Auxly Cannabis Group Inc T.XLY

Raymond James analyst Rahul Sarugaser

[stocksecurity88]

This is the same anaylst who told us Auxly was a buy back in June. He discredited himself and he should stop covering the company. 

https://www.google.ca/amp/s/www.cantechletter.com/2020/06/nows-a-good-time-to-buy-auxly-cannabis-says-raymond-james/amp/

[wewood]

This analyst clearly has no idea what he is talking about.

[wallstreetwizrd]

Read this in the globe & mail, the market didn't listen to him when he was bullish on xly but they will probably listen to him being bearish. This market makes no sense.

[stocksecurity88]

The market won't listen to him at all. He's bearish on a stock that has traded more than 30 million in volume in the last month with a return of 200%. Didn't know that was a bearish signal 

[NSPfacts]

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[EbbFlow88]

Maybe so, but the company does have a value associated with it and he believes it to be $0.40 where the stock is trading now. There are headwinds here with liquidity. That story hasn't changed. As I said after Q2, they need sales to ramp up big time in Q3 and Q4, which the analyst believes to not be the case.

[UniqueKitty]

Saguraser 'estimates' a 12% increase in revenue for Auxly Q3-2020 over Q2 based on sales forecasts and a 0.2% decline in market share of a market which grew by 25% through Q3. His analysis does not mention the introduction of Robinsons Brand or the release of Lotus Kalifornia which should  factor into Q3 nor does he mention the processing of Vapes for Dosist. He maintains a $0.40

[Pencilpush]

Are you at all worried this is being held up just for this set off conversion then they will back off the pressure to keep it up? Don't know what really to make of this penny back and forth movement last couple days seems like she's just holding on. 

[EbbFlow88]

I wasn't mocking you. You were inferring that I was agreeing with you that IB would defer their debt payments.  "Info on dates asside, what you have both said is Auxly's payments to IB have effectively been deferred at this time." Nowhere did it say that in IB's annual report which is misleading information and wrong.

[UniqueKitty]

EbbFlow88, Listen mate. You 'lol'ed. Dismissed the info I provided. Then proceeded to wank on about Auxly's perceived liquidity issues.  Auxly is running on a razor thin budget. We all know that. It's a thing of beauty. They're making it work and making tough decisions on the Path to Profitability to make it happen without having to issue hundreds of millions of more

[BushWeedUp100]

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