OT: Stock and Investment Thread
- Thread starter RU05
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Do you know their market share? I also find your talking points interesting. Rev doubled from 19 to 20. Rev in 20 was $5.5 million. I think this was a short squeeze play before. But I think it’s going to pop soon. You should just wait for ChargePoint to IPO if you want to invest in this space.
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I do not.
But I do see a competitor just went public via spac. Volta. Current ticker of SNPR, which will eventually trade as VLTA. Jumped about 50% on the news of the merger.
Edit: More on Volta from this article. EV Charging Company Volta Finds SPAC Deal: What Investors Should Know | Markets Insider (businessinsider.com)
"Volta estimates revenue of $47 million in fiscal 2021 and compounded annual growth of 100% from 2020 to 2025. In fiscal 2025, the company could see revenue split as 56% from charging network, 37% from behavior and commerce and 7% from data. Fiscal 2025 revenue is estimated at $826 million".
Current market cap of $615.
Compared to BLNK's estimated rev's of $11 mil in 2021, and a market cap of 2.5 b.
Also from the aricle.
"An estimated $25 billion could be spent on public EV charging stations by 2040, including President Joe Biden’s call for more than 550,000 charging stations."
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I edit my previous post with more info. Blink has 3% of the market and Volta has 2%.
They learned a lot from TSLA. The idea of producing an affordable EV proved difficult. They will focus on their premium lineups and work their way down.
How bout Switchback? Also recently merged with a spac.
Edit: To your edit, what is Chargepoints market share?
Problem with the IPO's, at least recently, is by the time it's actually on the market trading, it's double it's IPO price, which was already fairly expensive.
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I think coming from a different place allows them to attack ev differently. TSLA would be limited on the # of cars they sold if they only sold high end. The legacy brands can sell their EV's on the high end and still sell a ton of affordable ice cars.
Though I think the plan for the legacies, because of the chip shortage, is to limit the production of less profitable cars, in order to keep the higher ends being built. But this is a short term thing.
SPAC thing scares me. It started out as a good idea but .......don’t know much about Switchback.
Heads Musk wins, Tails shareholders lose. What's the depreciation rate on their bitcoin holdings?
Where were you getting those market share #s?
Also, and this is in my edit above, do you know Chargepoints market share?
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Yeah, BTC got north of 48k and ETH broke the 1800 level. It will be interesting to see what the new floors are now. I assume it was step up to a new level, but you never know. BTC really seems to be gaining strong institutional support.
Morningstar has BLNK rated as 3 stars - i.e., close or near fair market value.
Apple seems to be close to okaying BTC in transactions. Get your positions in line, may be a wild rise soon. I need to top off Argo and Galaxy today. Breaks my cost basis heart, but I can't keep waiting.
saw it on a Bloomberg article. Chargepoints have 47% and TSLA has 22%.
I'd wait till it got to that 42ish level at least.Buying day?
I'd actually wait to see if it broke through to the downside first.
Piece on SPACs in today’s NYT.
If Twitter or Apple announces, it won't get down that far for a while. I'm good on GBTC and ETHE as of now, but I will have extra bullets to fire starting on Friday if/when there is a big correction.
not sure that was the takeaway from that interview. To me, he said if it becomes currency, they'll allocate cash position to it. Of course, there is an article out today about the guy who bought 2 pizzas with 10k Bitcoin. Also, Fertitta said they sold 17 cars since 2018 accepting Bitcoin. It's almost like it's own worst enemy.
In response to the Clover Health/Nikola situations I'm sure. Definitely some risk involved.
@BellyFullOfWhiteDogCrap
Guess we are not skipping flying cars. Not sure if this will hurt the robotaxi plan for TSLA.
Guess we are not skipping flying cars. Not sure if this will hurt the robotaxi plan for TSLA.
They need not be. Jeremy Grantham is in on GS, that went public via SPAC. I'm sure that one is pretty solid.
Yes, of course someone with good, honest intentions can make anything work. However, this vehicle is very easy to use for shadiness. Definitely something to be careful with. Do your HW!
In my experience, if I like a SPAC, I'll sell right before it merges. I may miss out on some huge gains but the ones I've sold seem to go down after the mergers. I'm all for singles and doubles, not always swinging for the fences.
Well, I have 2 phases for my crypto account. Phase 1 is 60% of funding and I would like to get this set-up as soon as possible. Very close to done with this. Phase 2 (40% of funding) will chill on the side and be used if a dip is too good to pass up. It is definitely possible that I never use Phase 2 money. We shall see!
I got in on DNMR post merger, and even post initial run, and that one continues to do very well.
Less then 1% of portfolio allocation in these positions, so not a huge risk.
Even in the case of NKLA, or CLOV, it's not like the stocks totally collapsed. I'd actually like to be in on the former, was hoping it got down below $10 on it's most recent dip, but it rebounded. Currently around $22.