RE:Checked Yahoo Financestocktradinguru wrote: For earnings estimates---low is $67 and high of $105 million aprox...
I have no clue what the earnings will be, but it seems they will not be close to APHA's $159 million for the quarter.
Now Weed moves in another direction---which likely means they cannot make the desired sales and earning growth on the current blue print.
Earnings announced on August 10th.
There could be a "sh-t strom" if earnings are low---like $69 million for the quarter.
I don't own any Canopy at this time, because in my view, this stock is way overvalued and has too much debt.
Aphria is a better buy!!!
Lets see what happens..
Aphria cannabis revenue was 53.1 m .
Aphria has many positives but they still have alot of work to do.
APH inventory is balooning . 7 quarters of inventory in their warehouse and no slowdown in production . Half billion writedown is possible if keep production at this rate.
Trim writedown coming as well. . 25 cents for trim. Last quarter was 2.11
They were also in breach of its debt service ratio loan. Luckily they got a waiver until the end of the year or it
could have resulted in a sudden loan call back, this can still happen if they dont meet this covenent . ATM program they setup can cause dilution for shareholders. 100,000,000 shares.
Hopefully Canopy and Aphria will do well . They need to work through some issues but both have many positives to focus on . Imo Canopy exposure statessideCBD ,Future and existing partnetships puts Canopy Ceiling much higher.