RE:RE:RE:RE:RE:RE:RE:RE:RE:This sector is just nuts!
What you're saying re: buying price, of course, all fair. Entry price is everything. And yes, easy money has been made in the sense that for the past few years, you could put chips on any horse and come out smelling like roses. Everything was going up. What I'm saying is that the sector, in general, has bottomed. Certain LPs, by no means all, will resume their share climb. And the climb will be driven by product demand, growth, profit, and from time to time, hype, as there is hype pretty much everywhere. If you accept the bottom perspective, then select low hanging fruit is ripe for picking. Think of it this way: if profits aren't generated by any companies, what happens to the industry? Assuming the industry isn't going away (and there is everything to suggest its continual expansion both in north america and elsewhere), there will eventually be profitable companies. The analogy to tech circa 1990s, early 2000s is good in some ways. And like tech, there will be winners who perform extremely well. Will OGI be one of those winners? Who knows? But compared to its peers, other than not currently having the deep pockets of Cronos or Canopy, OGI has everything else going for it as a tightly run ship focused on long term. It's probably even a bonus for OGI that they haven't yet had a huge cash infusion from a partner. Unlike the drunken sailor named Linton, Hexo's terrible mismanagement, and Aurora over building, etc., etc., OGI's limited but more than sufficient cash may have contributed to their financial discipline.