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Re: Bmrboy post# 92696

Thursday, 11/18/2021 10:04:20 AM

Thursday, November 18, 2021 10:04:20 AM

Post# of 113892
ELMS Bmrboy Compare ELMS market cap of $1B to LCID at $75B and RVIN at $110B. All 3 have just commenced production and focused on different segments of the EV market. ELMS has first mover advantage for delivery vans even though RVIN has huge contact with AMZN to supply vans beginning in 2023. ELMS has plenty of cash to get to cash flow positive by end of 2022 per their projection which mitigates the risk of dilution. Short term they're having supply chain issues from China affecting both the timing and cost of delivery but IMO have enough of a cash runway to work through that issue especially since they've established a team in China dedicated to supply chain issues. They've only announced one firm order so far but I think they want to ensure they can ramp production before announcing more.
Management seems very experienced, credible and dedicated to building out an organization that can leverage the market opportunity in their EV segment which is huge. Even though I usually think of value plays as low PE stocks and ELMS doesn't fit that, I still think of it as a value play when comparing its modest current market cap to its market cap potential.

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