Polar Power Inc (POLA)

[ebase22]

Now at 3.50, it is really tempting to go buy a lot more (but personally I already doubled down previously).

At Q2 sales annualized, this is now trading under 1x. And at a P/E ratio based on q2 earnings annualized under 15 for a company with 40-50% y/y revenue growth.

It really shows how much lack of confidence there is management.

One one hand in another quarter or two if they actually deliver, this thing could be at $7-8. On the other hand even if they do ok, a complete lack of trust in management ability may mean a low earnings multiple for quite some time until that trust is earned.

It’s a tough call.