Post by
Pedal2themetal7 on Oct 25, 2019 1:10am
Same revenue as Aphria
I've been a student of the likes of Warren Buffett and Peter Lynch for many years, and people on this board who state that Buffett wouldn't look at this company obviously haven't read or understand his literature.
I admit that I became irrate and frustrated with this company but I now understand it was my lack of knowledge with the indutry and not the company's approach. I still don't feel great about the penny stock status, but now that I believe they are selling the product being produced, and have followed the right path in order to achive their goals, I will sit back and hopefully watch this gem unfold. All the majors are presently dealing with major issues contreversial in nature which is affecting the market as a whole. Those companies have to undo their mistakes and start all over again which gives Supreme many years ahead of anyone with the premium product. While the other companies are dealing with their messes, Supreme can concentrate on growing and establishing itself as one of the best companies in the industry.
IMHO this company will be a growth stock, meaning it will take time to achive financial goals, but I believe it will compensate shareholders for many years to come. Anything can happen, it's still a penny stock, but a penny stock hoping to generate 150 million in 2020, and if everything goes according to plan, double that amount for 2021. Earnings/profit will dictate SP, I believe 2.50 to 3.50 is achievable in 2020, and from there steady growth if they remain laser focus with their business plan. Patience will be key IMHO
Comment by
aranicer on Oct 25, 2019 4:19am
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