"valsidalv, reminding you that infiniti is an option" (valsidalv)
09/23/2019 at 17:45 • Filed to: None
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"valsidalv, reminding you that infiniti is an option" (valsidalv)
09/23/2019 at 17:45 • Filed to: None | 0
| 17 |
Approaching this from an investment point-of-view. Their stock is pretty cheap right now, but why is that? The recent announcement that Amazon is ordering a bajillion delivery vehicles did give the stock a healthy bump in price so that wave is over - this is more of a long term bet. Workhorse has some good ideas but their product is very much vaporware. The company has existed since ‘98 and was listed on the Nasdaq in 2014. It hit an $11 peak in 2016 but sunk to 50 cents at the end of 2018.
I’m kinda new to investing and have been focusing on tech because that’s what I know. I don’t understand the stock market enough to figure out which traditional automaker to invest in and Tesla prices are sky-high. My friend told me not to worry about market prices so much, and instead pick companies I think will do well based on roadmap, etc. So, what do you guys think?
PatBateman
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 18:00 |
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I cannot directly comment on my thoughts on the stock due to FINRA regulations, but it’s a penny stock with negative EPS, PE, book valuations, and P/BV.
To reiterate: it’s a micro cap company that doesn’t make any money.
MrDakka
> PatBateman
09/23/2019 at 18:09 |
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So you work at an investment firm like your namesake?
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MrDakka
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 18:10 |
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Throw all your money at a tech index fund and call it a day?
TheTurbochargedSquirrel
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 18:21 |
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I know nothing about stocks but that graph looks pretty flat to me and doesn’t look like its going up any real amount.
Future next gen S2000 owner
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 18:24 |
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I’ d say no based on their product line.
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Future next gen S2000 owner
> PatBateman
09/23/2019 at 18:25 |
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I’m starting a capsim simulation for an MBA class. Any thoughts on scamming the system to boost our share price?
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valsidalv, reminding you that infiniti is an option
> MrDakka
09/23/2019 at 18:44 |
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Ya that's probably a good idea at this point.
Manwich - now Keto-Friendly
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 19:33 |
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From an investment and company roadmap perspective, I would pick TSLA any day over WKHS... even at current stock prices.
Note that while Workhorse has been around a long time, the Workhorse of today is a company after Navistar bought it, fucked it up and sold it off in a broken state.
So now the company plan is making a pickup truck and remote controlled helicopters.
This suggests a lack of business focus.
And have a look at their latest business updates:
They have basically next to nothing in terms of sales because they don’t have anything in production yet.
One key question... does the CEO have a lot of his own financial skin in this company the way Elon Musk did/does? Not as far as I could tell.
In my opinion, that’s important.
Workhorse’s CEO is Duane Hughes.
And he has been with the company since 2015:
https://www.bloomberg.com/profile/person/20133555
Here is some more background:
https://www.bizjournals.com/cincinnati/news/2019/02/06/cincinnati-public-company-ceo-steps-down.html
I’d say at best, they are where Tesla was maybe a year before the original Tesla Roadster went on sale.
WilliamsSW
> PatBateman
09/23/2019 at 19:55 |
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Buying companies like that isn’t investing, it’s gambling.
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valsidalv, reminding you that infiniti is an option
> Manwich - now Keto-Friendly
09/23/2019 at 22:57 |
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“ they are where Tesla was maybe a year before the original Tesla Roadster went on sale” - I’m trying to gauge if they will have Tesla-levels of success. The investments they’ve been getting can’t be anything to just gloss over.
facw
> valsidalv, reminding you that infiniti is an option
09/23/2019 at 23:03 |
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Don’t “invest” anything you can’t afford to lose here, as that’s by far the most likely outcome.
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Manwich - now Keto-Friendly
> valsidalv, reminding you that infiniti is an option
09/24/2019 at 08:02 |
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But keep in mind... there were at least 2 times Tesla was on the brink of dying... just before the Model S launch and just before the Model 3 launch.
I know in the first case, Tesla didn’t die because Musk put more of his own money into the company.
And lately, Musk has been buying more of his own company stock.
Can you say the same thing about workhorse and their CEO?
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PatBateman
> Future next gen S2000 owner
09/24/2019 at 09:31 |
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I mean, you could do it, but it would also lead to prison unless you’re in the Russian mafia.
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PatBateman
> MrDakka
09/24/2019 at 09:31 |
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Something like that. :)
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PatBateman
> WilliamsSW
09/24/2019 at 09:32 |
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Correct. And the house always wins.
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Future next gen S2000 owner
> PatBateman
09/24/2019 at 09:56 |
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That’s not what I was think of but I may know some people.......
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PatBateman
> Future next gen S2000 owner
09/24/2019 at 14:02 |
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“Igor? Hey, it’s F-ing S2000 owner . Yeah, go ahead and buy that stock, then we’ll get some schmucks to buy it on our end. Yes, wait for the pop, then sell all the shares to said schmucks. Tell Vlad I said ‘hey’.”