GREY:CNTTQ - Post by User
Post by
BIBI123on Dec 05, 2018 4:41am
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Post# 29066492
It's hard to hold but I am so certain
It's hard to hold but I am so certainThat we'll be rewarded, no doubt. Canntrust represents 12% of my portfolio. Yesterday, the price closed just below my average but who cares, even if we drop to low 6s. I have time and I have other holdings and cash as well that I can invest in the meantime and make money. I hope we're gonna make 70-80m in earnings until the end of 2019 because that alone, with a PE of 10 would justify our current price. No way in hell that we're gonna have a PE of 10 especially in this kind of booming industry, even if there is a global growth slowdown or even a recession, people will buy cannabis no matter what times are ahead of us. With 70-80m in earnings and a PE of at least 20x, we'll be looking conservatively at $15/share. No way that I am selling it before that. We could see PE of 40+ btw, if investors are comfortable enough. Dont't forget, if you don't sell, these are just paper losses. Cheers