XL - XL Fleet: Buying $1 Bills For 56 Cents
- XL Fleet is a descendant of the post-SPAC boom and bust in the hybrid electric vehicle space.
- While the company has yet to produce significant revenues/cash flows, the company has a strong cash position on its balance sheet with little to no debt.
- Given XL Fleet is trading at a share price of $1.41 and has $2.49 of cash per share, the steep discount is something investors can take advantage of.
- If XL Fleet was to theoretically be acquired for its net cash position (Cash-Total Debt), it would boast a fair share price of $2.45, representing a 73.7% upside opportunity.
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XL Fleet: Buying $1 Bills For 56 Cents