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re: Is anyone following WorkHorse ( WKHS )?
Posted on 3/13/21 at 9:30 am to Joe D Grinder
Posted on 3/13/21 at 9:30 am to Joe D Grinder
quote:
I agree for the share price. Not necessarily for business. Have you ever dealt with a government contract? It isn't fun and profit is very constricted.
Yeah, and a contract usually goes to someone connected no matter how the rules try to keep it as merit based.
There is a big push from President* Biden and the dems for converting a lot of government vehicles to EV so this may not be over for reasons beyond the post office.
1
Posted on 3/13/21 at 6:33 pm to Auburn1968
Will something come of this? Probably not. However, there are a lot more potential government EV's out there.
quote:
Workhorse stock paring some losses after lawmaker demands USPS turn over vehicle contract
Mar. 12, 2021 3:03 PM ETWorkhorse Group Inc. (WKHS)By: Josh Fineman, SA News Editor26 Comments
Workhorse (NASDAQ:WKHS) shares pared some of there earlier decline, now down 3.7%, after the chairwoman of the House Oversight and Reform Committee demanded the U.S. Postal Service release the contract it awarded to Oshkosh (NYSE:OSK) for next-generation vehicles.
Representative Carolyn Maloney, a Democrat who chairs the committee that oversees the USPS, said “a thorough review is warranted to ensure the award process is free from undue influence and potential interference," according to a Reuters report.
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