Skip to main
ArbitrageDCA avatar
ArbitrageDCA
@arbitrage
•
$VNE 🚗 Veoneer Veoneer is a American-Swedish provider of automotive technology, the company mostly sells auto sensors and I’m big into autonomous vehicles, electric vehicles, and just anything that has to do with auto manufacturing and technology. #YouTube Video 👉 https://youtu.be/Us1X8FUkqM4 I recently decided to convert my Public.com portfolio into a “car of the future” themed portfolio. I’m betting that autonomous vehicles and Electric Vehicles (EV’s) are going to take off, which isn’t a risky bet because it’s already happening. Besides my few bad trades few trades that are waiting to mature, the only thing that I hold in my public brokerage account is tech stocks specifically EV companies, companies who make car sensors, and semiconductors manufacturers. I own a whole bunch of $IBM 's like stocks including $QCOM , $TXN was in there at one point but $VNE stood out to me because they make a lot of sensors for all of these self-driving cars that are going to come out in the future. It’s also important to note that $VNE supplies all of the major car manufacturers, And I just love the company because it's a stock that nobody was talking about. I wouldn’t call them a major parts supplier but it seems like they are supplying a lot of the sensors to the major auto manufacturers and parts stores. After I purchase one share, I held on to it for a while and kind of forgot about it until they received an offer from Magna. $MGA is a giant auto parts supplier for both manufacturers & aftermarket suppliers. $MGA wants to combine their car parts business with $VNE ’s sensors business through a merger. Magna offered $VNE billions of dollars but within the next week, $QCOM announced a competing offer. $VNE is now considering $QCOM 's offer and comparing the cash value of the deal as well as the strengths and weaknesses of the two competing companies. [Block Quote] “The bidding for Veoneer comes on the heels of two major announcements in the automotive technology sector. On July 14, Toyota added mobility services to its fleet of self-driving cars. On July 15, driverless car startup Aurora, financed by Uber and Amazon, announced it would go public through a SPAC merger.” https://public.com/p/d59701e44e3fa369f45cf7aea7d7726ce93d3b96 This isn’t a bidding war yet, just a company choosing which company it wants to be acquired by; however, $VNE ’s stock price is going up due to investor excitement and to all of the speculation around the deal. Because of all of the excitement, I decided to buy my second share of $VNE and in anticipation of the original deal, I also purchased a share of $MGA . I have a lot of respect for $QCOM and have always admired the company, so when $Qualicom made its competing offer I also purchased a share of Qualcomm. Now that I now own shares of all three companies, I can only hope that $MGA makes a second offer which would most likely raise the share price of my Veoneer shares. If you are looking to invest $VNE , $QCOM , or $MGA I would suggest that you just invest in $VNE because this merger is old news and is currently reflected in the stock price of all three companies. I don't know who's gonna win this bidding war but I like $QCOM and have had my eye on that company as a potential investment for a while. If this deal falls through ill probably be more than happy to make $QCOM a long-term holding. I like Magnus and veineer equally so I would say if you can get either of them for a fair price go for it. I believe $QCOM 's bid was $37 and $Magna had a bid for $31, so if for some reason why I $VNE falls below those prices I'll most likely more. I currently own all three stocks, and purchased all of them at decent prices for me it's a win-win regardless of who wins the bidding war. If $MGA comes back and offers a higher price for the acquisition of $VNE , then I believe $VNE can and will go beyond $37 and ride as high as $MGA ’s decides the company is worth with its new per-share offer price. I like $VNE , it was always one of my favorites like “low key” stocks. I love stocks that fly under the radar and $Veoneer is a company that a lot of people, who don’t work in the automotive industry, didn't know about. It's a great company but it’s not the kind of stock or industry a lot of people want to talk about. If you were to look at my portfolio holdings, it’s easy to see that I don't own too many stocks that are hype stocks. I don’t own many stocks that you can turn on your TV and hear everybody telling you to go buy and up until the merger $VNE wasn’t one of those companies. It’s a lot of mergers going on right now due to the abnormally high profits some companies are making and the high availability of low-interest loans but I didn’t expect $VNE to merge. I just really admired the fact that they had so much such a good business model is working with so many of the major car manufacturers, I love $VNE . #MergerArbitrage #pocketchangeinvestments #autonomous #electricvehicles
Jun 1 - Aug 31, 2021
VNE
VNE49.64%
MGA
MGA20.90%
QCOM
QCOM8.57%
VOO
VOO7.38%
0
0
Own your future.
Build your portfolio.

All of your investing.
All in one place.

Invest in stocks, treasuries, ETFs, crypto, and alternative assets on Public. Transfer your account to Public and get up to $10,000.
Sign Up
Products
Contact Us
Check the background of this firm on FINRA’s BrokerCheck.
Open to the Public Investing, Inc. Customer Relationship Summary

© Copyright 2023 Public Holdings, Inc. All Rights Reserved.

Market data powered by Xignite.

Stocks and ETFs.
Brokerage services for US-listed, registered securities are offered to self-directed customers by Open to the Public Investing, Inc. (“Open to the Public Investing”), a registered broker-dealer and member of FINRA & SIPC. Additional information about your broker can be found by clicking here. Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. Additional information can be found here.

Alternative Assets.
Brokerage services for alternative assets available on Public are offered by Dalmore Group, LLC (“Dalmore”), member of FINRA & SIPC. “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”). This content is not investment advice. These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured. Alternative Assets purchased on the Public platform are not held in an Open to the Public Investing brokerage account and are self-custodied by the purchaser. The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures.
An affiliate of Public may be “testing the waters” and considering making an offering of securities under Tier 2 of Regulation A. No money or other consideration is being solicited and, if sent in response, will not be accepted. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification by the SEC or as stated in the offering materials relating to an investment opportunity, as applicable. An indication of interest to purchase securities involves no obligation or commitment of any kind.

Crypto.
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please ensure that you fully understand the risks involved before trading: Legal Disclosures, Apex Crypto.

Treasuries.
U.S. Treasuries (“T-Bill“) investing services on the Public Platform are offered by Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s FINRA BrokerCheck and Form CRS for further information. When you enable T-Bill investing on the Public platform, you open a separate brokerage account with JSI (the “Treasury Account“).

JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. See Jiko U.S. Treasuries Risk Disclosures for further details.

Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. Such banking services and accounts are subject to transaction dollar amount and/or frequency limitations set forth in the Jiko Bank Account Limitations Disclosures.

JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.

Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.

Fractional shares are illiquid outside of Public and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Fractional Share Disclosure to learn more.

All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns.

View Full Disclosures