Blade Air Mobility: Poised To Fly Higher
- Blade reported FQ4'21 revenues topped 2019 levels by 28%.
- The urban air mobility company is poised to expand routes in the next few years to accelerate growth.
- The stock only trades at ~2x FY23 sales targets while the business is poised to soar starting in FY24 due to EVAs.
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(BLDE) remains the prime way to play an operating urban air mobility business. The company has an asset-light model allowing for a pristine balance sheet to quickly expand services over the next couple of years. My investment thesis remains Bullish on the stock below $10.
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