CannaRoyalty Corp C.CRZ

Don't get it

[lilbugger]

I can never forecast the market.  Saw the earnings news release and thought WOW $0.18 per share for 3 months. Multiply by 4 and you get say $0.80 annually at 10 times earnings is about $8 a share.  Conservatively.  Kept reading and in August CRZ sold their interest in Anandia for a $90 millon profit or close to $2 a share.  Add that to the $8 and thats about $10 per share.  Market opens higher then drops to $5. Market seems to do the opposite of what I think is logical.  Am I missing something here that is worth a $5 discount?

GLTA

[CredibleSource]

I’m in the same boat with the same math. I don’t understand what’s up neither. 

[Benedictus]

you should reread the NR. crz's anandia holdings were not worth $90M. also, the market will not apply one time quarterly earning events to extrapolate a P/E. the earnings were excellent at this early stage, as we all know the revenue ramp is just beginning, any pullbacks toward the 200 MA are simply an opportunity to keep adding imo . Looking forward to hearing the recorded conf call and

[Nastysasky]

the .18 was a result of the sale of the shares in Anadia. Without the onetime gain from the sale, CRZ would have lost just over $6 million this Q or -.12cents a share.  the forcast was good, but based on today's numbers & valuation, the stock should not go up especially after its latest runup into earnings. Remember CRZ also operates in a jurisdication where it is federally ILLEGAL

[Benedictus]

the "federally illegal" part of your argument is the only reason crz is not at a minimum of 1B valuation. crz would not be buying its own stock at these prices if they did not believe this is a true value stock in a crazy growth sector. Look at how shrewdly they've timed recent purchase and sales of  passive investments returning upwards of  200 - 400%. They have a massive

[Cannabis1]

The market doesn't always make sense but eventually they get it right...