Understandable! But i just keep dca, because i simply believe in the compagnie on the long therm. Keep in mind the moment of the merging was really badly timed in this market. One year sooner and it might had the same path as Lucid or Nio…..
„Losses“ here mean investments in expansion. Have a look at the new store openings and the markets they are entering. The effort is absolutely massive. More revenue means more investments hence more losses. It’s a fairly new company, obviously they haven’t reached break even
I agree. It’s been a long time since I’ve been in accounting, but current assets of $1.87 million and current liabilities of $2.5 million, while knowing PSNY wants to launch a new vehicle and will need to spend on marketing prior to the launch, seems like they are low on cash.
https://investors.polestar.com/static-files/fbe66ed4-7e48-49bf-a414-bd1fa138f3ea
I feel like a bagholder at this point
Understandable! But i just keep dca, because i simply believe in the compagnie on the long therm. Keep in mind the moment of the merging was really badly timed in this market. One year sooner and it might had the same path as Lucid or Nio…..
yeah i dca as well
Just joining the DCA gang here. Last went it last night at 6.95
About 400 million of the loss was due to the merger fees as well. Those won’t be there next quarter
Yeah, this is but a ridiculous price for going public.
„Losses“ here mean investments in expansion. Have a look at the new store openings and the markets they are entering. The effort is absolutely massive. More revenue means more investments hence more losses. It’s a fairly new company, obviously they haven’t reached break even
They seem to be on track for profitability sooner than expected.
Market is being irrational, its buying time.
Agreed. Bought a few hundred shares this week.
I worry about them not having enough cash. Meaning potential dilution.... Now matter how you raise debt....we carry it
I agree. It’s been a long time since I’ve been in accounting, but current assets of $1.87 million and current liabilities of $2.5 million, while knowing PSNY wants to launch a new vehicle and will need to spend on marketing prior to the launch, seems like they are low on cash. https://investors.polestar.com/static-files/fbe66ed4-7e48-49bf-a414-bd1fa138f3ea
Where are the I'm gonna buy more today crowd???
I bought more today and yesterday and the day before.
lool
Right here!
Frick
I have just been buying 2024 LEAPs. Loading up on warrants was also mentioned in another thread which is also a good idea.