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re: Rivian a growth stock I am reconsidering

Posted on 12/14/23 at 8:35 pm to
Posted by Chad504boy
4 posts
Member since Feb 2005
166452 posts
Posted on 12/14/23 at 8:35 pm to
rivians SUV’s are nice
Posted by Mariner
Mandeville, LA
Member since Jul 2009
1947 posts
Posted on 12/16/23 at 8:11 am to
I lost my arse on it.

No way I can bring myself to investing in them again, no matter the hype.
Posted by REG861
Ocelot, Iowa
Member since Oct 2011
36439 posts
Posted on 12/16/23 at 1:11 pm to
When did you get in/at what price point?
Posted by Mariner
Mandeville, LA
Member since Jul 2009
1947 posts
Posted on 12/16/23 at 8:09 pm to
If I remember correctly it was well over $100.
Posted by Hmanhunt
Member since Sep 2015
641 posts
Posted on 12/18/23 at 8:55 am to
I understand the burn me once sentiment, but it IPOd at a crazy valuation. This stock shouldn’t be 100 but my point was it shouldn’t be 15 either. There is a super high demand for their vehicle and as soon as they figure out production it will boom.
Posted by lynxcat
Member since Jan 2008
24184 posts
Posted on 12/18/23 at 11:21 am to
Robins will either break through and become another Tesla-type player or it will go to zero. I don’t see much in the middle.
Posted by REG861
Ocelot, Iowa
Member since Oct 2011
36439 posts
Posted on 12/18/23 at 12:10 pm to
quote:

understand the burn me once sentiment, but it IPOd at a crazy valuation


I remember when it came out and thought it was absolutely insane.
Posted by Hmanhunt
Member since Sep 2015
641 posts
Posted on 12/18/23 at 12:52 pm to
I think option 3 is acquisition by an existing automaker. Which would still be a profitable outcome.
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