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Is anyone following WorkHorse ( WKHS )?

Posted on 7/28/20 at 7:14 pm
Posted by Golden_Retriever
USA
Member since Jun 2020
20 posts
Posted on 7/28/20 at 7:14 pm
WorkHorse continues to receive positive news regarding their C-650 & C-1000 " Last Mile " delivery vehicles. Today, WKHS was approved for the HVIP - Hybrid - Zero Emission Truck and Bus Voucher Incentive program. The value of this voucher is up to $50,000 per vehicle. UPS, FedEx, USPS, etc will love a $50,000 voucher to off-set cost per vehicle.

In addition, $6 Billion USPS replacement vehicle contract is due before the end of October, of which WKHS is one of the 4 finalists. Plenty of great info o the web if interested.
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7371 posts
Posted on 7/28/20 at 7:50 pm to
I flipped it a few weeks back. Some traders are saying it is showing signs of a holy grail setup again. Thanks for pointing it out. I might take a position tomorrow.
Posted by Saintsisit
Member since Jan 2013
3932 posts
Posted on 7/28/20 at 8:18 pm to
Yeah I made up my IDEX loses at the end of June riding it from $14 to $22. Been watching it bounce in mid teens since then. Might look at sinking some tomorrow too.
Posted by Golden_Retriever
USA
Member since Jun 2020
20 posts
Posted on 7/28/20 at 8:22 pm to
quote:

IDEX loses


Still holding through ER, August 11th for better or worse....we will see?
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30578 posts
Posted on 7/28/20 at 8:23 pm to
I’ve held it and sold out a few times. Most recently I bought in March around 2.80 and sold around $19. Huge gain. I believe in the company but feel like it was way overvalued at $19. May buy in again soon
Posted by Golden_Retriever
USA
Member since Jun 2020
20 posts
Posted on 8/3/20 at 3:56 pm to
If anyone noticed my post on 07/28, today the stock jumped 23.58%, and that's just the start. I have studied /followed this stock for 6 months. The potential is unimaginable.

I would be happy to help or answer any questions regarding, why should someone invest in WKHS.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 8/3/20 at 3:58 pm to
Bought some today
Posted by bossflossjr
The Great State of Louisiana
Member since Sep 2005
12262 posts
Posted on 8/3/20 at 3:59 pm to
I started watching it after ur post but didn’t buy. Good call.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30578 posts
Posted on 8/3/20 at 4:05 pm to
I bought in again last week around $16. Lucky timing on my part
Posted by Ballstein32
Member since May 2020
366 posts
Posted on 8/3/20 at 4:36 pm to
I got in around $10. Its gonna blow up soon, thats for sure. Lordstown being bought out by a spac helped out immensely (thats why the jump today). Providing around $160 (i think) million is capital to help Jumpstart their production of their delivery vans.

Just waiting for the USPS announcement. Anytime between now and I believe some time end of October. There is a usps board meeting on the 6th.....who know what thats all about.

Thoughts?
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 8/3/20 at 4:44 pm to
No way the contract is going to a foreign company. It’s either them or Oshkosh.

Posted by Ballstein32
Member since May 2020
366 posts
Posted on 8/3/20 at 5:06 pm to
They are both going to get it. I do believe Workhorse will get more of it than the Ford/Oshkosh model.
Posted by Golden_Retriever
USA
Member since Jun 2020
20 posts
Posted on 8/3/20 at 5:26 pm to
Think about the following:

1. *Lordstown was a BONUS today. 10% of 1.6 Billion at the closing plus WorkHorse retains their 1% return on equity. $160MM for production needed Indiana plant upgades. The 1% will be a ongoing increasing annually with production volume.

2. Yes, the USPS $6.3 Billion contract most likely split with Ford / Oshkosh. Worst case 50/50, more than likely 75/25 due to WKHS is the only 100% EV Certified vehicle in ALL 50 states.

3. HVIP - WKHS is the only company that qualifies for the TAX CREDIT up to $50,000 per Final Mile Vehicle.

4. UPS? Ordered a additional 1000 trucks after their initial successful testing.

5. Ryder - established Fleet leasing program already in place.

6. What about WKHS Drone Technology? UPS is working with WKHS to have 5 Drones leave from a " moving warehouse " at a time. Per UPS once this technology is live, savings are estimated to be $50MM per vehicle.

7. What about Buy-Outs? Rumors are floating of a Walmart / Buy-out or Partnership to produce a Walmart Delivery fleet.

Ok....that's enough, I have plenty more.

Posted by Parade Grounds
BR,LA
Member since Jun 2017
863 posts
Posted on 8/3/20 at 5:36 pm to
I’ve been in since 2.55, sold my principal at 18 and holding the rest. Think it has a long term potential of $50 or so. Definitely more legit than a lot of other EV pump and dumps out there
Posted by thejudge
Westlake, LA
Member since Sep 2009
14061 posts
Posted on 8/3/20 at 6:29 pm to
If you buy either when combbined with the new ticket RIDE does it matter which stock ticket you pick up now? I've made decent on WKHS and sold off but kept on watchlist.
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1380 posts
Posted on 8/3/20 at 6:36 pm to
DPHC - is the current stock to buy if you want the Lordstown Spac - eventually RIDE

WKHS - will stay the same.
Posted by jimjackandjose
Member since Jun 2011
6498 posts
Posted on 8/3/20 at 8:24 pm to
Tempted to buy both
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 8/3/20 at 8:34 pm to
Tempted to add more
Posted by Ballstein32
Member since May 2020
366 posts
Posted on 8/4/20 at 1:36 am to
"6. What about WKHS Drone Technology? UPS is working with WKHS to have 5 Drones leave from a " moving warehouse " at a time. Per UPS once this technology is live, savings are estimated to be $50MM per vehicle."


One thing thats in Workhorses favor is they have several patents for their horsefly drone delivery system. They have a leg up on pretty much everyone.


LINK /


LINK

This post was edited on 8/4/20 at 1:43 am
Posted by supadave3
Houston, TX
Member since Dec 2005
30263 posts
Posted on 8/4/20 at 7:22 am to
Went ahead and spent big on 5 shares. Don’t let me down Money board. I got a cat to feed, can’t be playing games. ;)
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