Okay folks, so no violence today. I got a bit of a headache, so we're gonna tone it down on that front, but we've got work to do. First, we're gonna give an update on the market and plays and then number two, we're gonna be non-violently discussing one stock, one twenty dollar Ev stock that is down about 50 from highs that I believe is really, really undervalued and I actually want to pull up the receipts on how it compares to its competitors. And the only thing that I ask in return for all of this is that you hit that ravishing like button and also don't forget to subscribe either.

You had some solid positivity throughout most of the day with a lot of green and then all of a sudden some risk off trading towards close, the coin of Bit hitting new highs at 66k a coin. While I was shooting this video, we've now hit a 1.2 trillion dollar market cap. Ethereum holding above 4k. Almost half a trillion dollar market cap.

That's more than like two. Jeff Bezos is right there. or I should say Jeff Bezine. Generally speaking, a reversal in the cryptocurrency market is led by Bitcoin and Ethereum.

You see tons and tons of money flow into those two currencies. and then once they start getting close to topping out and slowing down, you see that money go and a lot of the short-term speculators pull out and start buying a lot of the alt coins, causing them to run up hundreds of percentage points. And sure, you had some Dojis running around without leashes today, and a lot of the top 50 cryptos were green, but you just haven't had that same strength and consistency that you had during the last topping of Bitcoin, which to me smells like we could hit the 70s. And I ain't talking boogie nights.

Mara Lovely, Mara found some resistance before breaking all-time highs. She's gone from May lows at 18 to now 53 dollars. Totally insane. She's a dirty little tease though, isn't she? She was up like five percent at one point today and then ended down on the day even though we had a breakout day in Bitcoin Riot performing a little better.

But one of the issues with crypto miners that you'll see often is that they do have correlation with the overall market, not just Bitcoin. If you have Bitcoin breaking out huge and risk off trading going rampant in the market, obviously, you're gonna start seeing some pulling factor down on Mara and Riot, which otherwise may have gone a lot higher. I can't complain about Mara though. She may be a dirty tease, but she's my dirty teeth.

That being said, oftentimes people ask Charlie: why should I buy a crypto miner when I can just buy the underlying asset which is the crypto that it's mining? Well, that's a personal choice and it really comes down to your diversification goals and well, your bullishness on the sector. In my view, miners offer a very interesting value add because at scale and maturity they offer the ability not just to take advantage of Bitcoin's up trends, but also to take advantage of Bitcoin's downtrends because during downtrends, demand and competition on the network goes down, which means that generally miners can accumulate and produce a lot more Bitcoin during those times. And then when Bitcoin recovers, they can sell them at much higher prices if you just buy and hold Bitcoin while you're just kind of riding the waves. I'll be the first to tell you though, right now, these companies are still very early stage, so you're not really getting that benefit at the moment, which is why they mostly just follow the direction of the crypto market right now.

It might be the long-term value out of a crypto miner is simply that during periods of Bitcoin downturns, it can actually compensate for that by providing some excess alpha when Bitcoin prices recover, and they're able to offload all that excess easily produced bitcoin when everybody else is rushing to try to mine it themselves. but competition is at new heights. Okay, next Bbig. Now, I didn't get to talk about this one yesterday because I was filming already when the news came out, but apparently the kryptide spin-off date that was slated for Friday was delayed according to Sec filings to December 27, 2021.

And because of that, Bbig, which was pre-anticipatory running up to said catalyst, well lost all those Momentum traders and all that momentum capital. The Momentum traders that were speculating on it left about as fast as the filing came out. I know that a lot of folks in the financial media reported this as stock plummets after Ceo and Cfo resigned, but it had already been public knowledge that that had happened. A new Ceo and new President were actually voted in just a few days ago on October 14th.

The other leadership is just shifting to other areas within the overall organization, so that's definitely not the reason that it dropped because we've known that for like four days. But my outlook on Monday we talked about how I was worried about the momentum cooling off despite the massive risk on day, and we talked about tightening risk management usual Mechanical Charlie stuff. I thought we were in for a weakening of momentum, but I didn't realize that we're going to actually get a delay of the catalyst, which is much worse than a weak need of momentum. I mean, are there more pre-anticipatory runs on the horizon? Well, there's definitely more catalysts, but I gotta be honest, I'm disappointed in the leadership's move to delay this.

If you're a trader, it's very, very difficult to trade off catalysts if you can't trust the dates. If they're just gonna keep pulling fast ones, then I'd rather just avoid it. Okay folks, so the main entree today is the charge of Point Charge point. We've been talking about it for the last couple of weeks, a lot more because it's still at what I consider historically cheap prices and it's important to talk about stocks, not just when they are up, but also when they are down.

and more importantly, to focus on what the companies actually do in the numbers so you can get rid of some of the a quick Tldr. We've talked about the business model a lot, but here's a new analogy. People often make the analogy of either being the one mining the gold or the one selling the shovels, insinuating that selling the shovels is a much better business model and there's a lot less risk. You see, Chargepoint's business model is essentially to sell these shovels of Ev charging Ev charging infrastructure, Ev charging software maintenance to those who are looking to build charging stations, and then better yet, keep charging them reoccurring subscription fees for the same shovels.

The property owner takes on the risks and the costs to set it up and maintain it, and whether or not it's utilized, Chargepoint earns their dollar. They also effectively lock in property owners with the huge upfront cost of buying the hardware. It's a beautiful process, but at the same time, there's a massive, massive shortage of Ev charging stations, so it's a win-win for everybody involved. But anyways, today, I actually want to go ahead and specifically compare and contrast the numbers between Chargepoint and some of its competitors, and hopefully leave you with something that you didn't know before you watch this comparison.

So I went ahead and made a spreadsheet with three different Ev charging station companies: Chargepoint, Blank, and Evgo. All of them are trading publicly. Each of them have their own specialties and certain things that they're better at. Some do sell electricity and own land as part of their business model, but overall, if you're going to gauge value, these three are the ones you want to gauge.

You have charge points sitting at a market cap of 6.8 billion dollars, number of ports or charge units deployed is 118 000, which comes out to a market cap per charging station at 57 796 dollars. Blink sits at a market cap of 1.22 billion. It sells electricity. In addition to its business model, it has 24 000 ports, comes out to a market cap per port at just under charge points at fifty thousand, Eight hundred, Thirty Three dollars.

And then you have an earlier stage company like Evie Go that specializes in technology and it's very, very strong. Really, really great technology. It's the leader in fast Ev charging stations, which it definitely has an edge in, and I think almost all of these Ev charging stations that are listed, although there's not that many. Almost all of them are that fast, more competitive charging station, so they may actually be worth a decent amount more per station than the others, But that means that because of the much earlier stage, it hasn't built out enough ports to really be valued properly in the same range as charge Point and Blink.

Market cap is mostly based on technology and future partnerships maybe perhaps some potential buyout opportunities. so it's not really fair to compare it and say that Evgo trades at 2.5 million dollars a port. However, when you start getting into sales multiples, you get a little bit different of a picture that you can bring all of them in. If you look at the three different sales categories, you have charge points sitting at 231 million in sales for 2021, Blink at 16.2 million in sales, Evgo at 20.3 and then the sales multiples come out to Chargepoint at 29.52 Blink at 75.17 and Evgo at 103.45 Now, obviously, based on a year time horizon charge points looking a lot better of a deal, it's looking a lot less risky.

They're deploying a lot faster. They already have a lot of built infrastructure in place, Their sales multiple is a lot less for flung over a shorter time. Horizon with blank repaint basically twice the market cap for the level of sales. And obviously with Evgo, your pain and even higher multiple.

now we go over to 2025. You expand the time horizon up to 2025, and the picture looks a lot different. Sales for 2025 lead to sales multiples for Chargepoint at 5.5 Blink at 8.44 and Evgo at 3.81 So based on the sales multiple, assuming that companies are trading at 2025 revenues, you're getting the best deal with Evie Go. But keep in mind that this analysis is very, very bad at quantifying relative risk with the three parties.

The more risk and longer the time horizon that you take on the more chance you have of massive growth. But you have to also make sure that you're balancing out things correctly. Charge point, for example, while trading mid-range to these three, actually has a ton of diversification around the world. Very low capital business model that doesn't involve actually buying and maintaining the charging properties itself, rather collecting fees for doing that and selling the shovels controls the majority of the market and has a massive network already built and locked in.

Link on the other hand, looks terrible in value after a year, but starts looking a lot better after a couple years and it probably is going to be a good company. It does have a disadvantage in that it controls a lot smaller portion of the pie also going to face rising competition in the upcoming year. So Charge Porn already has the proof of concept where you have over 70 percent of market share. so you do have that balancing act there, right Evie? Go in my view, is the riskiest over a year horizon, but the highest potential performer over a five-year horizon.

The intense value of its technology is likely in my view, to provide a lot more shareholder return than either of these two. I just think that it's a lot more risk on. I think that in totality, if I was going to make the case for value-wise Chargepoint is the best all around. You get the aggressive growth potential, you get the proof of concept, and you also get a lot more of that safety and the sense that you have proof of concept.

Also, just to be clear, I do like Evgo a lot. I actually think they might be doing a lot better than these sales numbers by 2025. But as we edge closer to the year, I want to make sure that we talk first about the companies that are so obviously beat down that have a lot of value to them just to put them on your radar so that you can do your own due diligence on them and sort of come to your own conclusions. But I feel like it's my job to put on the radar the why and the what, and then you can decide whether you agree with my reasons or not.

Anyways, folks, that's it for today. If you have any questions, feel free to reach out to us below or join us on Zip Trader Circle if you'd like to learn how to trade. with our private chat, our daily morning briefings as well as our step-by-step lessons where we will walk you through everything that you need to know in order to learn how to better trade and manage your account in the stock of market. Well, we'll go ahead and put a link to Zip trader you below.

This is not the type of course where you can buy it and get away without doing any work. This is something where you're expected to put a ton of work in and effort to get any sort of result. When I buy something, you better bet that I get every single dollar worth out of it and I expect the same from you. Also, if you're wondering what broker to trade these stocks on, well we like to send new traders over to Public.com Ziptrader and I'll go ahead and put the link below.

You'll get a free stock valued up to 70 when you use that link. Anyways, have a good one and I'll see you in the next video.