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Posted by
Two Blokes Apr 19 -
Filed in
Stock
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2 views
Archer Aviation remains a speculative buy despite a 23% stock price decline, driven by market risk aversion and recession fears rather than company-specific issues. The company has bolstered liquidity with over $1 billion in cash, covering cash burns and preparing for production and service entry. Positive developments include commencing Midnight aircraft production, securing defense opportunities, and signing the first two customers for the Launch Edition program.
