Gores Metropoulos - GMHI / Luminar - LAZR

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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SPAC Gores Metropoulos Stock Can Drive Itself To Long-Term Gains
9/29/2020 6:02am EDT
By Louis Navellier and the InvestorPlace Research Staff, Editor, Growth Investor

As a rule, I don’t get too excited about SPACs until they have a partner and bona fide product offer. But now that Gores Metropoulos (NASDAQ:GMHI) announced its intended merger with automotive-tech company Luminar, it’s time to get focused on GMHI stock.

Of course, not every SPAC deal is a home run. But the Gores-Luminar merger lets investors bet on a key technology — autonomous vehicles — through a company that is already working with most of the biggest automakers in the world.

That in itself should get any investor excited. Let’s take a closer look.

GMHI Stock at a Glance

But let’s look at GMHI deal specifically. GMHI announced in August that it would partner with Luminar, which is backed by Peter Thiel. When the deal is complete the merged companies will keep the Luminar name and traded on the Nasdaq under the new ticker LAZR.

Luminar was founded in 2012 and manufactures advanced sensor technologies for autonomous cars and trucks. It expects the combined company to be valued at $2.9 billion with a market capitalization of $3.4 billion.

Luminar is best known for being a leader in LiDAR technology, which uses pulsed radar to measure the distance to a target. Such technology is critical for autonomous vehicles, which needs countless calculations per second if cars and trucks are to navigate safely.

Luminar says that is has partnerships with seven of the 10 biggest automotive companies in the world and “is set to power the introduction of highway self-driving and next generation safety systems.”


The company has created its own semiconductors and software to power its AV technology, which means it can be a one-stop shop for automakers looking to power their AV vehicles.

Investors rallied around GMHI stock after the SPAC announcement, with the stock rallying nearly 30%. However, shares fell in recent days along with the rest of the market, which means now you can pick up GHMI stock for less than $12.

The Bottom Line

While I tend to avoid SPACs until they have a product to offer, GHMI stock is an interesting name now that it’s announced its partnership with Luminar.

The autonomous vehicle space is going to take off in a big way. Estimated at 6,700 units this year, AVs are projected to grow to 4.2 million units by 2030, with a compound annual growth rate of 63%.

For a company like Luminar, there’s a lot of money to be made. And that’s an exciting reason to invest in GHMI stock now.
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Re: Gores Metropoulos - GMHI / Luminar - LAZR

Bericht door lacrimas »

GRAF is gemerged naar VLDR vandaag (Velodyne Lidar).
Momenteel -23%. Hopelijk geen voorteken voor GMHI. :think:

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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3 Small-Cap Stocks to Buy for Long-Term Disruption
Now may be the best time ever to buy next-generation, visionary small-cap stocks

small-cap stocks - 3 Small-Cap Stocks to Buy for Long-Term Disruption

Right now, I’m going to give you one very good reason that long-term investors with multi-year horizons should buy small-cap stocks: The reality we live in today is being rapidly disrupted on all fronts.

Electric vehicles are replacing diesel and gas cars globally. Autonomous driving is quickly becoming a reality. Plant-based foods are taking over grocery stores and fast food chains.

Shopping and payments are increasingly becoming digitized. Consumer and legislative attitudes towards formerly taboo drugs like marijuana and psychedelics are fundamentally shifting. Gambling and sports betting are being legalized.

Data is transforming and optimizing every facet of business. Clean energy costs have fallen to grid-parity, and consumer adoption is soaring. AR/VR technology is revolutionizing gaming.

Robots are becoming a real, useful thing. Cloud computing is becoming ubiquitous. The space tourism boom is starting…

I could go on and on.

But the point couldn’t get any clearer.

The world is rapidly changing. Faster than ever before. And where there’s change, there’s opportunity.

So, over the next 5 to 10 years, there will ample opportunity for small companies on the cutting edge of these disruptive, next-generation megatrends to unseat incumbent giants who have fallen asleep at the wheel.

Much like Tesla (NASDAQ:TSLA) is unseating Ford (NYSE:F) and General Motors (NYSE:GM).

Much like Amazon (NASDAQ:AMZN) has unseated Walmart (NYSE:WMT) and Target (NYSE:TGT).

And much like Netflix (NASDAQ:NFLX) has unseated movie theaters.

All three of those disruptors used to be small-cap companies, and right now — given the accelerated pace of technology disruption happening across the globe — is as good a time as any to find the next Tesla, the next Amazon and the next Netflix in the small-cap world.

To that end, here are three of my favorite small-cap stocks to buy for long-term investors:

Luminar Technologies (NASDAQ:GMHI)
Celsius Holdings (NASDAQ:CELH)
Mind Medicine (OTCMKTS:MMEDF)
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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Gores Metropoulos Stock Has What It Takes to Be a Long-Term Winner
10/7/2020

Gores Metropoulos (NASDAQ:GMHI) is a special purpose acquisition company (SPAC), that has agreed to merge with Luminar, a company that is well-positioned to revolutionize the auto industry. As a result, I recommend that longer-term investors buy GMHI stock.

Luminar’s LIDAR (light detection and ranging) technology looks poised to finally enable automakers to sell self-driving cars to the public. My belief is largely based on Volvo’s (OTC:VLVLY) decision to equip some of its vehicles with Luminar’s LIDAR starting in 2022.

According to The Verge, very few automakers sell vehicles that are equipped with LIDAR because the technology is “ridiculously expensive, with the leading suppliers pricing theirs at around $75,000.”

But Luminar is selling its LiDAR for a significantly cheaper (though unspecified) price. As a result, Volvo will add the company’s system to a number of its cars starting in 2022, and those vehicles will be completely autonomous on highways.

A Closer Look at GMHI stock

LiDAR will set Volvo apart from its competitors which do not plan to sell autonomous vehicles to the public. Instead, multiple other automakers intend to use autonomous vehicles as robotaxis that will transport consumers in exchange for per-trip fees.

It appears that Luminar is the only LIDAR maker whose system is cheap enough to sell to the general public. Given that huge advantage, I believe automakers will eventually seek to buy Luminar’s LIDAR, making GMHI stock a great name to own.


Another InvestorPlace columnist, Matt McCall, recently identified one of the keys to Luminar’s success. Specifically, he reported that LiDAR was completely built in house, including the semiconductors.

I believe that Luminar’s decision to cut out the middlemen enabled it to sell its LIDAR for much cheaper than its competitors.

According to MIT’s Technology Review, “Luminar’s device uses longer-wavelength light than other sensors, allowing it to spot dark objects twice as far out.”

Luminar’s competitors will likely need years to duplicate its parts-making operation. By the time they do so, Luminar will probably have a tremendous first-mover advantage when it comes to selling LIDAR to automakers.

Validation of Luminar and Its Technology

The deal with Volvo indicates that Luminar’s technology works well. Additionally, the Swedish automaker invested an undisclosed amount in the company in 2018. That suggests that Volvo was impressed by the company and its 25-year-oldf ounder and CEO, Austin Russell.

Moreover, veteran billionaire investor Peter Thiel was a backer of Russell very early on, providing him with $100,000 to develop Luminar’s technology within the framework of the Thiel Fellowship program.

Under the program, college dropouts are given $100,000 to develop new technologies. Thiel subsequently invested additional funds in Luminar, indicating that he’s confident in Luminar and Russell after having observed them in action for years.

Russell, who will also control a majority of the company’s stock, is not the ideal age to lead a major, publicly-traded tech firm, b the investments by Volvo and Thiel indicate that Luminar and by extension Russell, know what they’re doing, Moreover, Mark Zuckerberg was in his 20s when Facebook (NASDAQ:FB) launched its IPO, and Facebook stock has done very well.

Finally, Luminar may have supply and cost issues when demand for its LIDAR soars. But another revolutionary company, Tesla (NASDAQ:TSLA), managed to overcome similar problems, and I’m confident that Luminar will be able to emulate Tesla in that area.

The Bottom Line on GMHI Stock

Trading with a market capitalization of just $530 million, Gores Metropoulos looks like a proverbial steal, given Luminar’s huge potential.

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Driverless Tech Is Here with the Gores Metropoulos SPAC

By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.

By buying GMHI stock, you’re getting a stake in Luminar Technologies (once the transaction is complete), one of the startups in autonomous driving innovations.

Specifically, Luminar Technologies specializes in an advanced system based off lidar, or light detection and ranging. Utilizing pulses of electromagnetic radiation, lidar signals “ping” off objects and calculates their distance based on the time it takes for the signal to return.

Since the speed of light is a constant, lidar systems are incredibly accurate. Further, with proprietary adjustments, companies like Luminar can greatly enhance the range of object detection.

To be clear, the case for GMHI stock isn’t so much the lidar system itself. Rather, it’s the innovations that Luminar has incorporated that makes its superior to other lidar-based platforms. Perhaps the most impressive is the company’s three-dimensional velocity detection system. Whether it’s a car changing lanes or a pedestrian that inadvertently crossed into an autonomous vehicle’s path, Luminar’s system can pick up and classify the object and make the necessary (or appropriate) avoidance measures.

Another factor supporting GMHI stock is the underlying company’s stress testing. Most autonomous technologies today incorporate lidar due to its range and accuracy. However, traditional lidar systems have been stymied with inclement weather. For instance, a typical system could mistake falling snowflakes as a wall in the middle of the freeway. Obviously, that’s not something you want.

However, Luminar’s goal is to achieve full autonomous driving at scale. Clearly, if a driverless vehicle couldn’t perform in various weather conditions, it would be rendered pointless. But the company has put its lidar system through the ringer with very encouraging results.

The Lidar Versus Camera Debate

Of course, nothing is without some disadvantages to consider. For GMHI stock, the underlying lidar technology has been cost-prohibitive. But even here, Luminar has managed to get its proprietary system down to a reasonable cost and with outstanding performance. At this point, you might be thinking that this is a unicorn company.

That was my initial thought as well. However, when something sounds too good to be true, it usually is. Don’t get me wrong – I don’t have anything against GMHI stock. Certainly, the science sounds incredibly compelling. But here’s something to chew on before you dive in – Tesla (NASDAQ:TSLA) CEO Elon Musk is no fan of lidar.

In last year’s edition of Autonomy Day, Musk stated:

LiDAR is a fool’s errand…Anyone relying on LiDAR is doomed. Doomed! [They are] expensive sensors that are unnecessary. It’s like having a whole bunch of expensive appendices. Like, one appendix is bad, well now you have a whole bunch of them, it’s ridiculous, you’ll see.

If you had any doubts about Musk’s conviction, he added that lidar is “lame.” It’s not just the expense issue, which Luminar has addressed. Rather, it’s that lidar relies on data interpretation. However, with a camera, you’re mimicking natural vision. Over time, it’s theoretically possible that camera sensors can read road signs, even those that are put up impromptu. By relaying this information, camera-based autonomous vehicles can possibly make better decisions than lidar-based vehicles.

Also, another factor that supports cameras is that they are passive systems. In other words, a driverless vehicle can “see” other cars without interfering with the environment. Again, this mimics human functionality, unless you’re one of those mutants that can shoot laser beams out of your eyes.

That’s not really a joke because that’s basically what happens with lidar, which is an active system. In order for this platform to detect objects, it must somehow “touch” them. Unfortunately, this means that the safety profile regarding the 1550nm wavelength that Luminar utilizes is not quite clear.

This is a controversial issue because other experts state that 1550nm lasers are safer for the eyes than the more popular 905nm wavelength. Nevertheless, I’m not entirely clear on the safety implications, as well as potential interference resulting from lasers being shot all over the place should this technology go mainstream.


Don’t Sell Yourself Short

Interestingly, both Luminar and Tesla claim to benefit from their respective autonomous systems because of mass data collection. Thanks to profound artificial intelligence technologies, machines can learn from the collection of real-world data, finetuning their capacity exponentially.

While that’s great and all, here’s a fact that can trump both lidar and camera-based systems: the human brain will always be superior to the best AI or autonomous system ever developed.

Consider for instance the massively sized supercomputer, which forms the basis of multiple advanced technologies. To get around the enormous space and energy requirements of supercomputers, IBM (NYSE:IBM) invented Blue Gene. This radically reduced the size and cost of these remarkable machines.

Yet Blue Gene is not what you would call cheap to run in absolute terms. It still consumes substantial energy, enough so that it requires thousands of gallons of water to cool the system. Further, IBM’s supercomputer requires multiple stacks of processors that are as tall as an average-sized human male.

The point is, if you want true autonomy, you must apply a brute-force method by incorporating more processing power, which increases size and energy requirements. And all that computing capacity can’t replace the instinct and on-the-spot decision-making capabilities of the human brain, which weighs on average about three pounds.

Frankly, driving is much more than knowing the exact distance of an object 200 meters away. All drivers operate on a mixture of training, personal experiences and gut reactions. To replace these attributes via AI may be impossible – who knows? More realistically, I see autonomous technology being utilized as a driver assistance rather than a driver replacement.

But in the meantime, buying shares of GMHI stock isn’t a bad way of speculating on the next big thing. In the immediate term, lidar has more practical capabilities. Just be careful that in the long run, improving camera sensors may give lidar-based systems serious competition.

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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NIO (NYSE: NIO) May Be Able To Outpace Tesla’s Navigate on Autopilot Headline Feature if It Integrates the Lidar Offered by Luminar Technologies
wccftech.com | 3d

NIO (NYSE:NIO) is perhaps the only EV manufacturer in the world that has the greatest potential of upending Tesla’s (NASDAQ:TSLA) relentless supremacy in the industry. Tesla’s soaring production capacity and its Navigate on Autopilot (NOA) feature currently form the bedrock of the EV giant’s supremacy. However, it is the latter factor that has cemented Tesla’s lead. Honed over a number of years by utilizing live data from millions of connected EVs, the Autopilot offers unmatched capabilities and a very promising outlook. Nonetheless, NIO can break Tesla’s chokehold over autonomous driving if it integrates the lidar provided by Luminar Technologies with its bespoke autonomous driving functionality.

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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Gores Metropoulos’ Merger With Luminar Could Be a Winner
GMHI stock could move significantly higher after it completes its deal

By Mark R. Hake, CFA Oct 14, 2020, 6:31 am EDT
Gores Metropoulos (NASDAQ:GMHI), a SPAC (special purpose acquisition company) stock signed a merger agreement on Aug. 14 with Luminar. GMHI stock should do quite well since Luminar is a Lidar autonomous driving technology company that has very good prospects.

Lidar sensors use lasers to make 3D representations of objects. Luminar is used by seven of the top 1o global automakers for auto self-driving technology. Also, it claims to have 50 partner companies. Volvo will use Luminar’s products in its 2022 vehicles.

Luminar Should Be Very Profitable

Recently the company made a presentation to investors. This was very helpful since it allows us to see the company’s own forecasts of its profitability in the future.

7 Value Stocks to Buy That Are Outperforming Growth Plays
For example, the transcript of the presentation shows that Luminar believes its total addressable market is $150 billion. The company says it can capture $5 billion in revenue from that market. Luminar also believes that it can make EBITDA (earnings before interest, taxes, depreciation, and amortization) of $2.5 billion.

Moreover, Luminar forecasts that its order book will be over $1 billion by the end of this year. By the end of 2025, it believes that the order book will be $10 billion.

However, the company’s financial reality seems to be a bit more conservative. For example, on page 27 of that presentation, Luminar forecasts EBITDA profits of $124 million in 2024 and $365 million in 2025. And the 2025 revenue is forecast to be just $837 million.

So there seems to be a wide gulf between its order book and its ability to translate that into revenue and profits. Nevertheless, this is still impressive for a company cutting a pathway in the vanguard of a new industry.

Later in the presentation, Luminar says it won’t reach $5 billion until 2030. Most of that revenue will come from sales of its Lidar sensors on passenger and commercial electric vehicles. Some of it comes from robo-taxis and adjacent markets.

What Luminar May Be Worth

At $10.55 per share, Gores Metropoulos has a pro forma implied market capitalization of $3.574 billion. The presentation says on page 42 there will be 338.8 million fully diluted shares outstanding after the merger closes.

Moreover, Luminar will have $488 million in cash on hand post-merger. Therefore, its implied pro forma enterprise value (EV) is $3.086 billion ($3.574 billion less $488 million).

Therefore, the pro forma 2025 EV-EBITDA ratio is 8.5x. Keep in mind that is a projection for five-plus years in the future. It is a little surreal. But that is what passes for valuation of high-tech companies these days.

In fact, on page 43 of Luminar’s presentation, it attempts to justify this valuation. Here is the title of the slide: “Future Growth and Margin Profile Compares (sic) Favorably With Peers.”

And if that doesn’t sink in, here is what the next slide (page 48) proclaims: “Transaction Represents Attractive Discount to Peers.” It discounts Luminar’s future EV back to the present at a 20% discount rate. It then shows that this a reasonable valuation (7.9 x 2025 EV-EBITDA).


What To Do With GMHI Stock

At this point, GMHI stock is up just 5.5% from its IPO price of $10. it does not seem to include any kind of premium that other SPAC stocks have had once their mergers were announced.

But SPAC investors may be getting more critical. For example, apparently, the SEC is going to scrutinize the SPAC industry and blank-check stocks more carefully, according to Seeking Alpha and CNBC.

Investors seem to be holding back on GMHI stock. They are leaning towards companies with near-term prospects of making money.

Nevertheless, investors who invest a portion of their assets in speculative or risky assets might look at GMHI stock. After the merger, the market might grant the stock more credence about its ability to generate revenue and profits in the future.
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Re: Gores Metropoulos - GMHI / Luminar - LAZR

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Munnybunny schreef:
14 okt 2020 13:37
Gores Metropoulos’ Merger With Luminar Could Be a Winner
GMHI stock could move significantly higher after it completes its deal

...

Recently the company made a presentation to investors. This was very helpful since it allows us to see the company’s own forecasts of its profitability in the future.

...
Te vinden in mijn post van 1 oktober :up:


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