BLDP

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I bought Ballard Power (BLDP) last year due to the hype in Hydrogen boom. I am down 16%. What do you think about its future? Should I do a dollar cost averaging?

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Asked on March 28, 2023 8:20 pm
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To be completely honest, the fact you're down 16% is actually a good thing, considering the stock is down nearly 90% off February 2021 highs.

Ballard is a company filled with inconsistencies, and in my opinion I think it's still pretty expensive here trading at 10x expected sales.

The company is expected to post some pretty significant growth over the next few years. However, it's been touted as a high growth play for nearly two decades now and the company has never really been able to put it together.

I'm not sure I'd be adding here. If you believe in the hydrogen industry and Ballard as being a leader in that industry, I'd say it's a firm hold. But this is an investment that could take a very, very long time to play out. We are still a decade away from anything meaningful IMO.

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Posted by Dan Kent
Answered on March 29, 2023 3:08 pm
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Dan, are you still of the same opinion on Ballard?
(dvassil@telus.net at March 20, 2024 7:50 am)