RE:Analyst Reports Quick Notes Fwiw, in my experience the analysts are doing the best they can, but with so many moving parts and with the overall picture evolving every day, i don't envy them for having to stand by their projections. You could also take into account Morningstars' "Fair Value" of 23.87. "Taking the Constellation deal into account" is nigh on impossible to value accurately at this point, but it's evident that the market believes it will bear fruit in the years to come. As per institutional holdings, we really don't know what they are, as they aren't required to report until they've reached x threshold (somebody help me out here), and i don't believe using their holdings as an indicator is wise, or i'd never have invested back in the day. A 50-70% gain is crazy, agreed, (loving it), and i was genuinely hoping we'd see a bigger dip to accumulate. Whether or not that happens is an unfolding story, but todays' daily chart looked like abbreviated consolidation to me. Essential disclosure, i consider myself to be a "long" long, but i am sitting on cash right now that i'm eager to unleash ;) GLTA
SilverStock wrote: - some notes out of the Canacord, Cormarks securities and Altacorp recent analyst reports
* all 3 firms raised their price target on WEED with an average price between the 3 now at $16.6 important to note that all 3 of these targets were raised after the constellation deal. so they are taking into account the potential of that partnership.
* 5.5x Profit/Book
* Biggest shareholders: Constellation (9.9%), Manulife Asset Managment (2.03%), Bruce Linton( 1.5%), Fidelity Institutional (1.02%), Goldman Holdings (1%), Horizons (0.75%)
* All 3 analysts made positive comments on the potential the constellation deal could bring to the company
* relatively small instituitional holdings at only 11% (may not include constellation yet so could be 21% as of now) meaning that retail investors do hold a large percentage of this company.
* estimated increasing revenues quarter over quarter through 2020
I personally think long term that canopy is a winner. However when a company goes up between 50%-70% in a single trading week its a little ridiculous.
What do you guys think? I am long in an RRSP average 8$ and have been swing trading long and short in my margin account recently. currently waiting to see how this earnings report plays out before I get back in.