Opinions
David Burrows
Mobileye Global
MBLY-Q
DON'T BUY
Jan 29, 2024
$27.740
Stock price when the opinion was issued
Automotive
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
BUY ON WEAKNESS
It was price at $21 at IPO above the expected $18-20.
Stil not profitable; $67 million loss, but carry little debt. he likes their growth, albeit inconsistent. But he's worried that the company doesn't fit the market which is unfahionable towards tech. If you think the FEd will keep raising rates, don't buy this. Or you can wait. Another caveat: Intel still own ??% of this, so if they sell it, watch out. Wait below $24 to buy, when it will trade at 20x earnings.
Automotive
It provides technology for autonomous driving. It is making a little money but has a murky future. All are unhappy shareholders so they sell when the opportunity comes up.