NU Ride Inc (NRDE)

[Benwahsauce]

Since when was cutting labor and reducing costs bad for an incoming recession?

Inflation hit 9.1% today (7/13/22) and is expected to hit 9.5-10.5% in the coming year.

By taking care of that pre recession, it will help them get through it with minimal damage. That’s a sign of a company that has been run properly and has management that can adapt freely to the economic conditions. Very important!

I’ve seen it plenty of times before but you can have the greatest product in the world, BUT if management cannot scale, produce, or market…the company goes nowhere.