Velodyne Lidar: Beaten To A Pulp
- Velodyne Lidar has fallen all the way to $3 despite the company building a strong pipeline.
- The Lidar sensor space remains on a path for a huge sales ramp over the next few years.
- The stock only trades at ~1.5x more conservative '24 sales targets.
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Velodyne Lidar (VLDR) has been the poster child for failed SPAC deals. Since completing the deal in early 2021, the company has missed financial targets and ran into internal management issues with the founder. Despite all these issues, my investment thesis remains Bullish on the stock and the Lidar sector due to the business ramp on the horizon while the stock trades at the lows around just $3.
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