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Tuesday, May 04, 2021 8:07:22 AM
It is unimaginable at this point that Lordstown Motors does not bring the Endurance to market. We are in the year 2021! EV technology is on the streets all over the place (Tesla, Bolt, Volt, Mustang, Taycan, E-tron, etc. -- not to mention Nio and other Chinese ev makers) -- virtually any manufacturer can make EVs and seems like most are working on it.
The technology is here and Tesla paved the way for sure.
Lordstown Motors is using a working GM plant, Silverado-similar parts out of GM's parts bin, and proven/unique hub motors (this isn't up for debate unless someone is playing for the Shorts).
Seriously now!
Do what you will with your money, but in my opinion:
-- For investors that really believe there is a reasonable chance LM cannot bring the Endurance to market, then it would seem now is the time to sell before, in those investors' minds, the stock goes to $0. Save yourself the agony!
-- For investors (like me) that are down from where their cost basis is, due to this heinous Short attack, it makes sense to wait until orders are announced and production begins to see where that takes the stock. Surely, it will be a valuation play at that point. 1st year's 20,000 trucks at $52,500 per truck is $1.05B in sales revenue. 20,000 trucks at only $10,000 profit per truck is $200,000,000 in profit. Put whatever multiples you want on those numbers. For example, a simple 18x profit gets you to $3.6B valuation.
WHAT SHOULD $RIDE INVESTORS BE DOING NOW:
We should all be putting our thinking caps on and finding creative ways to spread the good news via the $RIDE Ultimate Investor/DD Guide (which contains many great DD links). One creative member of our Sub has found a publisher that reaches a substantial audience to publish the Guide and hopefully it is going to happen soon. I contacted the editors of the Green Car Reports (that have several other vehicle related publications in their portfolio) and asked them to do an interview of LMC and to review the Endurance. Sure, I got no response ... yet, but the editors did get the email.
Let's think and bombard all possible venues of social media, publishers, whoever and get the DD out there. These are the kind of posts on this Sub that will serve us all well and provide everyone with ideas to take action.
When there is substantial good news, then we should go back to those same publishers/editors/social media and update them in the most positive way.
The definition of insanity is doing the same thing over and over expecting different results. We are in a low $ trading range. OK. We all know it. There is no substantial news right now. $9.30 ... $10.01 ... $10.37 ... $9.70 -- following it and complaining every day, happy when it's at $10.37 and mad when it's back at $9.50 -- all that is going to do is drive any reasonable person batty!
Though there shows to be almost 3,000 members of this Sub, based on never seeing more than about 150 upvotes on the best of posts, who knows how many active members there really are (and not Shorts/Trolls/Fake Accts).
I want to call Time Out and call ENOUGH of the negativity. The stock is not going to $12 tomorrow. It just isn't. Why would it...really...unless there is substantial news? We're in for a somewhat longer game -- but clearly, by the end of Sept when production is scheduled to start there should have been fireworks going off several weeks prior. Too bad in today's trading world 5 to 6 months is an eternity, after the GME, AMC, KOSS nonsense that went on -- talk about companies that have nothing going for them by comparison to LMC. What about all the people that bought in those at really high prices and lost bigtime $ -- and there's nothing substantially tangible on the horizon for those companies (I'm not looking for a debate on that statement, just making a comparative).
FACT: Nothing the Shorts/Trolls/Fake Accts can say or do will ever have any bearing whatsoever on how many Endurance trucks LMC produces or by when they are produced -- period, end of story! How about we agree to not even respond to obviously purposely negative troll posts. They aren't worth it. We don't need them trying to get us down. We won't have it.
I am only one person with one opinion and outlook. This is NOT my Sub. What I say above makes a lot of sense to me. If it doesn't to you, my apologies for your taking the time to read it. It will be the last post I make of this type ever again regarding LMC, no matter.
Anyone who feels the need to spew nastiness and hate because of this post, I can't stop you, but you show your lack of character as a person and hopefully some day you will wake up and that will really matter to you. Just so you'll know, you won't bother me in the least.
For me, I believe $RIDE will be an outstanding investment -- possibly the best of my life. I look forward, for whoever stays the course, that we can all look back in 6 months, 9 months, and 1 year and see how awesome the reward is at that time.
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