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Shift Technologies: Trying To Transition To A Better Future

Dec. 12, 2022 5:25 PM ETShift Technologies, Inc. (SFTGQ)3 Comments
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  • Shift has downsized significantly in order to bring profitability back into the black.
  • Management is hoping a far superior streamlining process along with more affordable vehicles will increase margins.
  • Risks such as a deep recession and higher interest rates remain to the fore.
  • We await the 20-day moving average to be taken out before further evaluation ($0.29 per share).
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Buy a car concept is shown by man

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It will be interesting if Shift Technologies, Inc. (SFT) (e-commerce used car dealer) can turn things around after its recent transition. With scale (at least in the short term) having been sacrificed for better profitability, it


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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (3)

The merger with CarLotz will bring $120 MM cash to their balance sheet . This should be sufficient to guide them through the first 3 quarters and be profitable this year.. very interesting play indeed.
Steve Stauning profile picture
"If carbon taxes and the like gain traction in forthcoming years..." Curious how you think anything that far into the future will impact Shift? I suspect they will be bankrupt long before carbon taxes gain traction.
share price action has been impressive in what sense? it lost 10% today
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