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Started By
Message
My WKHS cost basis is $38.57. Should I hold or sell?
Posted on 3/1/21 at 10:41 pm
Posted on 3/1/21 at 10:41 pm
Is this thing ever coming back? Is the USPS meeting all smoke and mirrors?
6
Posted on 3/1/21 at 10:54 pm to Street Hawk
Buy more tomorrow and absolutely slaughter your current cost per share.
Posted on 3/1/21 at 11:21 pm to LSUneaux
quote:
Buy more tomorrow and absolutely slaughter your current cost per share.
I’ve thought about doing this. I had purchases raging from $14 - 36.
Do you really think this will come up substantially?
Posted on 3/1/21 at 11:38 pm to Street Hawk
Just hold for a year min....its holding quite well around 17ish. Somewhat positive news this earning season. Hopefully the next one will be even better.
I don't think it will get any worse so I'd just hold. Honestly I sold most of my shares after the announcement and I lost around $3 per share and if I had held ot would be barely $1 lost a share.
I panicked sold and wish I didn't. I do think this stock will rebound....it might take awhile before it gets back to where u bought it but just hold for now and be PATIENT.
I don't think it will get any worse so I'd just hold. Honestly I sold most of my shares after the announcement and I lost around $3 per share and if I had held ot would be barely $1 lost a share.
I panicked sold and wish I didn't. I do think this stock will rebound....it might take awhile before it gets back to where u bought it but just hold for now and be PATIENT.
Posted on 3/2/21 at 12:04 am to supadave3
I was in the 30s, then after the plunge I bought in the mid-teens dropping my cost basis to $22. My hope is the possibility of the award getting pulled drives this up to $22 where I can bail.
Posted on 3/2/21 at 12:57 am to LSUneaux
The idea is to hold it unless you have a better stock to transfer the money.
If the management team can hit its goals, then this stock will do very well. If they miss, then the stock will take a hit. It is a risk like all stocks. Your job is to determine how much is at risk and if you are ok with the risk level.
If the management team can hit its goals, then this stock will do very well. If they miss, then the stock will take a hit. It is a risk like all stocks. Your job is to determine how much is at risk and if you are ok with the risk level.
Posted on 3/2/21 at 5:13 am to Street Hawk
I'm glad I didn't touch this one, but I'm in TDOC at a $272 basis , so I feel your pain. 
At this point, I'd say either hold and slowly reduce your cost basis for the next year, and hope that you can get back to break even by end of year. It's possible that they get a new contract and the stock moonshots again, but you can't count on that, especially with the competition they'll be facing in the future.
Or...figure out your acceptable loss, sell at a price you can live with and get the tax write off. It happens to the best of us, nobody bats a thousand.
As for TDOC, I'm reducing basis slowly, but I feel like it will get back to break even for me fairly soon. I might still be able to come out in the green, but this one will test my patience.
At this point, I'd say either hold and slowly reduce your cost basis for the next year, and hope that you can get back to break even by end of year. It's possible that they get a new contract and the stock moonshots again, but you can't count on that, especially with the competition they'll be facing in the future.
Or...figure out your acceptable loss, sell at a price you can live with and get the tax write off. It happens to the best of us, nobody bats a thousand.
As for TDOC, I'm reducing basis slowly, but I feel like it will get back to break even for me fairly soon. I might still be able to come out in the green, but this one will test my patience.
Posted on 3/2/21 at 5:45 am to Street Hawk
I have 200 shares @$33 per. I have decided to hang on to it for now. I am selling biweekly covered calls on it to make some scratch, which brings my basis down. I'm tempted to double up to get my average way down and be more aggressive on my calls and not give a damn about losing my shares
Posted on 3/2/21 at 8:09 am to Street Hawk
How many players are attempting to serve the commercial light/medium duty space with a dedicated BEV? Not many. Really none other than WKHS. I think they will carve out a very profitable niche, and they have plenty of mfg capacity via RIDE. The USPS thing is DOA, don't even pay it any attention, unless you want to buy more WKHS during the inevitable dips as people start to realize USPS isn't happening. OSK has never and will never effectively serve the broader commercial market. They will be like Grumman was with the LLV - they'll do this van for USPS, then back to other defense contracting.
Posted on 3/2/21 at 8:22 am to Ballstein32
quote:
Just hold for a year min....its holding quite well around 17ish. Somewhat positive news this earning season. Hopefully the next one will be even better.
I don't think it will get any worse so I'd just hold. Honestly I sold most of my shares after the announcement and I lost around $3 per share and if I had held ot would be barely $1 lost a share.
I panicked sold and wish I didn't. I do think this stock will rebound....it might take awhile before it gets back to where u bought it but just hold for now and be PATIENT.
If you believe this why don’t you buy it back?
Posted on 3/2/21 at 8:25 am to slackster
Maybe there's better short term opportunities than buying back into a stock that may or may not take a year to recover.
Posted on 3/2/21 at 8:27 am to MrJimBeam
quote:
Maybe there's better short term opportunities than buying back into a stock that may or may not take a year to recover.
Sure, I’m just trying to understand the logic of someone telling the OP to hold a stock but they won’t buy the stock themselves. It’s the same advice. The OP’s cost basis is irrelevant. Lots of sunk cost fallacy in this thread.
Posted on 3/2/21 at 10:17 am to slackster
I moved the money elsewhere and don't have the funds to do that right now
Posted on 3/21/21 at 9:19 am to Street Hawk
I bought in at $14 after the fall. It will buffer my bag holding on 100 shares at $31.
Seeking Alpha current review of WKHS:
Workhorse Group (WKHS)
Workhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.
The Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.
The C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.
Workhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.
Workhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America ("HCA") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.
Workhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.
LINK
Seeking Alpha current review of WKHS:
Workhorse Group (WKHS)
Workhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.
The Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.
The C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.
Workhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.
Workhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America ("HCA") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.
Workhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.
LINK
Posted on 3/21/21 at 1:00 pm to Vols&Shaft83
I really don’t know what to do with TDOC. I see it having problems with things opening up. I know my pain specialist has moved away from it. I loved it because I literally talk for 5 minutes to go through the particulars once a month. I only had to pay $8 for telehealth, not the normal $30. I wonder if the providers aren’t making as much.
Having said that, it’s at 190 and if there was a time to buy it is now. I would love to hear Cathie’s rationale for buying so much. I will look around. I’m sure there is an interview somewhere
Having said that, it’s at 190 and if there was a time to buy it is now. I would love to hear Cathie’s rationale for buying so much. I will look around. I’m sure there is an interview somewhere
Posted on 3/22/21 at 8:05 am to slackster
quote:
Sure, I’m just trying to understand the logic of someone telling the OP to hold a stock but they won’t buy the stock themselves. It’s the same advice.
I understand your point. But there is a difference between seeing a stock as a hold rather than a buy. Analysts’ ratings are usually pretty pathetic examples of Monday morning quarterbacking. But as individual investors, depending on our situations and outlooks, there are stocks that we may see as buys, holds or sells.
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