Sitting down with a company's chief executive officer (CEO) is always the best way to find out what's happening behind the scenes. While they can't provide you with nonpublic or confidential material, I've always found it helpful to listen to the tone of a leader's voice.
Take Vision Marine (VMAR), for example.
Earlier this week, my Senior Analyst Bob Byrne sat down with Vision’s CEO, Alex Mongeon, to learn more about his company’s recently announced partnership with Groupe Beneteau. Alex’s excitement is unmistakable. And as you’ll know when you watch Bob’s interview with Alex, this partnership with Beneteau is transformative for his company.
Micro-cap companies rarely discuss the difficulty of striking a partnership with an industry leader. Large companies can’t risk partnering with small companies for goods or services without an incredible amount of confidence in the smaller company’s ability to deliver on a set schedule.
Put another way, a company like Beneteau wouldn’t put its name or customers’ satisfaction on the line by partnering with a company as small as Vision Marine if they didn’t believe Vision’s technology is the best in the industry.
Now, before you press play on the interview with Alex, I want you to know that I am increasing my buy up to price on Vision Marine’s stock for new investors.
With the Beneteau partnership likely to begin generating revenue (via orders) later this year, and the dramatically increased likelihood of additional partnerships to come, I am increasing the buy up to price on Vision Marine (VMAR) to $8.00. So, if you don’t already own shares of Vision Marine, you can buy them up to $8.00
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