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OSK - Workhorse: A Bearish View On The Potential USPS Contract
Oshkosh CorporationCommon Stock
Since I wrote an article featuring Workhorse (NASDAQ:WKHS) published on August 5th, Workhorse stock has been quite volatile in the $15 to $19 range on higher trading volumes. On August 10th, Workhorse reported Q2 results with revenues of $92k, and a net loss of $131.3M (including a $108.4M non-cash charge mostly due to the change in the fair value of a convertible note due to the sharp rise in the stock price during Q2). Management noted that only one truck was delivered in Q2, and only a handful of trucks are expected to