RE:ENTG Launches Unique Cannabis Marketplace 'Syndicate'Wrywisdom wrote:
https://stockhouse.com/news/press-releases/2022/09/27/entourage-launches-unique-medical-cannabis-marketplace-syndicate-offering
Anyone blindly focusing on a current stock price rather than fundamentals, initiatives and future outlook will be left out. The value of any company lies in what a given entity will pay for it down the road, not ephemeral equity prices that are the result of what market manipulators are doing to a sector at any given point in time.
All cannabis stocks virtually without exception are dramatically off their highs by big margins, but that will change. No doubt, some companies will die out and some will grow and strengthen as ENTG has been doing on a regular basis, but the overall sector will gain favour once again when the rotating wheel of the manipulators spins once again.
It was just a couple of years ago for example, that oil and gas stocks were in the same place, and now so many are currently up 3-6,000%, but that will change also.
Conversely, there are countless overpriced high profile company stocks where investors have sunk bottomless sums of money precipitating a ridiculous paper over-valuation where no investment consortium can, or would be interested to purchase the actual company, rendering the stock in a way, worthless.
What indeed are the values of companies so overpriced that they can't be sold compared to an obscenely undervalued company such as ENTG with so much on the go, and successful in a broad tapestry of areas while building more value and implementing new ideas and establishing new liasons on a regular basis?
Patience and avoiding any mindless fear mongering will pay off handsomely. Again, all should refer to the fundamentals, facts, accomplishments and solid capitalization comfortably in place. I suggest adding more shares at these prices whenever one can.
You need to start taking your meds