WKHS

WKHS- ARK is buying this dip because WKHS will likely contest the USPS contract decision, but also because it is solid company that is way oversold. I see this creeping back up in the upcoming weeks. Per ARK e-mail this past weekend: “ Workhorse (WKHS), a technology company that designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States, traded down 47% on Tuesday and then up 24% on Thursday. The sharp decline was in response to its loss of the U.S. Postal Service's (USPS) next generation delivery vehicle contract to Oshkosh. WKHS then appreciated on news that a Democrat in the House of Representatives is attempting to overrule the contract award to Oshkosh. ARK finds it odd that the USPS is not committing to a fully electric platform which, according to our research, will dominate truck production and sales in the next ten years. ”