Post by
AfroSamurai on Oct 14, 2020 11:21pm
I'm not sure why of you know what you're talking about
I invite you all to give some input on this and I would love to hear counter arguments. I have been invested in these guys for just under a year now. I'm down about 2500 let's say and im not too too worried. The positive: go to Google maps and look at the reviews for the Choom stores. Solid reviews and performance around all the stores. Look at their reduced spending. People are complaining about the advertisements Choom is putting out as an unnecessary cost and not addressing other aspects. Im in the tech industry. Do you know how cheap it is for them to make these ads? I can't imagine more than 2k per ad. They kept stores closed because there was no benefit keeping them open during this pandemic. Anyone that has issues with this doesn't seem to understand this was the right choice. The stores are closed and they aren't paying staff, only rent, reducing costs. They own the space and are waiting. They may be taking a loss because of the rent but it is minimal if you consider staff and operating costs. Competitors. I've looked at the retail market extensively in Canada. Right now there are really only two front runners. FAF and CHOOM. Go look at the reviews for the other chains, all of them. Bad customer service. Bad product. Bad location. Inner spirit holdings are the only ones close IMO but their brand isn't really an that special. I imagine they get bought out sooner than later. The negatives: lack of visibility. Yes, I agree this is an issue. They are either hiding something or waiting to show how well they did all at once for a boost. Given what we have seen across the board in the brick and mortar cannabis market here, it's all gains. So I'm guessing they have some great numbers coming the publishing of their results. They are not over spending on ads or useless things. They are not leveraging the phivida deal because it has no value ATM, you will see it leveraged post election with the results of cannabis regulation. I'm fairly new to investing. I have large positions in Choom and FAF. I had in Aurora too but we all know how that went. The one thing I knew when I invested was that this was risky and a roll of the dice. If you're not new to investing and are complaining about this stock then maybe you should re-evaluate your choices. If you're new and nervous, sell at a loss and buy FAF, you will make your money back. If you're new and holding, like me, we have a great opportunity for some phenomenal gains. Be patient. Afro
Comment by
BushweedJA on Oct 15, 2020 12:33am
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