Mobileye NV (MBLY): Just Follow The Money – Citron

Citron Sets Short-Term Target of $25 and Long Term Target Below $10 There is NOTHING in the past or present financials, business performance or realistic future technology prospects of Mobileye that would get it within miles of justifying its current $12 billion market cap. Mobileye’s management is riding the hype cycle of the “self-driving car” story, a decades-long high-stakes technology bet which the operators of this small fabless chip manufacturer know they can never be a serious player in. Investing in this company is a losing bet on a blue-sky future that just does not exist.  This is not merely the opinion…