RE:RE:69+ % upside from herequinlash wrote: quinlash wrote: I checked the price to book value and it's around .35 at the moment. In order to be trading at book value this ratio needs to be 1. This indicates more than 60% upside on this title.
If I were to pull up the PB Ratio on other cannabis stocks that get more media coverage we could be targeting greater upside if we are to view those ratios as plausible.
Volume has dropped off, this may be an indicator that current investors are simply not willing to sell or short the stock at these levels.
Looking forward to hearing more about the acquisition target TLRY eluded to. Expecting this new company will position the company well for US sales / entery (depending on how they go about things)
JMHO/GLTA
Minor correction. I stated Price to Book Value when I meant to say Price to Book RATIO.
To get value from ratio just subtract ratio number from 1. Take the result and add 1 to that and multiply by current shareprice
Example: with ratio of .35
1 - .35 = .65
1 + .65 = 1.65
$2.40 CDN * 1.65 = $3.96 CDN
To use a higher ratio than 1 you just add the extra ratio to step #2. I believe CURA is at 5 or 6 (haven't looked this week)
The Price to Book RATIO I used was taken from the Quote Menu item in the stockhouse main menu.
If you disagree with the ratio number then you can take it up with Stockhouse Admin.
Others sources that can be used are Fintel, MarketBeat and even from within your own trading account assuming your broker provides basic fundamental data.
All the Best
Q