Hey everyone, super short DD. I came across this company Bluebird (Ticker BLBD). This is a legacy bus maker with strong connections to school districts across the US that reported fairly strong earnings (check them out on seeking alpha, don’t have a link for you). They recently announced they were expanding production capacity to 1000 electric buses to meet growing demand. They most recently sold 158 electric school buses this year and announced on call they were off to a great fiscal 2021 with 80 orders in backlog. They also noted they have been delivering electric zero emissions buses for over two years now and they are not a startup. They have pretty strong cash flow, they already service many school districts not only with buses but parts as well. I am thinking with 1000 electric buses coming in this environment (Environment - where companies that have delivered nothing in electric vehicle space are worth 10-15b+). At a measly 450m market cap this company is well positioned and could definitely see multiple expansion and is just fundamentally undervalued (electric vehicle company with p/e? Weird to even talk about that when valuing these companies). I can’t imagine this company is not going out of their way to produce expand electric school bus production if there is not demand, places like California are already going all electric. Chart looks really clean.
Con...pretty high debt..but they make money and are a legit company.
Always just my opinion, but love to share! Not financial advice!
Submitted December 22, 2020 at 08:09PM by tuzzzzzzns https://ift.tt/3piYaKM
