RE:Help me understand Nessrookie wrote: I know this is an OIl board But I will get a real answer here
CGC. Current market cap is almost $600 million.
Last year earnings were $3.2 million loss
its net assets are worth $60 million So it's trading 10x it's book value today
If they produced a profit of $3 million this next year for arguement sakes. It would be $0.03 share based on 100 million shares
So at $5.60 close that is 130x eps
Sorry i I don't understand growth stocks here. But eventually you go to a normal PE Ration don't you Is 30x eps reasonable?
So by my calculations To get it down to 30x earning. They eventually need profits of $20 million. And that's much higher based on everyone saying this stock going to $10, $15, $20
just having a hard time with numbers here. Someone help
Its speculation on the potential size of the industry that could grown from marijuana.