Archer Aviation: Frothy Valuation Despite Continued Progress

Archer Aviation's (NYSE: ACHR ) stock has performed well in recent months, driven in large part by President Trump's election and speculation about an easier path to commercialization. This is important as Archer's valuation displays a large degree of reflexivity. The higher the company'sRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted ...