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Strategies & Market Trends : Value Investing

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To: Dr. Ipsofacto who wrote (72564)6/16/2023 6:54:59 PM
From: Paul Senior  Read Replies (1) of 78764
 
Ot (not a value stock): ENVX. "Enovix Corporation designs, develops, and manufactures lithium-ion batteries." Batteries for watches, phones, wearable monitoring equipment.

Supposedly this start-up has superior technology to other battery makers. Chairman TJ Rogers has built and managed several other business, so people are hoping and betting on him to succeed again.

Earlier in the year, the company announced production delays, and that cratered the stock. It's come back somewhat; it got a small bump today when the company announced it's aheard of it's production goals.

The company has no revenue, and it will need to make and sell lots of these batteries if it is going to be successful. Maybe starting in 2024.

I'm upping my tracking position with a small buy.

finance.yahoo.com
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