Blink Charging Co (BLNK)

[rawman]

Nor does it speak to the volume of new Electric vehicles set to hit the market.

Perhaps it would be worthwhile to re-read the article! It clearly acknowledges the growth in EV's, but rightly avoids directly connecting this growth to BLNK. There is a logical disconnect, when claiming the market will grow; therefore, BLNK will prosper! It doesn't work that way!

BLNK may or may not be a player! The competition will be fierce and may in fact be driven by large Fortune 500's, such as GE or the like. BLNK's Balance Sheet cash will be a pittance when compared to the Big Guns. BLNK currently has a relatively small absolute, not comparative, charging network. What are the competitive barriers to entry? How will BLNK defend its supposed turf?

Also, it is interesting to note that none of the commentary is arguing with the contention that BLNK's fundamentals are bad! There is no way $2.5 million in flat or even down-trending annual revenues with a total of $1.9 million in non-cash Assets on the Balance Sheet ever comes anywhere close to rationalizing a $150 million market cap! If not on the Balance Sheet, where is the "value" of the so-called "vast" infrastructure?

The "chartists" may argue with the article, but the fundamental business realities suggest BLNK is extremely overvalued! BLNK may ultimately find its niche and that's OK, but IMO the current euphoria is a bit overzealous!