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