RE:RE:RE:RE:RE:FunnyI bet you that over 20 years ENB will outperform this company handily. I've owned ENB for at least 10 years, have a yield on cost of around 10%, and that goes up with every dividend increase. I would never trade a JNJ, CIBC, ENB for a venture stock.
Good for you for buying at that time. I would say that's a good entry point. Here? Not so much. You're crediting timing over investing. The revenue they have from those orders is already baked into the cake. Do you really think the market cares about filled past orders? Yes, it will improve their metrics, but it doesn't change the current situation, and the fact that they don't have a full sized electric bus.
Please show me how short buses are being sold. I am seeing order after order of full sized electric buses. The short bus is a tiny fraction of the TTC's fleet.
Explain why a city would 'sub' out a full sized diesel for a 3/4 bus? That's my main issue. If you want to compete, produce a product that is competitive. They have a niche product that appeals to a small niche, and they are not the only company that produce 26' electric buses. That's my issue.
Unless a city has lower ridership on certain runs they would not buy a smaller bus. The alternative is buy 3 short buses to replace 2 full-sized models. That's fiscally imprudent and totally impractical.
Your little spiel provided nothing of substance. I've said it before many times, and will say it again, they stand to benefit from the sheer potential demand, that's it. They saw the writing on the wall and realized that the needed an electric bus. However, it seems clear to me that they only way they can be competitive is to offer a smaller product.
Proterra has the best product in the business, and BYD, New Flyer and others have economies of scale. They will struggle, I'm sure of it, but I believe they will survive. I would rather wait to see them obtain some orders before I am convinced that they are an investment.
For the past 3 months they are a hype story, along with all the other EV stocks that surged.
I believe a reasonable entry point is between 1.50 and 1.70. It is still very much speculative.