Luminar: No Light At The End Of The Tunnel

Luminar's ( LAZR ) business is under enormous financial strain at the moment due to the combination of a weak balance sheet and ongoing losses. While this situation isn't unexpected, the speed with which Luminar's business has unravelledRichard 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 returns can be achieved by identifying businesses wi ...