Mobileye: Small Research Budget Is A Problem
Mobileye easily surpassed Q2 analyst estimates. Ending a partnership with Tesla Motors is a big red flag on whether Mobileye will maintain a technology lead. The stock is richly valued, considering the profit margins are unsustainable due to the low spending levels. The Q2 results for Mobileye (NYSE: MBLY ) were phenomenal on all metrics. The assisted driver technology leader though faces some challenges going forward, especially in relation to stock value. Read the full article on Seeking Alpha. Disclosure: No position