RE:RE:Offtopic: Reply to RonbromleygrossRonbromleygross wrote:
Thank you and great analysis as usual mrmomo.
Np friend. If my commentary helps you in some way or is a valuable source of information in addition to your own, then mission accomplished for the purpose of these boards.
"The LP is Tilray. I got stuck with Tilray from my Aphria shares converted to Tilray at merger. What a mistake. Should have sold at the last bull run early 2021."
Yes you should have, but hindsight is easy to do after the fact. My advice to you is not to dwell upon it too much loinger. Accept it & move on. Nothing you do will change what has already happened. But you can change what takes place for this moment on.
"The retailer is High Tide (Hiti) traded on both the tsx and Nasdaq. Canadas largest " retailer" in the MJ. I like their CEO and their growth plans in the retail side. Less risk than a producer and well managed by the CEO Raj Grover."
High Tide is one of better companies & investment in this sector. I have it in my top 5 for any possible investment in Cannabis. So you did very well to at least target some of the better positioned & financialy stable outfits. Unfortunately, in this sector massacre that has lasted for at least 3 years now, EVERYTHING gets destroyed on the way down. Big or small, good or bad is of no consequence, all is demolished.
"I saw your posts regarding Canopy and it's doomsday coming up and agreed with your great posts there and was hoping if you could provide your great opinions on these 2 stocks of mine presently that would be awesome."
In general for both Tilray & HighT, the bleeding will stop once the hot & huge institutional money which left in 2018-2019 comes back. Now, that could be for some time, maybe another year or two OR until legislation changes in their favor with country wide legalization of cannabis use in the US. But rest assured, those in the know, or the hot insitutional money will be back BEFORE the general public is aware of any move to pass legalization.
As for each individual company. with respect to HighT, though a good company with solid footing you need to look at whether they can weather the storm for at least another year to take advantage when laws are really changed. So this would include any opportunity cost associated with it by reamaining invested here. Tough call for sure.
For Tilray, it's a different story. One of the larger Lp's but definitely not one of the best overall and very on unstable footing financially. There's only one company more indebted than them, Canopy. But Tilray does have size and brand recognition they could use to muscle their way to the top. Question is, can they manage & steer the company in the right direction and wait it out before financial problems & liquidity issues arise? Again here, there's an opportunity cost to consider as well, a much bigger for sure. My guess is that Tilray will have to implement ONE more re-organiztion & restructuring of their debt before ANY recovery could take place with them. So this means added diltution in the forseeable future, probably late 2022 or 2023. I personally wouldn't risk it but to each his own.
"One final question and I promise no more. Won't bother you here on this forum again"
It's never a bother for me. But i hope i helped in some fashion to make your decisions easier going forward. Good luck to you.
GLTA