RE:'Stay away': Bay Street cautious on pot stocks as legalizatiAgreed Trans and remember with Bloomberg involved they can't be to happy with all of interest and investment in CA MJ stocks, which is much less the case today and maybe for some time in the US.
With FIRE being undervalued would explain the green finish in the red sea....we will be closing the SP gap with the likes of ACB and WEED as fundamentals drive SP. whether we will ever be on par with them, the gap will be much tighter, JMHO....Opt
theTransporter wrote: What's everyone's thoughts on this "scare" news article released by BNN today?
https://www.bnnbloomberg.ca/stay-away-bay-street-cautious-on-pot-stocks-as-legalization-looms-1.1139354 Possibly one of the reasons for the sell off we saw today?
Seems to me like a bunch of portfolio managers who can't sell people into the resource and energy sectors as they once did trying to divert people's money from pot stocks into the other sectors that may be suffering interest at the moment. What they say may have merit to the overvalued pigs that are out there (i.e. Canopy & Tilray), but they are painting the entire sector with the same brush.