GREY:CHALF - Post by User
Comment by
ryang999on Mar 13, 2017 7:26pm
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Post# 25974104
RE:Definitely a frustrating hold
RE:Definitely a frustrating holdOregon is the problem, not Washington. If the Oregon sales revenue improves, the share price will go up with or without Washington. The company is chasing a few rabbits running in different directions at the same time. I'd say, let's get the house in order, get the license, start producing by the company itself, pove that the sales is improving so is its margin, and lay out its strategic plan and update investors regularly, the market will respond positively.
BarstoolSage wrote: So I am out again. Despite solid revenue numbers out of Washington, this just does not respond like the others. I had expected a bit of a rebound with the rest of the sector and also due to good Washington numbers, but for whatever reason (and we all can cite our favourites), this stock does not want to play nice.
So back to monitoring on the sidelines, and a wait and see. Do believe that if and when they get this monkey of their backs, that this will do well. It is still a recMJ play, so IMO will be a price taker for its green and oils, but I did (probably still) think it had(has) a good chance to be a market leader in those sectors.
Still---glta---