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$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 👉 I recently decided to convert my 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.” 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
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