RE:The potential Tilray takeover of Hexo CorpThe comment on the Tilray takeover bid was more or less there to illustrate the upside considerations of the consolidation rather than just seeing continual posts about looking at the SP in pre-consolidation terms. For every negative there is a positive and vise-versa, it is the responsibility of the investor / trader to look at both. Currently the forum is dominated by one or two users who noted that they are trading short positions therefore their negative comments are here to support their attempt to buy back their position at the lowest possible price... it's called "Talking Your Book".
I would encourage everyone to learn as much as they can about how stock values are calculated. Stocks are often termed as "under" or "over" valued. Knowing when a stock is under-valued is just as important as knowing when it is over-valued. Currently I am viewing the shares as grossly under-valued however I will be updating my view as soon as the QTR report is out and more data is available. I am expecting a favorable move on sales (gross + net), expenses will be interesting as I believer most of the write-downs are addressed and seeing little in terms of new expenses (there are some in terms of new-product introductions etc)
Share prices / evaluations tie back to the number of shares available, as HEXO now has the lowest sharecount in the Top Teir 1 group the future projections are being adjusted upward. I have been monitoring a few of the sites I like / trust (as much as I trust anything on the WWW) and these sites appear to have taken much longer than I expected to revise their targets however the targets have a commen theme... they are higher than current levels.
As always DYODD / GLTA
Q
- Long on HEXO