GREY:CHALF - Post by User
Comment by
daveinvestoron Sep 13, 2018 10:00am
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Post# 28611371
RE:Toronto star article about overvalued...
RE:Toronto star article about overvalued...OGmiguelle wrote:
here's a snippet of it...Tilray Inc., a marijuana company valued at nearly $9 billion, currently trades at a price-to-sales ratio of about 124. Thats more than 25 times higher than Amazon Inc. and Apple Inc., the two most valuable companies in the S&P 500. And Canopy Growth Corp.s $11 billion-plus market value is on par with Barrick Gold Corp.s, even though the mining firm, with 18,000 workers, is expected to post 20 times the sales this year as the 1,000-employee cannabis company
Institutions have gone over to the giants in droves. Very very unbalanced stupid pot portfolios. Not sure why shorters like GLH so much, as the real juicy short targets are the likes of WEED. No way that company is worth 70 dollars per share or 15 - 16 billion dollars. Caution to everyone though as I feel a market correction is coming which unfortunately will affect all pot stocks. Be careful.
I still think GLH is way undervalued and am still in their corner, but this sector correction looms.
Good Luck Longs!