Citron Says It's 'Insulting' To Call Blink Charging An EV Stock
Citron Says It's 'Insulting' To Call Blink Charging An EV Stock
Ten days after Citron Research editor and notorious short seller Andrew Left blasted Nio Inc - ADR (NYSE:BLNK) as the latest stock caught in the EV bubble.
十天后，Citron Research 编辑兼臭名昭著的卖空者安德鲁·莱夫特大肆宣 Nio Inc-ADR （纽约证券交易所：BLNK）是陷入电动汽车泡沫的最新股票。
Citron said Blink’s valuation makes no sense and called the company a “total scheme.” Left said it is “insulting” to call Blink an EV stock.
Citron 说过 Blink的估值毫无意义，并称该公司为 “整体计划”。Left表示，将Blink称为电动汽车股票是 “侮辱”。
“New most ridiculous EV stock is $BLNK. No $$ for R&D, management accused of securities fraud, no real revenues,” Citron tweeted.
“最荒谬的新电动汽车股票是$BLNK。没有资金用于研发，管理层被指控犯有证券欺诈罪，没有实际收入，” Citron在推特上说。
The Numbers: Bink shares are up 26.2% on Monday to $28.65 and are now up 1,630% in the past year. The company’s market cap is now roughly $1 billion even though the company reported less than $1 million in total revenue in the third quarter.
数字： 周一，Bink股价上涨26.2％，至28.65美元，在过去一年中上涨了1,630％。尽管该公司公布的第三季度总收入不到100万美元，但该公司现在的市值约为10亿美元。
“Expect a massively diluted deal soon so management can continue to deceive public. This should trade right back to $10 where it is still overpriced,” Citron said Monday.
“预计很快就会有一项大规模摊薄的交易，这样管理层就可以继续欺骗公众。这应该会立即回升至10美元，目前仍被高估了。” Citron周一表示。
$BLNK has made no progress expanding downloads or network in years. A total commodity product with no brand. It is an insult to other EV makers to even mention $BLNK as an EV stock, lowest form of shareholder base. This is a $1 bil joke. pic.twitter.com/x4H6CVjSeF
— Citron Research (@CitronResearch) November 23, 2020
$BLNK 多年来在扩大下载量或网络方面没有取得任何进展。没有品牌的总商品商品。更不用说这是对其他电动汽车制造商的侮辱 $BLNK 作为电动汽车股票，股东基础的最低形式。这是个10亿美元的笑话。 pic.twitter.com/x4h6cvjse
— Citron Research (@CitronResearch) 2020年11月23日
Back on Nov. 13, Citron urged investors to cash out of another popular EV stock, China’s Nio.
早在11月13日，Citron就敦促投资者从另一只受欢迎的电动汽车股票中套现，即中国的蔚来。
“After a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects,” Left said.
Left说：“在经历了一段艰难的交易之路之后，蔚来发现自己处在未知领域，其目前在中国电动汽车市场的地位或短期前景都无法证明这一点。”
Last Friday, Left also called Electrameccanica Vehicles Corp (NASDAQ:SOLO) “a complete joke.”
A Better EV Alternative: On Monday, Citron urged Blink investors to instead consider buying Switchback Energy Acquisition (NYSE:SBE), which trades at a similar valuation but has a much larger market share.
更好的电动汽车替代方案： 周一，Citron敦促Blink投资者改为考虑买入 回调能量采集 （纽约证券交易所：SBE），其交易估值相似，但市场份额要大得多。
“For all $BLNK investors who are naïve, for same mkt cap of $BLNK you can buy ChargePoint $SBE with 73% market share, considering mkt penetration $BLNK should be at $1 per share,” Left said.
“对于所有天真的$BLNK投资者，考虑到$BLNK的市场渗透率应为每股1美元，你可以买入市场份额为73％的ChargePoint $SBE，因为$BLNK的市场渗透率应为每股1美元，” 左边说的。
Benzinga’s Take: Stock market bubbles are defined by “irrational exuberance” that can temporarily send stock prices soaring to irrational levels. However, shorting stocks that are caught in a bubble can be extremely dangerous given that irrational exuberance can last for years and the ultimate top is only reached once investor enthusiasm has died down.
Benzinga 的看法： 股市泡沫的定义是 “非理性繁荣”，这种繁荣可以暂时使股价飙升至非理性水平。但是，做空陷入泡沫的股票可能极其危险，因为非理性的繁荣可能持续多年，只有在投资者的热情消失后才会达到最终顶点。
译文内容由第三方软件翻译。