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  • Originally posted by tussin View Post
    I work in EV charging and can tell you that BLNK is a trash company. Their stock price will fall off a cliff when the EV bubble pops. Itís a $5/share stock.
    What is it about BLNK that you don't like, as a company not a stock. And since EV is the sector I am focusing on at the moment, what are some areas I/We should look at?

    Thanks in advance for the info.
    " Brendon Clark for QB 2021"

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    • Originally posted by Ndaccountant View Post
      No disagreeing with you, but do you really see any change on the horizon w/r/t liquidity?
      Institutional investors are watching this very very closely.

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      • Keep an eye on ZOM. They are going to launch a new animal testing machine and have alot of potential to possibly double or triple up in the next 6 weeks.

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        • Originally posted by Henges24 View Post
          Doge Coin - no joke
          I had like a 1000 doge and dumped them for a bit of a profit that I threw into GME.

          It's ok for a quick buck but it seems like once every few months there's a big push to get doge to $1!!!! It gets up around $0.10 and then falls back down to 3 cents. Rinse and repeat.

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          • Originally posted by StPaul_Irish View Post
            THIS along with PLUG/FCEL/BLNK

            Got in early on these and they look to keep going up. I like the stocks


            ** I am not a financial advisor and these are my personal opinions, I am in no way advising people what to buy or not buy, I am also an idiot **
            Originally posted by tussin View Post
            I work in EV charging and can tell you that BLNK is a trash company. Their stock price will fall off a cliff when the EV bubble pops. It’s a $5/share stock.
            Sold PLUG 2 weeks ago after it began stalling. Took home 130%. My best ROI of my young investing career.

            Also holding Fuel Cell and Blink
            "Fvck Michigan" - The World

            Comment


            • Originally posted by GATTACA! View Post
              I had like a 1000 doge and dumped them for a bit of a profit that I threw into GME.

              It's ok for a quick buck but it seems like once every few months there's a big push to get doge to $1!!!! It gets up around $0.10 and then falls back down to 3 cents. Rinse and repeat.
              Holding 2000 right now. Still down, but I don’t see this going away. There is a cult-like following behind this thing.

              Up over 600k followers on Reddit since last Thursday,
              "Fvck Michigan" - The World

              Comment


              • Originally posted by StPaul_Irish View Post
                What is it about BLNK that you don't like, as a company not a stock. And since EV is the sector I am focusing on at the moment, what are some areas I/We should look at?

                Thanks in advance for the info.
                Sure -- so before I dive into the company I want to emphasize that Blink is a company that is currently valued at $2B off of $4M in sales. At face value, that is bananas. Blink gets the majority of their revenue from selling EV chargers. I believe the split is something like 70% hardware and 30% services (from operating public charging stations). It's EV/Revenue is 20x that of Tesla. So based on the above, one would assume that Blink has ground breaking technology (like Tesla).

                There are 3 types of chargers for EVs: Level 1, Level 2, and DCFC.
                • Level 1 -- this is what most EV drivers have in their garage. Will charge a Tesla in 12-15 hours.
                • Level 2 - This is what you will find in many office parks. Will charge a Tesla in 3-6 hours.
                • DCFC (DC Fast Chargers) - This is like a Tesla Supercharger. They have various power levels but at a minimum will charge a current EV at a rate of about 3 mi/min at 50kW. Some newer ones at 150kW+ and can charge up to 15 mi/min.

                Blink manufactures and generates essentially all of their revenue from Level 2 chargers. IMO, L2 chargers will become obsolete. They are in no mans land. Cost prohibitive to install at home (for most) and charging rates that are too slow for widespread commercial adoption. No one wants to hang around for 2 hours for their car to charge. The most compelling use case is for office parks, malls, or apartment complexes to install them. But for the owners of these locations, L2 chargers will transform from "unique business perk" to major cost center as increased EV adoption necessitates the need for more L2 chargers at these locations. IMO, the future of EV charging is DCFC. It will be similar to the experience at a ICE gas station, pull up, fast charge for 5-10 minutes, and leave. I suspect chargers will get to be so powerful that most EV drivers will not even own a home charger. Blink does offer DCFC, but they are a reseller for other companies, mainly an Australian company named Tritium. Tritium is the largest manufacturer of DCFC in the world.

                TLDR: Blink is a company that is valued at 450x revenue and they manufacture a product that isn't even a compelling technology (and will be obsolete IMO in 5-10 years). This valuation has 20 years of perfect execution baked in.

                If you want a charging play, I would look at ChargePoint (going public via SPAC). Others to consider are EVGo (also going public via SPAC). Chargepoint operates charging networks but also manufactures their own DCFC. EVGo is a charging network operator. To be honest, I think these are also overvalued right now but they are much better companies than Blink.

                If you want a pure hardware play, one company to consider is Vontier. Vontier actually owns Gilbarco Veeder-Root, which is the largest manufacturer of ICE gas pumps in the world, and are thus valued at a much lower multiple. But they are moving into the EV space and have minority ownership of Tritium (with the guaranteed option to acquire the full business in 2021 or 2022).
                Last edited by tussin; 02-04-2021, 02:46 PM.

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                • Thanks for the rundown Tussin.


                  Another EV charging stock to look into is TPGY. They merged with EVBOX a European charging company.

                  IMO, and probably a popular one, Europe is destined to become EV-friendly before the US.

                  The stock has had a steady climb since mid-December and it could hit $50-60 like its US cousins, Blink/PLUG.

                  **** I am not a financial advisor ****
                  "Fvck Michigan" - The World

                  Comment


                  • Originally posted by Henges24 View Post
                    Another EV charging stock to look into is TPGY. They merged with EVBOX a European charging company.

                    IMO, and probably a popular one, Europe is destined to become EV-friendly before the US.

                    The stock has had a steady climb since mid-December and it could hit $50-60 like its US cousins, Blink/PLUG.

                    **** I am not a financial advisor ****
                    One thing to consider when looking at all of these stocks is that it is very, very difficult to make money in EV charging right now in the US. This is because chargers are extremely expensive and lose money for the operators. DCFCs cost a minimum $100K to get into the ground for an operator and the EV adoption simply isn't there to justify investment (and won't be for years). Tesla addressed this chicken/egg problem by installing their own charging network across the country. Charging is essentially a massive cost center for them.

                    Currently, almost all non-Tesla fast charger installations are entirely subsidized by the government in programs that are super inefficient, highly political, and hard to access. ChargePoint and EVGo have entire regulatory teams set up to try and access these funds.

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                    • REPS to both of you... Thanks for the info and other companies to look into.
                      " Brendon Clark for QB 2021"

                      Comment


                      • Originally posted by Henges24 View Post
                        Sold PLUG 2 weeks ago after it began stalling. Took home 130%. My best ROI of my young investing career.

                        Also holding Fuel Cell and Blink

                        That is fantastic

                        I bought into S&P 500 ETF to use as a holding/bank account type. If I fear a stock may fall or if I have a good profit/want to sell I sell it then buy more S&P. Its a little more complicated then that, but kinda my LONG play.

                        I sold about half my PLUG at $67 only for it to shoot up to $70. Its ok, It is also my best stock of MY young career.

                        Holding BLNK (for now) and FCEL/NOK




                        **** NOT A FINACIAL ADVISOR, OPINION ARE NOT STOCK TIPS ONLY MY OWN ****
                        " Brendon Clark for QB 2021"

                        Comment


                        • Originally posted by StPaul_Irish View Post
                          That is fantastic

                          I bought into S&P 500 ETF to use as a holding/bank account type. If I fear a stock may fall or if I have a good profit/want to sell I sell it then buy more S&P. Its a little more complicated then that, but kinda my LONG play.

                          I sold about half my PLUG at $67 only for it to shoot up to $70. Its ok, It is also my best stock of MY young career.

                          Holding BLNK (for now) and FCEL/NOK




                          **** NOT A FINACIAL ADVISOR, OPINION ARE NOT STOCK TIPS ONLY MY OWN ****

                          I sold my NOK. Couldn't stand looking at it flounder anymore. So congrats I'm sure it will shoot up to $17 next week.

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                          • Fortunately for me, I started getting big in investing in May/June. I got in on PLUG at 8$ and my return so far is +700%. I also got big on Tesla (+320%), Penn national gaming (+273%), Peleton (+173%) NIO (+306%), Cerence (+198%) and UMC (+140%) for an over ROI of about ~80% since early June.
                            .....Before I Get Out

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                            • Originally posted by GATTACA! View Post
                              I sold my NOK. Couldn't stand looking at it flounder anymore. So congrats I'm sure it will shoot up to $17 next week.
                              Same man. Bit the bullet and took a 33% loss on AMC & NOK. Actually felt pretty decent about it after I basically considered that money gone after zero upwards movement this week.

                              Robinhood killed a ton of people by not letting us in when it was hot.
                              "Fvck Michigan" - The World

                              Comment


                              • Can we change this thread name to Casino Royale or something more appropriate?

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                                • Roaring Kitty just got slapped with a class action lawsuit for securities fraud for the GME ordeal. Apparently Mass Mutual is named as a co-def as well. That is going to be interesting. Doubt they will be able to prove intent here, unless they discover something. But either way, he is going to have quite the legal bill.

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                                  • Originally posted by Ndaccountant View Post
                                    Roaring Kitty just got slapped with a class action lawsuit for securities fraud for the GME ordeal. Apparently Mass Mutual is named as a co-def as well. That is going to be interesting. Doubt they will be able to prove intent here, unless they discover something. But either way, he is going to have quite the legal bill.
                                    I hope someone takes it on pro bono. The firm he is getting sued by is notorious for soliciting clients for big class action lawsuits. They are pure scum... blood sucking leeches. The suit itself is ridiculous... some guy jumped in with $200k after GameStop had already spiked to $100 and tried to short and ended up losing his shirt... so he tried to play the same game as Roaring Kitting but was just bad at it.

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                                    • Amazing and kudos to all who are making bank on these speculations and shorts. I'm merely trying to save for retirement and earn some play money. At the beginning of the pandemic when the mood turned from Corona beer to "ah shit", I pulled everything from my retirement and then phased it back in around April-nice gains. Dumped extra cash into the market and played around and have done well-well enough to not have any losses, creating play money and certainly covering my early COVID purchases. At this stage, I'm done and somewhat in hoarding mode other than a few holds. Somewhat waiting for all this to tank.
                                      I have invested everything BUT tuition for Notre Dame. I make no apologies.

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                                      • $GME is back baby!!!

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                                        • Originally posted by RDU Irish View Post
                                          Can we change this thread name to Casino Royale or something more appropriate?
                                          I’d be interested in a separate thread for stocks.


                                          Sent from my iPhone using Tapatalk

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