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AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
DPHC, sister company to WKHS has been on a steady climb, pre-merger anticipation. Merger date mid-October per CEO Steve Burns.

Still plenty of room to run - GL


Ballstein32
Auburn Fan
Member since May 2020
50 posts

re: Is anyone following WorkHorse ( WKHS )?
Yep. RIDE will be the new ticker symbol. I'm in on them as well, but not sure if I'm going to hold long term or sell after the post merger run up

Lordstowns truck, the Endurance, looks pretty sweet though.
This post was edited on 9/11 at 10:38 am


AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
Steve Burns CEO of LMC & founder of WorkHorse is a smart fella. Currently, both companies have unique products, in their own lanes with little competition. GL


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el Gaucho
Southern Fan
bawcomville
Member since Dec 2010
42534 posts

re: Is anyone following WorkHorse ( WKHS )?
Is dphc still a buy? Tfw I dumped a stake into a pharm company when I coulda made that electric ca$$$$h

The pharm company is alt btw I rode them from 5 to 28 now they’re at 12


AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
quote:

Is dphc still a buy?


It's still a buy for me. I added 1500 shares recently anticipating a run up. No one knows the final merger pricing. My conservative estimate is $35-$45 upon the RIDE merger closing. GL


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Ballstein32
Auburn Fan
Member since May 2020
50 posts

re: Is anyone following WorkHorse ( WKHS )?
I've been buying a little here and there in anticipation of what will happen when the merger is complete.


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AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
Congrats to everyone playing both, DPHC & WKHS. Sister companies each gaining 10%+ after huge gains last week. More room on the top end.....we got room for more to join the RIDE! GL


Ballstein32
Auburn Fan
Member since May 2020
50 posts

re: Is anyone following WorkHorse ( WKHS )?
Yeah buddy! Been a good few days thats for sure. I'm glad I held strong awhile ago when those hindenburg twats released that hit piece on Workhorse.

This is a good company and the sky is the limit for them.


GREENHEAD22
LSU Fan
Member since Nov 2009
14291 posts

re: Is anyone following WorkHorse ( WKHS )?
Been waiting to add on a dip and all this thing does is climb.


Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22638 posts

re: Is anyone following WorkHorse ( WKHS )?
Looking good on both fronts today. I’ve held WKHS since $2.70 so my returns look nice


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AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
quote:

Looking good on both fronts today. I’ve held WKHS since $2.70 so my returns look nice


Impressive! I started buying WKHS @ $8.87, I have been adding ever since. Started buying DPHC late @ $19, happy none the less. GL


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AncientTiger
LSU Fan
Mississippi- Louisiana - Destin
Member since Sep 2016
729 posts

re: Is anyone following WorkHorse ( WKHS )?
WKHS hits a new HIGH $26.90. FOMO buying I assume, contract timeframe getting short.

DPHC also trading nicely today.


Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22638 posts

re: Is anyone following WorkHorse ( WKHS )?
Looking nice


GREENHEAD22
LSU Fan
Member since Nov 2009
14291 posts

re: Is anyone following WorkHorse ( WKHS )?
I keep waiting for a dip to add to my position but have watched it go from $20 to now.

Debating on just getting in at the going market. Anyone see a pullback coming or is this thing the sky the limit?


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
69364 posts

re: Is anyone following WorkHorse ( WKHS )?
There was already a pullback this week. Yesterday I think.


GREENHEAD22
LSU Fan
Member since Nov 2009
14291 posts

re: Is anyone following WorkHorse ( WKHS )?
Went to $25,I am cheap, I was hoping for a pullback to like $20


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
69364 posts

re: Is anyone following WorkHorse ( WKHS )?
Yeah it was yesterday. Bought 450 @ 24.93


GREENHEAD22
LSU Fan
Member since Nov 2009
14291 posts

re: Is anyone following WorkHorse ( WKHS )?
Looks like I need to get to buying.


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Upperdecker
LSU Fan
St. George, LA
Member since Nov 2014
22638 posts

re: Is anyone following WorkHorse ( WKHS )?
Tends to pull back some after green days but the only major reason for a significant pull back at this point would be earnings (always goes down with earnings) or losing the USPS contract


cadillacattack
Auburn Fan
the ATL
Member since May 2020
822 posts

re: Is anyone following WorkHorse ( WKHS )?
Review of WKHS today by Jeff Vande Hey at seeking alpha. He has been a WKHS proponent for awhile now ...

quote:

Workhorse: Let's Pull In The Reins Sep. 18, 2020 , Jeff Vande Hey Jeff Vande Hey

Summary
Workhorse is a tiny company with some convincing growth catalysts. Those growth catalysts are as strong as they were a few months ago. At the same time, the market cap has increased 2400%, and the stock looks to have gotten ahead of itself. The upside no longer outweighs the risks.

Just three months ago, I penned an article about Workhorse Group (WKHS) referring to the company as a "Potential Thoroughbred". Even at that time, investing in Workhorse came with significant risk.

The stock had just tripled in value, the company had plenty of debt, and it was on track to deliver a mere 350 vehicles this year. Yet, with its powerful partnerships, patent portfolio, and unique business niche, the possibilities for explosive growth were undeniable. The stock was trading at $4.99 per share, and as an investor, the potential rewards outweighed the risks.

Fast forward to today and all of the catalysts for growth remain in place. In fact, an argument could easily be made that the company is in better shape than it was three months ago. Its partner and customer list still includes such formidable names as UPS (UPS), USPS, DHL (DPSTF), FedEx (FX), and Ryder (R). And, in recent months, the company has secured significant financing, expanded its deal with Ryder, and inked a strategic deal with Hitachi (OTCPK:HTHIY). Life is good, right?

Well, sort of. The kicker, of course, is that the stock price has risen dramatically in recent months. Since the run-up began on June 3rd, the stock is up more than 1400%.

If you think that is an eye-popping stat, take a look at the change in market cap. Workhorse Group's market cap has increased by 2400% in less than four months. Life does look good for the company. However, the only question most of us care about is not whether or not life looks good for the stock price. If not, it may now fall into the category of "good company, bad stock".

Let's take a closer look. ChartData by YCharts Workhorse stock price and market cap appreciation

So Many Questions
I continue to believe that Workhorse has some excellent growth catalysts and operates in a promising niche market. As I mentioned in my most recent article, the company is in its infancy, and this story is going to take 3-5 years to play out. Here is just a sampling of things that may play positively into the Workhorse story but come with no guarantees:

What percentage of last-mile delivery trucks will be EV in the future, and how long will it take for the transition to take hold.

Whether EV credits will disappear in the future. This is significant. In Tesla's (TSLA) most recent blowout quarter, it was widely reported that the company would have reported a loss, had it not been for regulatory credit sales.

The UPS partnership. Workhorse had been growing its partnership and recently received a 1,000-vehicle order. While that is promising, UPS also made an order of 10,000 electric delivery trucks from UK-based startup Arrival. UPS has worked side by side with Workhorse for a long time, but it is not married to Workhorse. Only time will tell how much the partnership grows.

USPS contract. Probably the most publicized potential catalyst. Great promise, no guarantees.

The Lordstown stake. This is definitely a positive. The question is just how much of the current $2.8 billion market cap can Lordstown account for. A significant Workhorse shareholder, Formidable Asset Management, stated the Lordstown stake could be worth up to $1 billion. If that proves true, at the current share price, the rest of Workhorse Group has to prove itself to be worth $1.8 billion.

Drones. I personally have no way to even try to value that part of the business. None of the above-mentioned items are negatives. However, none come with anything close to numerical guarantees either. While there are projections involved with any investment, when we are dealing with a company that only had $377 million in sales last year, the level of uncertainty is great.

Day Trading Rules the Day A look at the chart below that shows something that borders on ridiculous. Tiny Workhorse with 82 employees (in the process of hiring 200 more) trades eight times as many shares per day as UPS or FedEx. It trades 40 times as many shares as Ryder and about 100 times as many as Hitachi. Astoundingly, Workhorse even has a higher average trading volume than Facebook (FB).

The incredibly high trading volume for a very small company seems to indicate there is a lot of day trading going on. The fact that the stock price is so reliant on day trading further challenges my comfort level.

Valuing This Beast
This is not easy, and is certainly not an exact science. Workhorse, like most EV companies, is not currently profitable, and it's not like profits are right around the corner either. Because I would rather not rely on the traders who are exchanging 30% of the company's shares on a daily basis, we need to look for better, yet admittedly imperfect, methods.


More, continued at seeking alpha



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