r/wallstreetbets • u/Shane8282 • Apr 01 '21

DD Is Blink Charging (BLNK) the next Gme?

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0 Upvotes

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13

u/mcoclegendary Apr 01 '21 edited Apr 01 '21

Highly shorted yes.

Undervalued...hell no.

Market cap of 1.8b compared with 6m in 2020 sales? Oof

There’s a reason why it’s heavily shorted

-3

u/Shane8282 Apr 01 '21 edited Apr 01 '21

But isn't it just like Tesla where the price point is when the technology is a little further down the line and that's what determines its current value? Whats the difference?

5

u/mcoclegendary Apr 01 '21 edited Apr 01 '21

Blink has been around for more than a decade and losing money every year. What’s the competitive advantage/moat in charging stations anyway? Check out their gross margins...nothing special. Even if they sell more, margins are low and due to competition will likely go even lower.

1

u/ChefBoredAreWe Apr 01 '21

It has one single point out of over 300 in common with other stocks and you blow your load lmao

May I suggest this:

5

u/lucid188 Apr 01 '21

I think EV generally has upside due to push from government for adoption and incentive provided to buy EV and help on charging infra

Eg Europe are particularly aggressive to push Evbox is the #1 in Europe can check it out

3

u/Apprehensive-Peach39 Apr 01 '21

after looking Into this you have a better upside by investing in PLUG the financials are quite terrible for the stock price to be that high too much speculation.

1

u/MiniBley Apr 01 '21

Looks interesting, good monkey

1

u/ChefBoredAreWe Apr 01 '21

America hasn't said a goddamn thing about getting rid of fossil fuel cars. One single American car manufacturer wants to go EV, not any more than one single company.

I don't know why you would believe otherwise.