Importance of the OCS stock levels…Looks like the OCS has stocked up again with 7Acres products. The reason I keep bringing this up, and why I am keeping a close eye on the OCS is because the last time 7Acres sold out it took the OCS months to order more in. This time around they sold out in 5 days, and stocked back up within a day. This is good a business trend and starting to show the management teams that, Quality, even at a higher price, can and will make profits and sell quantities.
My main focus right now as a long term investor is to put away what I saw in the last 3-4 years on the stock markets and start thinking about business fundamentals. We didn't get the hype other companies did, it's the way it goes on the speculative markets. But we are going to get the hype going forward, maybe not as big, but it'll be hype in a sea of earnings chaos. Personally I'm very happy to see that Supreme is focused on sales and growing quality before anything else. They need to make sure they can move what they grow, and not spend all that effort growing and turning into oils. That’s like a strawberry farmer spending the time and effort to grow beautiful, big, ripe, organic strawberries and then having to turn them into Jam so he can get rid of it all before they start going bad. Luckily, our jam sells for $50+ a jar lol.
Keep in mind the amount of education on the job needed in this very new industry. Up until now every manager in charge of ordering products in for the provinces, has focused on stocking the shelves by any means necessary. Took months before they realized that’s not how it works and that they are holding products that just won’t sell. Takes time, but they are learning from the looks of it.
So yes, we longs on here are toting the “be patient” card on the stock board, but we do it because if you’re a long term investor you need to understand that this is actually one of the few safe tickers you can throw your money into. If you care about the up and down, use a portion of your holding to day trade (I do) and make some money on the side. But if you’ve looked at earnings this last quarter and are at a loss over all the damn losses and are starting to think wtf is this going to look like going forward, with shitty products in the pipeline and management that cares only about hyping up their stocks. Then you need to be on the Supreme team, and just sit back and relax a little. The same fundamentals that worked on the black market will work here for Supreme, Quality of product! that translates over to the legal side as a qualit business plan, and quarterly earnings!
Check out this twitter post just sent out by John, you'll see what I am saying here isn't far from what is being thrown back at the company. Goes far in my books
https://twitter.com/john_fowler_jd/status/1113491755234500608