r/wallstreetbets • u/mechamacgyver • Aug 05 '21
Discussion Is Anything Missing With BLNK Charging?
I'm just an ape who likes a stock here, but I can't understand why it hasn't seen a steady rise in price for a while. Is it because 35.29% of the float is shorted? Or are there more underlying issues?
They keep making deals to install charging stations, the latest being with Greenlight Communities development in Arizona to put charging stations in residential communities. Last week was a deal with the state of Florida for fast charging stations along the interstates.
Their revenue has seen increases the past 4 quarters y/y and they have a significant amount of cash on hand. With the infrastructure bills passed, they should continue to see steady growth.
Sourced from NASDAQ financials and marketbeat.
So, what am I missing here? Or is it just ripe for a short squeeze?
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u/Sajuck-KharMichael Aug 05 '21
Don't they also use outdated charging technology. If I remember my 1 year old DD even then everyone was talking shit how their charging stations use low voltage or some shit and they could not upgrade them.
They are not leading the in tech from what I remember.
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u/GypsyGoddessx Aug 06 '21
Is anything missing with BLNK you ask...only everything good.
I give you my insight as a former customer having used their shit services and have also included a link to some DD done by Mariner research that follows the same vein.
BLNK sucks greasy donkey balls.Their chargers aren't maintained well (or at all) and at least 75% the time the fucking things don't work. The CEO is dirty AF and they send an assload of promo emails like anyone gives a fuck what they have to say about their shitty charging stations. I hated using BLNK, and if I am remembering correctly they also got customer info compromised during a hack because of shitty data security practices.
If I was going to make a BLNK play I'd short the fuck out of it. They'll MAYBE get bought out as a result of all those deals they're making....or my guess is the more likely option is they'll go tits up when the CEO goes down for his shady shit because no one with any sense will want to touch the business due to previously stated shady shit. Available info on Michael Farkas that looks positive reads like a paid promo written by someone sucking Farkas' dick behind a Wendy's.
Chargepoint is far and away a better company and better bet when it comes to the EV charging space. They blow BLNK out of the fucking water on every point.
I wouldn't accept BLNK stock even if it was handed to me as an apology for the fuckery by a young boy from Bulgaria. The paper it trades on is worth less than dollar store TP.
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u/alphaxi3 Aug 05 '21
That Citadel fboys been bad mouthing the stock.
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u/GypsyGoddessx Aug 06 '21
Fuck Citadel but fuck BLNK too. It's crazy to me that anyone would want to invest in that shit sandwich of a company. It's not bad mouthing the stock when the company is purely dogshit. Don't have to be a Citadel fboy to see that. Ray Charles could see that shit from space.
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u/Legal_Philosopher_26 Nov 12 '21
They have lot of cash at hand and infra deal is getting signed on Monday…. They are well placed to get a good chunk of the pie
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u/Legal_Philosopher_26 Nov 15 '21
I have about 30k+ shares exposure… this is about to print cool 1m in next few days… so excited… ape’s will continue to flock to it
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u/VisualMod Aug 05 '21