Down 90%, is Rivian finally a good deal?

Rivian currently sits at less than 2% of its original valuation from when it went public. [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED ["Biden Blackouts" coming this winter?]( A former advisor to the CIA and Pentagon just made this dark prediction: Calamity Joe's sabotage of the Nord Stream pipeline [His Evidence Here]( was suicide. In the next 75 days, Americans will face fuel shortages... ...widespread blackouts... ...empty grocery shelves... ...up to $1000 energy bills... ...drained retirement accounts, and... ...a massive crime wave. This former CIA advisor says most Americans will suffer this winter. But a few will WIN big from the turmoil. [Here's how to be one of them.]( [THE VALUE METER]( [Is This EV Maker Finally a Good Deal?]( [Jody Chudley, Contributing Analyst, The Oxford Club]( [Jody Chudley]( Before electric SUV and pickup truck manufacturer Rivian (Nasdaq: RIVN) went public in November 2021, [I delivered a very clear message](... I said, "Buying Rivian shares at this proposed valuation must surely be considered speculation, and I wouldn't call it a smart play." In other words, stay far, far away! It wasn't that I didn't like Rivian's products. In fact, I thought (and still think) that its electric SUVs and pickup trucks were extremely cool. My problem was with the company's stock market valuation. I thought it was ludicrously high. At that time, Rivian not only had never turned a profit but also had never even earned any revenue! Not a dime! Despite that, Rivian was targeting an initial valuation of close to $80 billion. The hype around Rivian going public had created a nonsensical stock market valuation. Since then, the hype has lessened, common sense has taken over and Rivian's stock has collapsed by almost 90%. Because in the stock market, valuation does matter eventually. [Chart: Rivian Stock's Fall From Grace]( But now something interesting has happened. Rivian's total stock market valuation is now almost equal to the amount of cash that the company has on its balance sheet. At the end of 2022, Rivian was sitting on $12 billion in cash, which equates to just over $13 per share. Meanwhile, Rivian shares now trade for just $13.49 as of this writing. This means that anyone buying shares of Rivian today is paying $13 for cash that the company has and only $0.49 for the Rivian electric vehicle (EV) business, worth roughly $1.7 billion. That $1.7 billion valuation is pretty wild considering that investors were willing to pay $115 more per share for this same business in 2021. [Chart: Rivian Stock's Fall From Grace]( The question now is whether paying just $13.49 for a share of Rivian's $1.7 billion electric car business is a good deal. [FIND OUT HERE]( [Investment U Conference 2023, March 26-29, 2023. Click to Register Now.]( SPONSORED [The #1 Energy Passive Income Investment for 2023]( It's not a stock, bond or private company... But this little-known alternative investment could hand you BIG MONTHLY INCOME from the oil and gas surge in 2023. 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