, Vodafone(UK) and Rakuten(JP) who [announced their partnership on March 2020.](https://www.spacetechasia.com/rakuten-and-vodafone-invest-in-ast-sciences-mobile-broadband-network-for-smartphones/) Although the exact investment amounts are unknown, I imagine it is at least in the hundred millions.
Three other major investors American Tower, Samsung Next, and Cisneros also made sizable investments.
https://preview.redd.it/gd4g6y1ean861.png?width=1280&format=png&auto=webp&s=d80677482a4e87842dd5d3410ce16a94d590525d
From what I understood from a brief look at chief scientist's patents, they're working with fractionated satellites; a system in which a main satellite body wirelessly directs smaller components.([https://patents.justia.com/inventor/sriram-jayasimha](https://patents.justia.com/inventor/sriram-jayasimha))
What they can do with this is to create one large panel from a large array of smaller ones through spatial reuse.
[from wikipedia](https://preview.redd.it/lo8lgfxv6n861.png?width=375&format=png&auto=webp&s=bace262b27456eefb47dbe5e3895461c35f41a7d)
[https:\/\/www.sciencedirect.com\/topics\/computer-science\/spatial-reuse](https://preview.redd.it/a065fd2x6n861.png?width=565&format=png&auto=webp&s=00e3650087cb1d2fe0bcf42e47575a4de5c9076a)
I wasn't able to find a good illustration of what exactly their satellites would look like, and is too much technical information for a non-aerospace engineer to completely understand. I'll update this post if I find useful information as I do further research or more information is announced publically.
What I do know, is that these patents and researches are examined/peer-reviewed and unless they came up with 750\~900 fraudulent patent claims about their technology, they are doing a lot of work towards making this technology work.
There are some good DDs here on /r/SPACs regarding technological viability as well.
# 3. What have they done so far?
In March 2018, AST [took a majority investment](https://ast-science.com/2018/03/06/nanoavionics-investment/) in [NanoAvionics](https://nanoavionics.com/). Mr. Avellan has become the chairman of the board with this deal.
>*Avellan said: “NanoAvionics’ existing programs with the European Space Agency (ESA) and the European Commission, its track-record of successful satellite deployments, proprietary technologies for navigation and propulsion, and the abundant technical knowhow and vibrant energy throughout their company were key decision factors in our investment.”*
>
>*“NanoAvionics has made a huge leap in small satellite technologies during the past few years. The capital infusion, along with the involvement of the broadly experienced AST&Science management team, will be a significant contributing factor in entering the U.S. market and successful further commercialization of our products. Our combined venture will be focused on a goal to become a go-to company for manufacturing and launching small satellite constellations for businesses worldwide,” said Buzas.*
It's noteworthy that NanoAvionics by itself is a tremendously valuable company.
In April 2019, AST launched its first satellite [Bluewalker 1](https://space.skyrocket.de/doc_sdat/bluewalker-1.htm).
[fcc data](https://apps.fcc.gov/els/GetAtt.html?id=229052&x=)
[other info](https://in-the-sky.org/spacecraft.php?id=44105)
This was AST's first satellite launch to test their business model. From the economist article:
>Last April, rather than launching a prototype of one of its large satellites, it kept the prototype on the ground and instead launched a tiny satellite to create what was, in effect, an orbiting handset. Even though the positions of relay and handset were thus reversed, their relative motions were the same as they would have been if the satellite had been in space and the handset on the ground.
>
>Mr Avellan says the tests were successful. And on March 3rd his firm announced that Vodafone, a mobile-telecommunications giant, and Rakuten, a Japanese conglomerate, have joined the project as investors. Other backers include Samsung, a big handset manufacturer, and American Tower, which operates wireless-communications infrastructure around the world. Such companies would not have backed SpaceMobile if they did not think the technology had a good chance of working.
In short, they kept the expensive large satellite on the ground and shot up a smaller one that works like a mobile device and the test was a success. While this test doesn't completely prove the validity of their technology, investors from major institutions seem to believe that this is a good sign.
# 4. Is this company really going to be profitable?
I think this is the biggest question mark about the company. I think it's likely that AST possesses(or is close to posessing) the technology to pull off their vision, but putting it into practice is a much, much bigger hurdle. By no means is this company riskless, and as of right now, things have to go incredibly well to pull off their estimated revenues in 2024+.
In 2020, after receiving funding from major investors and going public via SPAC, AST has acquired 551M to fund its phase 1 project, which is to launch 20 satellites around the equitorial region to begin commercial service.
They would be able to reach 49 countries and 1.6 billion people with only 20 satellites.
[phase1 plan](https://preview.redd.it/ay7w5zd1mn861.png?width=1237&format=png&auto=webp&s=a9ea1ab4c5aa17e5ceccbc92ba3c39425da40caa)
[phase 2 and onwards](https://preview.redd.it/7x34jmv3in861.png?width=1062&format=png&auto=webp&s=826589ac9b82bdd22a51809901a1bd1705eb0817)
However, even if phase 1 is successful, AST still likely faces major hurdles.
I can imagine that they go two different ways(or maybe both) in its business plans. First, to make B2B contracts so the service provider can use AST's technology to provide service in blackout areas or in cases of emergency. I think this is what Rakuten and Vodafone are planning to do with AST. It also coincides with the US government's push to expand mobile coverage. If AST's technology does work and is cheap, the budget that would have been used to build comm towers and other devices can now be invested towards space.
The other one is B2C, and if this is the case SpaceX's Starlink and Amazon's Project Kuiper will be their competitors. While AST **theoretically** has the advantage of using far fewer satellites and the ability to reach service on any mobile device, i would assume they are far behind large institutions who not only started earlier with more funding, but also have the public 'hype'(Apple car anyone?). I personally don't see this working out so well.
Also, this may be a stretch because I haven't read anything about this, but if major telecommunications companies find themselves struggling with competition against SpaceX and Amazon, they could possibly partner with AST who possess similar technology.
Whether you believe the following image or not, it seems clear that AST's technology will no doubt be immensely valuable if it works.
[????](https://preview.redd.it/ndwzyrudin861.png?width=1062&format=png&auto=webp&s=783d00ae64312866d0e00e5d180d494df17d7d77)
The company projects $181M for 2023 revenue, then \~$1B in 2024, and over $10B in 2030.
https://preview.redd.it/pi8nvyqb3p861.png?width=740&format=png&auto=webp&s=3a0e21daa843f8c368b825fe85767bc6ced38754
Their current valuation(\~$1.8B at $10 and \~$2.4B at $13.5) versus their 2024 or 2025 EBITDA does make this stock very enticing.
As we've already seen from Tesla and other spacs in 2020, some stocks with high future growth have been getting valued at crazy levels compared to their fundamentals. While I can't guarantee that NPA will follow suit, it's possible that NPA might be one of those too.
If investors think that phase 1 would go well, their value could skyrocket.
Don't trust the numbers they put up as expected reveune 10 years from now because it's just foolish to even try to guess what that's going to be. However I think it at least shows what kind of potential their business has.
# 5. Other Weaknesses
There are issues with space pollution as this sector is just starting to expand, and NASA/FCC has publically shown concern about potential space hazards. From what I know, AST are in talks with them and they seem to be resolving the concern.
It is also likely that AST will require more funding from investors as time progresses. They are very likely to be doing more share offerings in the future which will dilute current shareholder's shares. But that doesn't necessarily mean the stock price will tank.
A quote from an 'industry insider' on economist article:
>One industry insider, who has previously been involved with the SpaceX and OneWeb satellite projects, says getting handsets to talk directly to satellites means overcoming a huge number of problems relating to power requirements, propagation delay, allocation of frequency bands, interference and cross-border regulation
# 6. Updates
This part might be updated later
| 130 |
jacozy
| 1,609,476,935 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ko5b96/npa_nikola_20_or_spacex_competitior/
|
ko5b96
|
ghqt22b
|
NPA is just insanely speculative & thus outside my comfort zone. It's like a hype SPAC designed to tickle the fancy of teenage boys into pump & dump, and I'm not investing in something that "doesnt work" yet & frankly might never actually work.
| 6 |
SPAC-ey-McSpacface
| 1,609,526,570 |
[NPA] Nikola 2.0 or SpaceX competitior?
|
I've been reading some good DD posts but way more terrible pumps here about NPA, which makes me worried some people might be misled with terrible information/opinions.
I mean, I too was skeptical when I read the phrases '1Trillion dollar market' and 'no competitors' in the investor presentation and immediately dismissed it as scam.
Over the past few week or so, I think I've done decent enough research on the company before making a significant position on this stock and I wanted to share some of what I understand.
I'm writing this not to pump this stock, but to help you make an informed decision. So I'd be happy to hear other opinions in the comments as well. I will also try to cover some of its weaknesses in this post.
Here we go:
# 1. What does NPA/AST do?
In layman's terms, it connects 4G/5G telecommunications ground network to a device outside of its reach zone via satellite.
For those with absolutely no idea what this means, you might have heard about Elon Musk's space project Starlink, which delivers satellite internet around the globe. It's similar to Starlink, except the difference is that AST's technology will be able to directly use broadband internet or 4G/5G network services on **any mobile device without further special equipment**.
The easiest understanding of their technology can be read [here](https://www.economist.com/science-and-technology/2020/03/07/a-new-firm-says-it-can-link-satellites-to-ordinary-smartphones). It's behind a paywall but the important part of the article is already viewable.
>The result is an unusually large satellite that is capable of picking up a handset’s feeble signal, and also of broadcasting directly back to that handset. The satellite acts as a relay between the handset and existing antennas on the ground that are connected to cellular networks. In short, the satellite is not an orbiting base-station, but a radio repeater.
​
[MS paint illustration, I decided to show off my excellent drawing skills for free](https://preview.redd.it/5xsuzzwfan861.png?width=1152&format=png&auto=webp&s=e7b0c75bafcc08db6e65850e880d5db3594adc6c)
Basically, its satellites aren't directly emitting the signals, but as a medium like a radio repeater to relay and (possibly) amplify the signals coming from the cellular towers.
AST claims that this allows the satellites to be much cheaper and powerful, and they would only require a few hundred satellites for global coverage as opposed to SpaceX's \~10000.
For companies that are stepping into a new industry, a legitimate concern is whether the tech actually works. Unlike the EV companies that just needs to make a vehicle and make it move, space communication is not as easily verifiable or easy to experiment with.
However, rather than just dismiss the whole business purpose of AST with an amateur opinion of 'I don't believe it because I can't see it', we should still do our best DD to check its validity.
# 2. How can we trust them?
Let's first take a look at the company's CEO, Abel Avellan.
https://preview.redd.it/w3txqculan861.png?width=1280&format=png&auto=webp&s=0c88f33d3eb587459ab0825910ede7eba3ba02ca
25+ years experience, 18+ US patents, and [most importantly, founder of EMC who sold his stake of the company at $550M](https://www.globenewswire.com/news-release/2016/05/09/837616/0/en/Global-Eagle-Entertainment-Agrees-to-Acquire-Emerging-Markets-Communications.html).
EMC description:
>*leading provider of satellite-based communications and media content to rapidly growing mobility markets*
From the looks of it, he is a life-long innovator who has been continually working in the satellite-communications industry. (*according to my preliminary research*)While EMC is also a good, fairly established company with high potential, it's not working on projects as big as what AST is doing, which is why I would assume Mr. Avellan left it to start AST.
And he taken a huge stake in his new home too.
[investor presentation pg 34](https://preview.redd.it/vp7uk1enan861.png?width=515&format=png&auto=webp&s=8332cd100417bb316b8d62481a29e3e27b55fdf1)
Mr. Avellan invested a huge chunk of his personal wealth from the sale of EMC to form the company, and has further invested more for the SPAC offering.
And speaking of shareholders, There are 2 major investors in AST, Vodafone(UK) and Rakuten(JP) who [announced their partnership on March 2020.](https://www.spacetechasia.com/rakuten-and-vodafone-invest-in-ast-sciences-mobile-broadband-network-for-smartphones/) Although the exact investment amounts are unknown, I imagine it is at least in the hundred millions.
Three other major investors American Tower, Samsung Next, and Cisneros also made sizable investments.
https://preview.redd.it/gd4g6y1ean861.png?width=1280&format=png&auto=webp&s=d80677482a4e87842dd5d3410ce16a94d590525d
From what I understood from a brief look at chief scientist's patents, they're working with fractionated satellites; a system in which a main satellite body wirelessly directs smaller components.([https://patents.justia.com/inventor/sriram-jayasimha](https://patents.justia.com/inventor/sriram-jayasimha))
What they can do with this is to create one large panel from a large array of smaller ones through spatial reuse.
[from wikipedia](https://preview.redd.it/lo8lgfxv6n861.png?width=375&format=png&auto=webp&s=bace262b27456eefb47dbe5e3895461c35f41a7d)
[https:\/\/www.sciencedirect.com\/topics\/computer-science\/spatial-reuse](https://preview.redd.it/a065fd2x6n861.png?width=565&format=png&auto=webp&s=00e3650087cb1d2fe0bcf42e47575a4de5c9076a)
I wasn't able to find a good illustration of what exactly their satellites would look like, and is too much technical information for a non-aerospace engineer to completely understand. I'll update this post if I find useful information as I do further research or more information is announced publically.
What I do know, is that these patents and researches are examined/peer-reviewed and unless they came up with 750\~900 fraudulent patent claims about their technology, they are doing a lot of work towards making this technology work.
There are some good DDs here on /r/SPACs regarding technological viability as well.
# 3. What have they done so far?
In March 2018, AST [took a majority investment](https://ast-science.com/2018/03/06/nanoavionics-investment/) in [NanoAvionics](https://nanoavionics.com/). Mr. Avellan has become the chairman of the board with this deal.
>*Avellan said: “NanoAvionics’ existing programs with the European Space Agency (ESA) and the European Commission, its track-record of successful satellite deployments, proprietary technologies for navigation and propulsion, and the abundant technical knowhow and vibrant energy throughout their company were key decision factors in our investment.”*
>
>*“NanoAvionics has made a huge leap in small satellite technologies during the past few years. The capital infusion, along with the involvement of the broadly experienced AST&Science management team, will be a significant contributing factor in entering the U.S. market and successful further commercialization of our products. Our combined venture will be focused on a goal to become a go-to company for manufacturing and launching small satellite constellations for businesses worldwide,” said Buzas.*
It's noteworthy that NanoAvionics by itself is a tremendously valuable company.
In April 2019, AST launched its first satellite [Bluewalker 1](https://space.skyrocket.de/doc_sdat/bluewalker-1.htm).
[fcc data](https://apps.fcc.gov/els/GetAtt.html?id=229052&x=)
[other info](https://in-the-sky.org/spacecraft.php?id=44105)
This was AST's first satellite launch to test their business model. From the economist article:
>Last April, rather than launching a prototype of one of its large satellites, it kept the prototype on the ground and instead launched a tiny satellite to create what was, in effect, an orbiting handset. Even though the positions of relay and handset were thus reversed, their relative motions were the same as they would have been if the satellite had been in space and the handset on the ground.
>
>Mr Avellan says the tests were successful. And on March 3rd his firm announced that Vodafone, a mobile-telecommunications giant, and Rakuten, a Japanese conglomerate, have joined the project as investors. Other backers include Samsung, a big handset manufacturer, and American Tower, which operates wireless-communications infrastructure around the world. Such companies would not have backed SpaceMobile if they did not think the technology had a good chance of working.
In short, they kept the expensive large satellite on the ground and shot up a smaller one that works like a mobile device and the test was a success. While this test doesn't completely prove the validity of their technology, investors from major institutions seem to believe that this is a good sign.
# 4. Is this company really going to be profitable?
I think this is the biggest question mark about the company. I think it's likely that AST possesses(or is close to posessing) the technology to pull off their vision, but putting it into practice is a much, much bigger hurdle. By no means is this company riskless, and as of right now, things have to go incredibly well to pull off their estimated revenues in 2024+.
In 2020, after receiving funding from major investors and going public via SPAC, AST has acquired 551M to fund its phase 1 project, which is to launch 20 satellites around the equitorial region to begin commercial service.
They would be able to reach 49 countries and 1.6 billion people with only 20 satellites.
[phase1 plan](https://preview.redd.it/ay7w5zd1mn861.png?width=1237&format=png&auto=webp&s=a9ea1ab4c5aa17e5ceccbc92ba3c39425da40caa)
[phase 2 and onwards](https://preview.redd.it/7x34jmv3in861.png?width=1062&format=png&auto=webp&s=826589ac9b82bdd22a51809901a1bd1705eb0817)
However, even if phase 1 is successful, AST still likely faces major hurdles.
I can imagine that they go two different ways(or maybe both) in its business plans. First, to make B2B contracts so the service provider can use AST's technology to provide service in blackout areas or in cases of emergency. I think this is what Rakuten and Vodafone are planning to do with AST. It also coincides with the US government's push to expand mobile coverage. If AST's technology does work and is cheap, the budget that would have been used to build comm towers and other devices can now be invested towards space.
The other one is B2C, and if this is the case SpaceX's Starlink and Amazon's Project Kuiper will be their competitors. While AST **theoretically** has the advantage of using far fewer satellites and the ability to reach service on any mobile device, i would assume they are far behind large institutions who not only started earlier with more funding, but also have the public 'hype'(Apple car anyone?). I personally don't see this working out so well.
Also, this may be a stretch because I haven't read anything about this, but if major telecommunications companies find themselves struggling with competition against SpaceX and Amazon, they could possibly partner with AST who possess similar technology.
Whether you believe the following image or not, it seems clear that AST's technology will no doubt be immensely valuable if it works.
[????](https://preview.redd.it/ndwzyrudin861.png?width=1062&format=png&auto=webp&s=783d00ae64312866d0e00e5d180d494df17d7d77)
The company projects $181M for 2023 revenue, then \~$1B in 2024, and over $10B in 2030.
https://preview.redd.it/pi8nvyqb3p861.png?width=740&format=png&auto=webp&s=3a0e21daa843f8c368b825fe85767bc6ced38754
Their current valuation(\~$1.8B at $10 and \~$2.4B at $13.5) versus their 2024 or 2025 EBITDA does make this stock very enticing.
As we've already seen from Tesla and other spacs in 2020, some stocks with high future growth have been getting valued at crazy levels compared to their fundamentals. While I can't guarantee that NPA will follow suit, it's possible that NPA might be one of those too.
If investors think that phase 1 would go well, their value could skyrocket.
Don't trust the numbers they put up as expected reveune 10 years from now because it's just foolish to even try to guess what that's going to be. However I think it at least shows what kind of potential their business has.
# 5. Other Weaknesses
There are issues with space pollution as this sector is just starting to expand, and NASA/FCC has publically shown concern about potential space hazards. From what I know, AST are in talks with them and they seem to be resolving the concern.
It is also likely that AST will require more funding from investors as time progresses. They are very likely to be doing more share offerings in the future which will dilute current shareholder's shares. But that doesn't necessarily mean the stock price will tank.
A quote from an 'industry insider' on economist article:
>One industry insider, who has previously been involved with the SpaceX and OneWeb satellite projects, says getting handsets to talk directly to satellites means overcoming a huge number of problems relating to power requirements, propagation delay, allocation of frequency bands, interference and cross-border regulation
# 6. Updates
This part might be updated later
| 130 |
jacozy
| 1,609,476,935 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ko5b96/npa_nikola_20_or_spacex_competitior/
|
knqo44
|
ghlvzs1
|
Perhaps this is a factor with some of the crappy SPACs, but Chamath & Ackman's SPACs arent going up primarily from Youtube videos, it's because they're very famous investors. With Chamath it's more a case of him being rightly or wrongly (I say wrongly) labeled as synonymous with SPACs. His fame as probably quadrupled from being connected to the SPAC vehicle. It also doesnt hurt that unlike most investors, Ackman & Chamath "market" themselves as well.
| 18 |
SPAC-ey-McSpacface
| 1,609,424,849 |
Spac game is evolving into pre target mania aided by the likes of PSTH/Ackmans and Chamaths serial Spacs
|
1. Everyone wants the next big Netflix, Tesla, Amazon etc at the bottom "IPO" price. But the current IPO system is broken and retailers get froze out or have buy at insanely high overvalued prices.
2. Investors new to Spacs or just new investors hear that Spacs are the way to get in on the bottom. So they start to play Spacs but after a while they realize they are Fomoing and buying in to late , they chase up and wind up bag holding.
3. The in popularity of Ackmans PSTH and Chamaths serial Spacs make casual investors and Spac noobs and people who nothing about Spacs (via Youtube) realize they can park their money (possible life saving) in a high profile Spac pre-target. Soon they realize you can even make decent gains without a target. So now you have a new wave who Spac chasing pre target instead of waiting for news and rumors, LOIs, DAs , etc.
4. The "Kicker". Youtubers realize they can now get good views on just discussing pre target Spacs. Views slowing down cuz Spac news is "slow". No new Apxt, BFT, LGVW video to pump out ??? I'll just do a video on Spac management instead.
5. I thought some of these DD/Pumps were the only reason for the spikes in warrants and prices in used to be near Nav pre target Spacs. But actually the Youtubers are contributing just as much if not even more talking up pre targets and doing "loose speculation" of who they could merge with. And some have honestly don't speculated they just pump the management.
Thought BTAQ warrants spiked yesterday because of reddit post? Well I thought it did to and maybe it did. But then there this ...
11k views on BTAQ yesterday
https://m.youtube.com/watch?v=N6NFgWVxIok&t=117shttps://m.youtube.com/watch?v=N6NFgWVxIok&t=117s
How about top Spacs under $11 ... Do they have targets ??? No !
https://m.youtube.com/watch?v=9qjzsdwwfA4&t=48s
Best 3 Spacs w great management
https://m.youtube.com/watch?v=DEyy4JCZCI4&t=291s
6 Spacs to own without a target
https://m.youtube.com/watch?v=OgCBim7FQ-4
Now I know some of these vids don't have crazy views but this is definitely a growing trend. What's more is the amount of discussion on pre target Spacs is growing in the comment section and so are the request ... You get "please do a video on (pre target Spac X) they have great management. And you have people posting their lists. This officially a thing and will only get bigger. The only brightside I see is they are shitload of new Spacs so the rewards will go to those who do the best due diligence finding pre target "diamonds in the rough" so to speak. Maybe I'm overreacting I would like to read your thoughts.
| 21 |
Typical_Republic
| 1,609,424,000 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/knqo44/spac_game_is_evolving_into_pre_target_mania_aided/
|
klxcny
|
ghbfluq
|
love Lightning Emotors valuation and they wear many hats so jack of all trades company. I bought the fear at that 10.75 dip last week and then sold at 14.50. i think its way too far out from merger to not see another dip back to 11-12. but its one of the best plays in the sector based on valuation alone. GIK management makes people weary i get it but Lighting emotors will be one of the best plays for next year spacs.
| 32 |
nodirection12
| 1,609,184,604 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbj92k
|
In for 3000 shares at around $12.
This is an actual company making actual products now, not possibly in 2023. They fulfill a big niche and think this is a long(er) term hold for me personally.
| 15 |
karlranck
| 1,609,186,445 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbyma4
|
This and APXT are my biggest positions we are going to make money over the next few years my friend.
| 12 |
neuro_crit1
| 1,609,194,520 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbj2x2
|
why is there a part of me that thinks GIK can still dip to $13 one of these days?
Why am i so freaking greedy !!!!!!!!!!
| 10 |
TheFatZyzz
| 1,609,186,359 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbymxl
|
I know the GigCapital management team gets slandered a lot here, but the evaluation they got Lighting EM at during this type of market was a really good job
| 10 |
literallygoated
| 1,609,194,529 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghc5k17
|
I love the fact that they have charging solutions too. Easier to provide the fleets with a full solution than just on portion of going EV.
GIK is also the ONLY one to partner with $PLUG (Plug Power) for a fuel cell play - pg 27 of the investor slides [https://www.gigcapitalglobal.com/wp-content/uploads/Project-Power-Announcement-Deck\_vF.pdf](https://www.gigcapitalglobal.com/wp-content/uploads/Project-Power-Announcement-Deck_vF.pdf)
| 11 |
century_ride
| 1,609,198,237 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbggwl
|
GIK 42 @ 12.27. I will milk GHIV some more before jumping on this.
| 16 |
gotiobg
| 1,609,185,045 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghblgdn
|
It has an impressive customer list that includes Amazon, DHL, IKEA, and UCLA! Do we know when it will merge? I'm pretty sure its Q1 but no date yet, right?
| 7 |
tonoocala
| 1,609,187,579 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
klxcny
|
ghbmryg
|
It is completely nonsensical to me that XL traded up to $32, and GIK's high is $15 or so, as GIK is a significantly better company than XL (i.e. the former PIC).
The only thing XL has that GIK doesnt have is a few on-air mentions by CNBC.
| 14 |
SPAC-ey-McSpacface
| 1,609,188,270 |
Lightning eMotors DD (SPAC with GigCapital3 $GIK)
|
**TLDR:** Buy GIK before it gets media attention.
**Lightning eMotors**
Recently GigCapital3 ($GIK) announced they will merge with Lightning eMotors in the first half of 2021. In case you were living under a rock, the EV sector is booming.
​
https://preview.redd.it/wl9h6u7edz761.png?width=1053&format=png&auto=webp&s=33ba23a36e4352cf336242233e6bef674e8ee453
Lightning eMotors is delivering medium-duty Class 3-7 zero-emission vehicles (ZEV), including vehicle control software, and (mobile) charging solutions. They specialize in fleet electrification with their electric powertrains for familiar commercial vehicle platforms. So far they have 120 vehicles on the road with 1500 vehicles on order as of September 20, 2020. Including customers like Amazon, IKEA and ABC. They also partnered with $PLUG Power to create the world's first electric Fuel Cell-Powered Class 6 truck, to target the Middle-Mile delivery solution. In terms of growth they expect to deliver 20,000 ZEVs by 2025, with already enough purchase orders to fulfill 100% of the 2020 and 2021 expected revenue.
​
https://preview.redd.it/o6bj5kredz761.png?width=1055&format=png&auto=webp&s=60e5f2316604e8230916863af398a6051013fd48
**Competition**
Based on the investor slide deck and multiple interviews that the CEO gave, it seems that they have a solid understanding about the market and especially their competition. XLFleet currently only delivers Hybrid vehicle types, ZEV are scheduled for 2023 by which Lightning eMotors already expect to have 12,000 ZEVs on the road. Meanwhile WorkHorse is mainly focussed on Light-Duty EVs which currently only overlap in the Class 3-5 deliveries. One of the key takeaways that Tim Reeser gave during one of his interviews on Benzinga is that none of the competitors will be the sole supplier for each of the big customers. None of these companies can create enough vehicles to completely fulfill the ZEV demand for companies like Ikea, ABC, Amazon, etc.
​
https://preview.redd.it/v932vjafdz761.png?width=1056&format=png&auto=webp&s=33927f7800e0bc7f383407e82371babf8b232a3e
The price of GIK is still low and hasn’t got a lot of attention in the media, get in before the electric powered hype ~~train~~ spaceshuttle takes off and you’re crying again that you missed it.
Disclaimer: I currently own 300 shares
**Sources**
* Lightning eMotors Investor Presentation: [https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck\_vF.pdf](https://lightningemotors.com/wp-content/uploads/2020/12/Project-Power-Announcement-Deck_vF.pdf)
* Benzinga Interview with CEO: [https://www.youtube.com/watch?v=Sbo23h3VPuw](https://www.youtube.com/watch?v=Sbo23h3VPuw)
* Plug Power partnership: [https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx](https://www.ir.plugpower.com/Press-Releases/Press-Release-Details/2020/Plug-Power-Partners-with-Lightning-Systems-to-Build-Zero-Emission-Middle-Mile-Delivery-Solution/default.aspx)
* Partnered with ABC Companies: [https://www.greencarcongress.com/2020/10/20201031-abc.html](https://www.greencarcongress.com/2020/10/20201031-abc.html)
* Partnered with Amazon: [https://youtu.be/FD1mXFSTIEU?t=9](https://youtu.be/FD1mXFSTIEU?t=9)
| 66 |
LaCrunch
| 1,609,184,422 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/klxcny/lightning_emotors_dd_spac_with_gigcapital3_gik/
|
kltuo3
|
ghaueqt
|
Keep in mind that there is always a SPAC supposedly targeting a weed company only to then pick a battery or a lidar company.
| 43 |
ropingonthemoon
| 1,609,173,930 |
EV companies waiting for Spac
|
REE: EV and Autonomous (in talk),
McLaren automotive (in talk),
Faraday: (in talk),
Lucid motors: luxury EV,
Chanje energy: California, FedEx deal,
Rivian: Amazon Deal (100K),
Proterra: biggest USA EV busses,
Electreon: Israel,
Aquarius Engines: Israel,
envoy technologies: Israel,
There is many pre merger EV Spac’s, this is some of them, you free to add your favorite
QELL,
PDAC,
ACTC,
CCAC,
IMPX,
RICE,
SNPR,
STPC,
SV,
SWBK,
ZNTE,
SPRQ,
| 19 |
spac-master
| 1,609,173,794 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kltuo3/ev_companies_waiting_for_spac/
|
kltuo3
|
ghauf3j
|
I normally don't go for EV car companies unless they're doing something unusual, but I would buy Lucid motors purely because Musk is scared of them. That means they're doing something right.
| 19 |
imunfair
| 1,609,173,935 |
EV companies waiting for Spac
|
REE: EV and Autonomous (in talk),
McLaren automotive (in talk),
Faraday: (in talk),
Lucid motors: luxury EV,
Chanje energy: California, FedEx deal,
Rivian: Amazon Deal (100K),
Proterra: biggest USA EV busses,
Electreon: Israel,
Aquarius Engines: Israel,
envoy technologies: Israel,
There is many pre merger EV Spac’s, this is some of them, you free to add your favorite
QELL,
PDAC,
ACTC,
CCAC,
IMPX,
RICE,
SNPR,
STPC,
SV,
SWBK,
ZNTE,
SPRQ,
| 19 |
spac-master
| 1,609,173,794 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kltuo3/ev_companies_waiting_for_spac/
|
kkn6ay
|
gh3vo6t
|
This is one of my biggest positions (339K warrants). I think the stock easily goes to $20-22 heading into merger (inline with $AWML 2024E rev multiple). Love the subscription model and expansion into other elective health areas. It should trade at a premium due to industry consolidation and how attractive this asset will be for a big player trying to get into the market or one of the incumbents trying to bolster position.
| 10 |
apan-man
| 1,609,019,633 |
OAC / For Hims Update: Up 50% from Original Recommendation - Still 100%+ Near Term Upside Remaining
|
A few weeks ago I posted [the following due diligence (including a link to a PDF of my due diligence, primarily focusing on valuation metrics)](https://www.reddit.com/r/SPACs/comments/k82n3d/due_diligence_on_oac_for_hims_merger_3400_upside/).
Since then, the shares have gained, increasing from \~$10.50 or so (and $1.50 a warrant) to about $15/share as of 12/24 and the warrants are now close to $4.00. We are still awaiting the official merger date though SEC filings indicate preparations are underway with amendments to the S-4 on 12/2 and as recently as 12/22.
As the due diligence linked to above lays out, there is an argument that For Hims' valuation positions the business to trade at $30-$40 assuming the market comps the business similar to AMWL, TDOC, LVGO given its top tier growth, profitability, and market potential. Hims is growing at nearl 90% YoY and has 75%+ gross margins. Incredible - better than a lot of software businesses.
Following various analyst meetings Oaktree and Hims conducted, interest has built in the story, including a brand new 1.2MM share position from Falcon Edge Capital, another brand new position of 600K shares from BlueCrest (third largest hedge fund in Europe), 200K shares from JP Morgan Asset Management, and 300K new position from FNY Investment advisers. Most of these positions were reported as of 9/30, so there has no doubt been more activity since then. Additionally, none of the founders or the VCs invested in For Hims are selling anything in the SPAC transaction, and the PIPE is ONLY $75MM (vs. what is typical - $2-300MM+ which can create post combination overhang).
I've seen some posts saying that For Hims is just a shampoo company or just "sells dick pills" and is commoditized. A few thoughts - first, For Hims provides telehealth through virtual consults (typically free) followed by easy fulfillment of prescription and non-Rx medications and treatments. It is not just a digital pharmacy and it sells more than just shampoo. It's focus areas are in sexual, dermatology, hair care, behavioral, and other services focusing on what are typically non-reimbursable parts of healthcare. Secondly, the business today is nearly 50-60% in sexual/ED with 40% in the other categories. ED still a big focus, but was their first entry into the market.
Are they commoditized and how do they compare against the dozens of other online ED companies? First, they are the most recognized brand and digital presence. They smoke Roman (declining engagement) and Lemonaid (barely known). Other companies are typically one trick ponies focusing only on one category.
Separately, think about where this market is going. Amazon is getting into digital pharma and WalMart, CVS, Walgreens are all desperate to stay relevant and engage customers more holistically to combat Amazon and others. All those companies stand to lose as healthcare goes digital. Guess how they can fix that? An acquisition of the leading consumer telehealth platform.
Hims is both a short term and long term value creation opportunity that is significant.
**EDIT TO REFLECT NEW INFORMATION BASED ON S-4s (12/27):**
**Just so everyone's aware, I did take a look at the latest S-4 and compared it versus the one reporting June YTD information.**
**It appears that Q3 had a net EBITDA loss of ($1.6MM) compared to what I expected to be low single digits in the positive as reflected in the due diligence materials. It appears this is predominantly driven by ramping SG&A expenses (outside of marketing) - will be interesting to understand what this is and where the additional cost investments are going**
| 39 |
SanitysLastRefuge
| 1,609,007,156 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kkn6ay/oac_for_hims_update_up_50_from_original/
|
kkn6ay
|
gh3ivne
|
Where did you see they were ebitda positive? Looking at their Q3 release all I saw was gross profit, not bottom line figures.
At a $15 share price they would be trading at 14x EV/2021e revenue multiple. $30 brings them to 30x. The peers trading at those multiples are larger companies and don’t exactly focus on the same stuff as their core. Revenue growth and margins for the companies at those multiples are similar/better. Are you saying that HIMS should be at a minimum 30x because of the amount of upside?
| 5 |
ornerybeefjerky
| 1,609,012,082 |
OAC / For Hims Update: Up 50% from Original Recommendation - Still 100%+ Near Term Upside Remaining
|
A few weeks ago I posted [the following due diligence (including a link to a PDF of my due diligence, primarily focusing on valuation metrics)](https://www.reddit.com/r/SPACs/comments/k82n3d/due_diligence_on_oac_for_hims_merger_3400_upside/).
Since then, the shares have gained, increasing from \~$10.50 or so (and $1.50 a warrant) to about $15/share as of 12/24 and the warrants are now close to $4.00. We are still awaiting the official merger date though SEC filings indicate preparations are underway with amendments to the S-4 on 12/2 and as recently as 12/22.
As the due diligence linked to above lays out, there is an argument that For Hims' valuation positions the business to trade at $30-$40 assuming the market comps the business similar to AMWL, TDOC, LVGO given its top tier growth, profitability, and market potential. Hims is growing at nearl 90% YoY and has 75%+ gross margins. Incredible - better than a lot of software businesses.
Following various analyst meetings Oaktree and Hims conducted, interest has built in the story, including a brand new 1.2MM share position from Falcon Edge Capital, another brand new position of 600K shares from BlueCrest (third largest hedge fund in Europe), 200K shares from JP Morgan Asset Management, and 300K new position from FNY Investment advisers. Most of these positions were reported as of 9/30, so there has no doubt been more activity since then. Additionally, none of the founders or the VCs invested in For Hims are selling anything in the SPAC transaction, and the PIPE is ONLY $75MM (vs. what is typical - $2-300MM+ which can create post combination overhang).
I've seen some posts saying that For Hims is just a shampoo company or just "sells dick pills" and is commoditized. A few thoughts - first, For Hims provides telehealth through virtual consults (typically free) followed by easy fulfillment of prescription and non-Rx medications and treatments. It is not just a digital pharmacy and it sells more than just shampoo. It's focus areas are in sexual, dermatology, hair care, behavioral, and other services focusing on what are typically non-reimbursable parts of healthcare. Secondly, the business today is nearly 50-60% in sexual/ED with 40% in the other categories. ED still a big focus, but was their first entry into the market.
Are they commoditized and how do they compare against the dozens of other online ED companies? First, they are the most recognized brand and digital presence. They smoke Roman (declining engagement) and Lemonaid (barely known). Other companies are typically one trick ponies focusing only on one category.
Separately, think about where this market is going. Amazon is getting into digital pharma and WalMart, CVS, Walgreens are all desperate to stay relevant and engage customers more holistically to combat Amazon and others. All those companies stand to lose as healthcare goes digital. Guess how they can fix that? An acquisition of the leading consumer telehealth platform.
Hims is both a short term and long term value creation opportunity that is significant.
**EDIT TO REFLECT NEW INFORMATION BASED ON S-4s (12/27):**
**Just so everyone's aware, I did take a look at the latest S-4 and compared it versus the one reporting June YTD information.**
**It appears that Q3 had a net EBITDA loss of ($1.6MM) compared to what I expected to be low single digits in the positive as reflected in the due diligence materials. It appears this is predominantly driven by ramping SG&A expenses (outside of marketing) - will be interesting to understand what this is and where the additional cost investments are going**
| 39 |
SanitysLastRefuge
| 1,609,007,156 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kkn6ay/oac_for_hims_update_up_50_from_original/
|
kk53c7
|
gh0h0si
|
Its gonna be a long-term and hope play instead of real products right now. I want to believe too bc this would be awesome but its too risky for me right now
| 12 |
Comfortable_Banana80
| 1,608,927,148 |
NPA AST SpaceMobile.
|
Space, SPACs, and rocket emojis. All good stuff in my book.
However I'm still perplexed on who is launching these hundreds of satellites. All I could find is this:
"AST & Science’s demonstration nanosatellite, Bluewalker-1, launched on an Indian PSLV rocket last April. Built by NanoAvionics, Bluewalker-1 proved that it could link directly to cellphones"
Really doesn't give much detail into a critical part of the operation.
This is only one of the many concerns/questions anyone that wants to hold long term should consider.
"I want to believe"
In for 400 common shares at 11.39.
Edited because I'm dumb and didn't do good DD.
Amazon is also in the game as a top competitor. More complexities and downsides to SpaceMobile.
"Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions. Together, these projects will expand broadband access to more households in the United States and around the world."
https://www.google.com/amp/s/www.aboutamazon.com/news/company-news/amazon-receives-fcc-approval-for-project-kuiper-satellite-constellation%3f_amp=true
| 43 |
fullondumb
| 1,608,926,689 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kk53c7/npa_ast_spacemobile/
|
kk53c7
|
gh0hbv8
|
I have some of the same worries. I'm just buying some shares Monday and will sell around merger time and move on to the next one.
| 11 |
HandsInMyPockets247
| 1,608,927,337 |
NPA AST SpaceMobile.
|
Space, SPACs, and rocket emojis. All good stuff in my book.
However I'm still perplexed on who is launching these hundreds of satellites. All I could find is this:
"AST & Science’s demonstration nanosatellite, Bluewalker-1, launched on an Indian PSLV rocket last April. Built by NanoAvionics, Bluewalker-1 proved that it could link directly to cellphones"
Really doesn't give much detail into a critical part of the operation.
This is only one of the many concerns/questions anyone that wants to hold long term should consider.
"I want to believe"
In for 400 common shares at 11.39.
Edited because I'm dumb and didn't do good DD.
Amazon is also in the game as a top competitor. More complexities and downsides to SpaceMobile.
"Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions. Together, these projects will expand broadband access to more households in the United States and around the world."
https://www.google.com/amp/s/www.aboutamazon.com/news/company-news/amazon-receives-fcc-approval-for-project-kuiper-satellite-constellation%3f_amp=true
| 43 |
fullondumb
| 1,608,926,689 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kk53c7/npa_ast_spacemobile/
|
kk53c7
|
gh1poql
|
Does anybody read company news blogs or simply board logs: AST Science has over 750 patents, regarding their satellite/ telecommunications technology and from what I understand so far as Starlink and Amazon go; what they offer is home internet from space, which not the same as cell phone internet from space .
| 7 |
Cobbito
| 1,608,957,110 |
NPA AST SpaceMobile.
|
Space, SPACs, and rocket emojis. All good stuff in my book.
However I'm still perplexed on who is launching these hundreds of satellites. All I could find is this:
"AST & Science’s demonstration nanosatellite, Bluewalker-1, launched on an Indian PSLV rocket last April. Built by NanoAvionics, Bluewalker-1 proved that it could link directly to cellphones"
Really doesn't give much detail into a critical part of the operation.
This is only one of the many concerns/questions anyone that wants to hold long term should consider.
"I want to believe"
In for 400 common shares at 11.39.
Edited because I'm dumb and didn't do good DD.
Amazon is also in the game as a top competitor. More complexities and downsides to SpaceMobile.
"Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions. Together, these projects will expand broadband access to more households in the United States and around the world."
https://www.google.com/amp/s/www.aboutamazon.com/news/company-news/amazon-receives-fcc-approval-for-project-kuiper-satellite-constellation%3f_amp=true
| 43 |
fullondumb
| 1,608,926,689 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kk53c7/npa_ast_spacemobile/
|
kk53c7
|
gh0ikb9
|
Check out their investor presentation. States 'potential launch partners' as GK Launch Services, SpaceX, arianeGroup, Blue Origin, PSLV. Isn't too definite but still
| 8 |
Birksen
| 1,608,928,095 |
NPA AST SpaceMobile.
|
Space, SPACs, and rocket emojis. All good stuff in my book.
However I'm still perplexed on who is launching these hundreds of satellites. All I could find is this:
"AST & Science’s demonstration nanosatellite, Bluewalker-1, launched on an Indian PSLV rocket last April. Built by NanoAvionics, Bluewalker-1 proved that it could link directly to cellphones"
Really doesn't give much detail into a critical part of the operation.
This is only one of the many concerns/questions anyone that wants to hold long term should consider.
"I want to believe"
In for 400 common shares at 11.39.
Edited because I'm dumb and didn't do good DD.
Amazon is also in the game as a top competitor. More complexities and downsides to SpaceMobile.
"Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions. Together, these projects will expand broadband access to more households in the United States and around the world."
https://www.google.com/amp/s/www.aboutamazon.com/news/company-news/amazon-receives-fcc-approval-for-project-kuiper-satellite-constellation%3f_amp=true
| 43 |
fullondumb
| 1,608,926,689 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kk53c7/npa_ast_spacemobile/
|
kk53c7
|
gh0od25
|
It seems a little out there, Starlink requires a dish type antenna as does any other space based communication - DirectTV, Hughs, etc. Their FAQ they cannot disclose how they solved communicating to a phone size antenna. Apparently their satellite antennae are large enough that NASA/FCC takes issue with the design. On the other hand you have Vodaphone and American Tower as investors and presumably they have vetted the technology.
| 5 |
oooboooboo
| 1,608,931,701 |
NPA AST SpaceMobile.
|
Space, SPACs, and rocket emojis. All good stuff in my book.
However I'm still perplexed on who is launching these hundreds of satellites. All I could find is this:
"AST & Science’s demonstration nanosatellite, Bluewalker-1, launched on an Indian PSLV rocket last April. Built by NanoAvionics, Bluewalker-1 proved that it could link directly to cellphones"
Really doesn't give much detail into a critical part of the operation.
This is only one of the many concerns/questions anyone that wants to hold long term should consider.
"I want to believe"
In for 400 common shares at 11.39.
Edited because I'm dumb and didn't do good DD.
Amazon is also in the game as a top competitor. More complexities and downsides to SpaceMobile.
"Project Kuiper will also provide backhaul solutions for wireless carriers extending LTE and 5G service to new regions. Together, these projects will expand broadband access to more households in the United States and around the world."
https://www.google.com/amp/s/www.aboutamazon.com/news/company-news/amazon-receives-fcc-approval-for-project-kuiper-satellite-constellation%3f_amp=true
| 43 |
fullondumb
| 1,608,926,689 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kk53c7/npa_ast_spacemobile/
|
kbbgog
|
gfg0sxv
|
I have zero hesitations on GIK. I guarantee you it will be an under the radar SPAC gem.
Honestly their only real problem is a lack of a cult following that a lot of these other EVs are getting.
We're easily looking at a $30+ stock here. Today's movement may be a blessing in disguise. Lots of weak hands holding only for the DA by the looks of it.
Good stuff though! Thanks for sharing!
| 59 |
MshroomCloudConfetti
| 1,607,721,325 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
gfgjdir
|
I sold GIK for 12.80 last week and I was so salty. So glad I was able to rebuy today for 13.00!
| 19 |
Dativemo
| 1,607,729,499 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
gfgpbae
|
Biden wants 500.000 charging stations and GIK can install charging stations too. Its gonna be huge if GIK get the Biden Deal.
| 13 |
NotMe357
| 1,607,731,845 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
gfgd70g
|
Holding a lot more FIII than GIK but still have 500 shares and 2k warrants, sold 500 warrants at 3.75 for a 2.10 profit (just incase).
I hope both of them go and that QELL get Proterra, that sure is what dumb amount of action is implying. When have you seen a SPAC go up 30% without even a substantial rumor? Getting a bit insane.
No reason to sell anything today during a downturn, lets see what this does the next couple weeks.
| 7 |
yonk49
| 1,607,727,231 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
gfgtgj4
|
Anyone know what the ticker symbol will be? If it has a cool ticker symbol like taser or laser it will go up like a rocket...
| 6 |
Educational_Turn7886
| 1,607,733,656 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
ggqz2r2
|
I love the company. Will put in $100K. The CTO is pretty solid.
Bill was the corporate vice president of advanced engineering for Borg Warner. His positions included overseeing the operation of Borg Warner’s Powertrain Technical Center in Auburn Hills, Mich. and managing the company’s internal investment fund for research and development. He also was directly responsible for design, development, and implementation of advanced powertrain products for fuel economy improvement and emissions reductions across the globe.
He & his team also built the early powertrain for Tesla.
| 6 |
quoc01
| 1,608,684,274 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kbbgog
|
gfh4cel
|
The GIK valuation compared side x side with HCAC really demonstrates the fact HCAC is overvalued.
| 5 |
SPAC-ey-McSpacface
| 1,607,737,131 |
Serious DD on GIK spac merger with eMotors
|
GIK merging with Lightning eMotors as expected just made a video on it on youtube for the details :
\--> [https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s](https://www.youtube.com/watch?v=Nla-rvYEJII&t=358s)
In summary :
\-Valued at 670 million = way undervalued compared to peers in the sector
for example : hyllion 2,67 billion = 4 time the valuation of eMotors with no production going on LOL
\- Under contract revenues of 60 million in 2021 and 90 million in 2022. so this revenue will be there 100%
\-year over year revenue growth from 2020 to 2021 will be 500% 9 to 60 million ( these are fixed numbers )
\- Production already started in 2018, already 100+ vehicles on the road, compared to peers hyllion, xl fleet, they don't have vehicles on the road, they haven't even started production yet
\- Huge product line, ranges from vans to busses type 3-7; --> huge addressable market ( 67 billion and growing )
\- Fixed contract fleet orders From Amazon; Ikea, etc
\- Fixed contracts with suppliers ( Ford for componens and bodies, Romeo power ( another spac ) for batteries. with decreasing cost of goods contracts over the years. ( batteries will become cheaper )
\- great deal for spac buyers 25% of outstanding shares are reserved for spac investors = huge
\- etc, etc , etc.
\- I'm bullish guys, I'm in for about 2k for full disclosure.
| 138 |
Kindly-Product2660
| 1,607,721,160 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kbbgog/serious_dd_on_gik_spac_merger_with_emotors/
|
kavywa
|
gfd9ozr
|
I wish there were more posts like this on r/spacs and less " what stock do I buy" or " how does this work?".
| 39 |
Nextbuffetyolo
| 1,607,668,198 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfdbmb7
|
Busy day today. You pumped on 3 subs. How many will you hit tomorrow?
| 25 |
rueggy
| 1,607,669,758 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfd68vw
|
Lol I gave 3 months of warning about canoo, it’s not a hear after sort of situation. 90 percent of the sub shot on them.
| 24 |
PornstarVirgin
| 1,607,665,588 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfd4pwj
|
I think a lot of know about NGA here. But if you post this in WSB with more rockets... Oh boy.
I'd wait until market close tomorrow though.
| 11 |
GullibleInvestor
| 1,607,664,510 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfdazez
|
I legit thought OP was telling me to buy GIK. Too many EV names and stocks going around these days
| 5 |
mcoclegendary
| 1,607,669,239 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfed4xt
|
Im from Montreal and this company is known since a long time. I see people complaining about the fact they didnt sell that many truck\\bus.... They sold more stuff than all the canoo, luminar and etc.. This is a real EV business backed by the government of Quebec and Hydro Quebec among the biggest producer of green energy in North america having for billions of research center and business agreement with other EV, battery, wind plant business etcc.. We are talking about a BIG NAME. Talking about it i would sell all my IPOB and put it in NGA and some warrants but i'll wait for it :)
| 6 |
IntroductionWaste607
| 1,607,700,293 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfd1uum
|
Are there any near-term catalysts other than a merger date announcement that you’re waiting for?
| 8 |
Upbeat_Control
| 1,607,662,612 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
kavywa
|
gfd1h4q
|
Thank you, very well done. $38+ here we come.
| 5 |
PoppinZs
| 1,607,662,366 |
The next EV play: Why NGA (Lion Electrics) is a sleeping giant
|
As we have all been witnessing it, EVs are the market movers of this quarter. Massive run ups on multiple stocks that I’m sure you’re all very familiar with now: Arrival, Chargepoint, Luminar, Canoo. You are hearing about these stocks after they are already up 200-300%+ but what if you could get into the next big play before everyone else? I present you THE next money maker: **Lion Electric**
***What is*** [*Lion Electric*](https://thelionelectric.com/en)***?***
They are a B2B company that produces all electric medium to heavy-range vehicles
**Lion positions itself as a leading OEM in transportation electrification in North America**
[Link to youtube video](https://www.youtube.com/watch?v=rsOuM1G2yho&ab_channel=LionElectric)
Currently **3 buses (1 shuttle bus and 2 school buses)** \+ **4 trucks (class 6, class 8, refrigerated and refuse)** that are READY TO PRODUCE AND SELL. Yes even your [Trash](https://www.youtube.com/watch?v=lAsNQwjXDP4&ab_channel=LionElectric) can be picked up by Lion right now.
https://preview.redd.it/ece8shkvfh461.png?width=1568&format=png&auto=webp&s=a7673b7abb21ccb8b15db2cbeeb09f1294c8d1b9
***Why would I pick Lion Electric over all the other cool EV stocks?***
Lion is more than just concepts and dreams:
· Currently 7 different trucks and buses **AVAILABLE FOR PURCHASE**
· They **ALREADY have 300+ vehicles** on the road with over 6mil miles (it works)
· Multi-year **deal agreement of purchase up to 2500 vehicles** (Lion6 and Lion8) in June 2020
· **Amazon purchased 10 trucks** to try them out; first trucks going to be delivered in the next few weeks – If Amazon likes these trucks, there's potential to buy more. NOTE: Yes Amazon has deals with Rivian and eMotors but they are for the VANS which is completely different than what Lion offers.
· **CN** (huge Canadian transporter) recently [Purchased 50 trucks](https://www.youtube.com/watch?v=15U4DjRLkqA&t=41s&ab_channel=LionElectric) \- again there is a chance to increase size of order later
· **Transdev** Canada [Purchasing 27 School buses in June](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/)
· V2G technology ready for the batteries, all the buses will have this implanted
· Deal with [ChargePoint](https://thelionelectric.com/img/medias/LION_Press_Release_ChargePoint%20FINAL%20120420.pdf)
· **8 new vehicles** to be produced between 2021-2022 including: **Ambulance**, **bucket truck**, Class 5 and Class 7 trucks
​
https://preview.redd.it/r474kkw6gh461.png?width=1556&format=png&auto=webp&s=1ac78e954597aa443fe41cbeca2a6e5f8d613cfa
**Proof that the company is no scam**: **Prime minister of Canada visiting the site**
https://preview.redd.it/claq6khofh461.png?width=771&format=png&auto=webp&s=52920dde2c8e47766f0b4252256ed3986d1d8343
**What is to expect in the next years?**
USA expansion expected to be completed by 2022
· New production facility to be built in USA in order to increase production
· Allows them to brand as “Made in America” to help with sales + proximity to USA market
· Jobs open in the USA for the expansion [as seen here](https://emploislion.com/en/jobs)
**Sales and revenue projection:**
Obviously, its only projections and we don’t know how this will play out but the projections are very [reasonable compared to the other EV startups](https://i.redd.it/mhgsmigxjw361.png). Chart is courtesy of [u/GullibleInvestor](https://www.reddit.com/user/GullibleInvestor/)
· Revenue of 3.6 billion dollars in 2024
· Cash flow positive in 2023
· EBITDA of approx. 16%
· Cost reduction of 50% in 2024 = better profit margins
https://preview.redd.it/7tben1vegh461.png?width=1353&format=png&auto=webp&s=96f14cd5d17c2f50515c336091d6d80feda39685
**TLDR/Conclusion**:
· Lion Electric offers huge potential to grow in the near future
· Many heavy-type vehicles not being offered by competitors yet: Lion can take your trash and soon transport you in their ambulance when you have heart attacks on red days
· Ahead of the game: Trucks and buses already beings sold (CN, Transdev, Amazon, multiyear 2500 vehicle deal) = potential to have bigger orders if these big companies like the product
· Manufacturing site in the USA to be ready by 2022 to increase production and sales
Note that they only recently started to sell the trucks and that deals are to be expected in the near future. They are able to produce 2500 vehicles a year already. They are actively presenting their products now so its only a matter of time for more deals to pop up. [Link to twitter for proof](https://twitter.com/LionElectricCo)
Everything points to huge outcomes in the future. Buy and hold.
I suggest visiting their [website](https://thelionelectric.com/en) and watching their [Youtube videos](https://www.youtube.com/user/LIONBUS2011) to understand the company better.
[CEO talking about the company at merger announcement](https://www.youtube.com/watch?v=IODRAlMJ3Oo&t=166s&ab_channel=TDAmeritradeNetwork)
Disclaimer: this is not financial advice
**Positions**: Long 1000 NGA shares
| 180 |
MaxJones123
| 1,607,661,950 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/kavywa/the_next_ev_play_why_nga_lion_electrics_is_a/
|
k7cve2
|
geq2zt9
|
What's the barrier to entry for a competitor? Government approval?
| 7 |
Rush_Is_Right
| 1,607,195,052 |
The case for TDAC
|
Okay - let me start with the obvious problems people have with Lottery.com:
- Their app sucks
- Their website isn't great
For a completely online-only company these are two big red flags and honestly... if you're reading this lottery.com guys... WTF are you doing? Get some real developers. This is your company's front-facing window to the public and if you screw this shit up, people aren't going to get in bed with you.
Now that that's out of the way...
I think TDAC has some real staying power for 4 reasons:
International business:
- more than 130 countries
So this is a big one. If they continue to expand their lottery presence it's not just a "I'll buy some Texas lottery tickets, I guess" ... it will service people around the world.
- No competition
Again, a huge factor in a company's potential... there's no one going up against them. There's no FanDuel to fight DraftKings. There's no Canoo to go up against [insert random EV company]. There's no CVS Caremark to compete against [insert online pharmacy]. Etc.
This just allows for further expansion with no amount of push-back.
- 10 states, expanding to 20 in 2021
In the USA there are only 10 states currently supporting Lottery.com. This can only grow and they've stated that they are planning to double their offerings in the coming year.
- Providing data
Their platform is sourcing data to over 400 publishers including Amazon, Yahoo!, Alexa, Google.
I think it's fair to say that data is money these days.
TL;DR: Massive growth potential, no competition, and proven commodity with large growth already planned for 2021.
#Build a better app, dipshits
| 27 |
John_Bot
| 1,607,193,244 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/k7cve2/the_case_for_tdac/
|
k7cve2
|
ger4k3x
|
My problem is scalability. It says in their faq that once you buy a ticket, they have someone buy the ticket and they store in a drawer. How scalable is this? Why isn’t this all electronic?
Everything seems great, the name, the monopoly but the backwards tech just scares me
| 5 |
madspiderman
| 1,607,212,593 |
The case for TDAC
|
Okay - let me start with the obvious problems people have with Lottery.com:
- Their app sucks
- Their website isn't great
For a completely online-only company these are two big red flags and honestly... if you're reading this lottery.com guys... WTF are you doing? Get some real developers. This is your company's front-facing window to the public and if you screw this shit up, people aren't going to get in bed with you.
Now that that's out of the way...
I think TDAC has some real staying power for 4 reasons:
International business:
- more than 130 countries
So this is a big one. If they continue to expand their lottery presence it's not just a "I'll buy some Texas lottery tickets, I guess" ... it will service people around the world.
- No competition
Again, a huge factor in a company's potential... there's no one going up against them. There's no FanDuel to fight DraftKings. There's no Canoo to go up against [insert random EV company]. There's no CVS Caremark to compete against [insert online pharmacy]. Etc.
This just allows for further expansion with no amount of push-back.
- 10 states, expanding to 20 in 2021
In the USA there are only 10 states currently supporting Lottery.com. This can only grow and they've stated that they are planning to double their offerings in the coming year.
- Providing data
Their platform is sourcing data to over 400 publishers including Amazon, Yahoo!, Alexa, Google.
I think it's fair to say that data is money these days.
TL;DR: Massive growth potential, no competition, and proven commodity with large growth already planned for 2021.
#Build a better app, dipshits
| 27 |
John_Bot
| 1,607,193,244 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/k7cve2/the_case_for_tdac/
|
k6oj8q
|
gem1h19
|
"NFL player tracking, also known as Next Gen Stats, is the capture of real-time location data, speed and acceleration for every player, every play on every inch of the field. ... Real-time data is then transmitted to receivers installed in NFL stadiums, which provides the NFL with data on every player for every play."
Direct competitor would be Sportsradar.
| 9 |
ukiemike
| 1,607,101,369 |
DMYD --> Genius Sports... how successful can they really be?
|
So a company that provides all real time stats for sports games in order to provide data for sports betting sounds like a winner. But I always see the commercial NEXT GEN STATS powered by AWS (Amazon Web Services)... Is this a direct competitor to Genius Sports?
| 33 |
7MoistTowelettes
| 1,607,100,503 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/k6oj8q/dmyd_genius_sports_how_successful_can_they_really/
|
k1dz03
|
gdnyh58
|
If you Google “lightning emotors” this exact thread is the 8th result on the page 😬
| 36 |
random-notebook
| 1,606,401,033 |
Time to get into GIK/ Lightning Emotors.
|
GigCapitalStock3 (GIK) could very well be one of the #1 stocks of next week. Bloomberg Reported last week that they're in ADVANCED talks about merging with Lightning eMotors.
(https://www.bloomberg.com/news/articles/2020-11-19/lightning-emotors-said-in-talks-to-go-public-via-gigcapital3)
Who're Lightnight Emotors? They own the largest commercial electric vehicle production facility in the US, and are the biggest electric drivetrains OEMs currently. Also,
- [Partnered with ABC companies, one of US's leading coach companies](https://www.greencarcongress.com/2020/10/20201031-abc.html)
- [Partnered with PLUG](https://lightningemotors.com/plug-power-partners-with-lightning-systems-to-build-zero-emission-middle-mile-delivery-solution/)
- [Working with AMAZON, in this video??? ](https://m.youtube.com/watch?ab_channel=LightningeMotors&v=FD1mXFSTIEU)
They've also ramped up production and doubled their workforce recently, so are clearly expecting money from somewhere.
Time to get into GIK/Lightning Emotors?!?
Waiting for news...
| 53 |
Dragonfruit3075
| 1,606,391,616 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/k1dz03/time_to_get_into_gik_lightning_emotors/
|
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