RE:Upwards and Onwardspennypound wrote: It's difficult to deal with such a sharp drawdown, when we (N longs), have all been flying high recently. But, when you look back and realize that we were at these levels so recently (Dec 20), the story is still very compelling and constructive. Remeber the days when the price would increase by a dollar in one day? Euphoria. It is only natural that it experienced a similar spurt on the downside. That said, let's take a second to regroup, and re-examine why we love this stock in the first place:
- Industry Interconnectedness: At the moment, Namaste is the single thread that flows through the entire industry. With so many disparate partnerships, they are so deeply embedded in the marijuana ecosystem, they are approaching a systemic layer of importance.
- LP agnosticism: We do not ultimately care what happens to the LPs; we are agnostic to them as they are simply modular pieces that we can plug in to bring MJ product to market. The LPs are essentially commodities, and Namaste adds the value further down the value chain.
- E-commerce expertise: Not only does Namaste have the massive marijuana industry as a tailwind for growth, but they are also an E-commerce leader, leveraging advanced technology to increase traffic, conversions, etc. This is a technology company, lest we forget!
- Customer / client aggregator: The most important thing for any company, specifically E-commerce players, is its ability to aggregate and delight customers. Namaste already has the largest database of users, and is adding more global users daily. This is where the real value accrues: who 'owns' the cutomer, who has the relationship with them? That is Namaste. This is quite simply the most important consideration, and is worth the most in $ terms. As a bonus, Sean seems to have an appreciation of this fact: he mentioned in a recent video: "Who is the biggest transport company? Uber. Who is the biggest real estate company? AirBnb". These companies stand in the middle of suppliers and consumers and accrue all the value. Namaste will be the biggest weed company.
Of course, you can see I'm a Namaste lover, and a shameless long, so dispell me as a pumper if you wish. I'm just putting my thoughts into words to a) help organize my thoughts in these times, and b) hopefully help others do the same. I'm a large holder (>200k shares), in at a very low price (<$0.25), and have never sold a share. Obviously I can say I should have sold some at the top, but looking back, I simply did not want to. I always imagined I would be holding Namaste for years, so my thesis did not change. Maybe we went up too fast, so tactically could have traded it, but the biggest gains goes to those believers who simply hold valuable companies for long periods of time. To me, a leading E-commerce company with strong technology that aggregates users and suppliers on both sides (a la AirBnb, Uber) is something special, and something I'm banking on to reach a multi billion dollar valuation. If you see any reason why the above is false, I'd truly love to have a dialogue and learn why.
Thanks and best of luck!
Beautifully said. I think all longs share a very similar view.