Aurora Cannabis Inc T.ACB

Aurora downgraded by BMO citing ‘out-of-line’ valuation

[charliebitmyfin]

great, just great

Arguing the stocks valuation is now out of line with fundamentals, BMO Capital Markets has downgraded Aurora Cannabis (ACB) to underperform from market perform.Raising his price target to C$9 from C$7, the analyst, Tamy Chen, however, expresses his surprise over Wall Streets aggressive forecasts for the company.The stock has already lost ~62.4% in value during the year,and the companyrecently announced it was laying off 200 employees amid plans to cut a quarter of the production capacity at its flagship Aurora Sky facility

[Matteo1234]

What a sheot show. Its totally transparent now. Everytime the mj sector rallies all these downgrades and announcement of shutdowns hit the media. These shorts have influence. stay in thefight@staystrong

[oilcan2012]

The only way that Aurora will garner success is by getting their balance sheet normalized. The write off of ~$3 billion of shareholders $$ was not the end of their process as we are seeing with the disposition of RE/redundant assets. The pain is not over. 

[Matteo1234]

the write down of $3 Billion is already baked in the stock. Of course they overpaid for assets(goodwill) but this is already baked in the cake. Mkt cap was over $8 billion , now $2 billion. Thats $6 billion of shareholder equity destroyed. Take the red pill bruh. open your eyes to the matrix. Analysts are working for banks with massive short positions. Hence the timing of the releases when mj

[CLSHboss]

This post has been removed in accordance with Community Policy

[Matteo1234]

Is Tesla making money. Did Amazon make money for 20 years. This is a natural progression of a young growth biz. Your answer is too immature. Greenhorn

[Matteo1234]

Stop pumping garbage penny stocks that are going to zero.