Jondetech: Ooops!
Research Note
2020-10-07
08:56
Redeye is surprised and somewhat concerned by the announcement that CEO Per Lindeberg is leaving the company. A possible interpretation is that the ramp-up and mass production is further out than previously assumed. As a consequence, we have lowered our valuation significantly, and expect stock market sentiment to be hesitant until the company can report progress on the CEO situation.
VW
Viktor Westman
Disclosures and disclaimers