Post by
quinlash on Jun 11, 2024 4:22pm
69+ % upside from here
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
Comment by
quinlash on Jun 12, 2024 1:01am
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
Comment by
quinlash on Jun 12, 2024 9:44am
Let's not mock those who sold short or exited a long position below the basic book value of the shares. Maybe they never researched and didn't know better, that may be because they didn't take the time to work of the number. It's why research is so important vs relying on the contents of a forum