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re: Is anyone following WorkHorse ( WKHS )?
Posted on 3/13/21 at 9:17 am to Joe D Grinder
Posted on 3/13/21 at 9:17 am to Joe D Grinder
So has this stock found a good bottom in the mid teens or still has some falling to do? Especially if the contract they didn't get becomes open again. But if it doesn't will it be a good long play at this price?
0
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.
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.
Posted on 3/13/21 at 7:04 pm to Auburn1968
Carolyn is upset she didn't get her cut. A payment will be made and all will be cool and my wkhs stock will be long hold until it proves itself.
Posted on 3/14/21 at 2:20 pm to Auburn1968
quote:
Workhorse (NASDAQ:WKHS) shares pared some of there earlier decline
Posted on 3/15/21 at 1:59 pm to Auburn1968
I got back in when it hit $14, but I've got 100 shares that I'll be holding until the Moon Base is built.
Posted on 5/10/21 at 12:29 pm to Golden_Retriever
oof
Posted on 5/10/21 at 12:35 pm to DVinBR
quote:
oof
Yeah.
This thing may be going to zero.
Posted on 5/10/21 at 12:41 pm to Chucktown_Badger
Anyone that didn’t bail after they lost USPS doesn’t know the company. It’s not a good company 
and I say this and I rode that thing up from $1.50 to $24. The reason for the run was the EV sector and USPS. Well EVs are way overvalued right now, and USPS ain’t happening
and I say this and I rode that thing up from $1.50 to $24. The reason for the run was the EV sector and USPS. Well EVs are way overvalued right now, and USPS ain’t happeningPosted on 5/10/21 at 9:39 pm to Upperdecker
I’d argue that most mainstream EV plays are currently undervalued. Take NIO for example.
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