Polar Power Inc (POLA)

[hweb2]

POLA likely dropping to new lows on these poor results. Buy more? Why keep throwing good money after bad? There's thousands of stocks out there. Many of them zooming higher in this hot stock market at record highs.

Terrible report from POLA yesterday. Management again with the overpromise & underdeliver. Why all the optimism 3 months ago? Only to post another loss on a sharp revenue decline. Worst part was the backlog...down sequentially from $1.7M to $1.5M. And down from $6.9M last year. Yikes! That means Q4 will be another loss. Where's all these orders?

Maybe some of it was the hurricane. But why the heck did they put out that glowing PR last month about the small order to Puerto Rico. That PR came out AFTER the hurricanes.

I do think POLA will be a play again at some point. But probably in a couple quarters. From a much lower share price. The only attractive thing I see right now is the balance sheet. Hopefully that will keep it in the $3's. But I wouldn't be surprised if this bottomed out in the $2's. And that's assuming they will be able to get back on track at some point.