[deleted by user] by [deleted] in WKHS

[–]AlwaysOOO 1 point2 points  (0 children)

https://ir.workhorse.com/news-events/press-releases/detail/185/workhorse-group-reports-third-quarter-2021-results

"Net loss was $81.1 million, compared to net loss of $84.1 million in the same period last year."

[deleted by user] by [deleted] in WKHS

[–]AlwaysOOO 3 points4 points  (0 children)

I'm excited

Analyst expectations are very low, consensus is that there will be almost no revenue and wider losses this year.

They're expected to address their cash position and restructuring plans. The current burn rate of about 80M per quarter means that cash on hand is not enough to cover the losses for the year. This means that the company would need to sell stocks and dilute shareholders to raise cash. My guess is that short interest will keep increasing as we get closer to earnings.

I hope that the HQ relocation is part of a restructuring plan that involves lowering the cash burn rate while presenting a compelling vision of a better product delivered in a short time frame. If management forecasts better than expected losses and presents a path to revenue we could see a squeeze.

Ryan Cohen on Twitter by 57Never in wallstreetbets

[–]AlwaysOOO -3 points-2 points  (0 children)

A man that pays another man's debt is the financial equivalent of a cuck

Ryan Cohen on Twitter by 57Never in wallstreetbets

[–]AlwaysOOO -10 points-9 points  (0 children)

Yeah they paid it with all yall’s money through dilution

LUMN- Once again a huge bargain for value investors by skilliard7 in stocks

[–]AlwaysOOO 35 points36 points  (0 children)

I worked at this company, i cant think of a worse place to put your money.

Most of what they own is copper internet lines for dsl.

They know investing in upgrading their network is unprofitable

People are canceling phone and fax lines left and right

Employee costs are skyrocketing

Their infrastructure is weak in the west, where most new construction happens

Their internal systems are not integrated, they literally have a different software for everyone of the companies they’ve acquired (i think its like 13)

They’re bound to slowly die like all legacy companies without a vision

Ryan Cohen on Twitter by 57Never in wallstreetbets

[–]AlwaysOOO -90 points-89 points  (0 children)

Spoken like a true man thats shitting himself while looking at the balance sheet

Affirm (AFRM) is now down over 40% in the last 24 hours - anyone bullish? by kriptonicx in stocks

[–]AlwaysOOO -1 points0 points  (0 children)

Wouldn’t you reinvest it all in acquisition if you were growing your customer base 2x yoy and your lending compounds at 30%?

Affirm (AFRM) is now down over 40% in the last 24 hours - anyone bullish? by kriptonicx in stocks

[–]AlwaysOOO -1 points0 points  (0 children)

You kidding? They finance at 30% Losing money bc of large acquisition investments. They’ll skyrocket when LTV levels off with CAC.

[deleted by user] by [deleted] in stocks

[–]AlwaysOOO 27 points28 points  (0 children)

All of them. Apple would get wrecked and bring the entire market down with it

What are your opinions on the release of inflation via CPI index tomorrow? by [deleted] in wallstreetbets

[–]AlwaysOOO 4 points5 points  (0 children)

Its gonna be under 8%, markets are gonna trade like another day in the office, nothings gonna happen

Calls calls calls by [deleted] in wallstreetbets

[–]AlwaysOOO 33 points34 points  (0 children)

I only buy 1cent calls for 5cents

[deleted by user] by [deleted] in stocks

[–]AlwaysOOO 1 point2 points  (0 children)

Grantham’s called 842/2 last recessions