Stockchase Opinions

Jim Cramer - Mad Money TPG Pace Beneficial Finance Corp. TPGY-Q BUY ON WEAKNESS Feb 26, 2021

This and EV stocks have come down as the market is being unkind to all SPACS, but he likes this one. He's recommended this before.
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BUY
As more EVs are made, more EV charging stations will be needed, and he expects the Democrats to offer generous subsidies or tax credits. They will join forces with EVBox to become one of three EV-charging stocks. Has enjoyed an enormous run, though has pulled back from $33 to $24 in the past month, though 6 weeks ago it was at $10. EVBox is a 10-year-old Dutch company with 90,000 charge ports in 70 countries. They started in Europe where they're now market leader and are now expanding into North America. Managers have a lot of software services experience. TPGY is an offshoot of TPG, a superb private equity titan. Managers forecast 72% sales growth in 2021 and break even by 2023. Trades at a reasonable, less than 7x 2023 sales.
COMMENT
No more blank-check companies. The world has changed, ever since the Fed last week changed its tune. He liked these kinds of companies before, but he learned his mistake.