RE:RE:RE:Just a thought!LOL I live in a million dollar house on KOOTENAY lake in BC> never would I buy this stock with a price to sales of 233. Sry bud there is far better plays in the market then buying this stock at NEGATIVE earnings and P/S of 233
Canopy needs 3.5 BILLION in sales to justify its share price. it has taken them 3 years to have sales of 60 million in sales . 3.5 billion in sales is not coming for twenty years BRO at least.
Right now I have 20 long future contracts open in Platinum= because that is where the SMART money is. I am also long in Patriot on etechnologies with 111 791 shares I bought at .802 cents.
canopy has a price to sales of 233 Amazon Apple microsoft have price to sales of like 4 or 5. Most great companies trade at a price to sales of 4. Canopy needs 3.5 billion in sales to have a price to sales of 4.
Three years to reach 60 million in sales. Ho wmany years to will it take them to reach 3.5 BILLION in sales. I am not even talking about EARNINGS im talking about SALES. Ten plus years before Canopy even reaches a billion in sales.
YOU GUYS are wacked on fundamentals.
Belltech1275 wrote: Glad you did not buy any shares Yodalay, in five years you will still be in your parents basement watching reruns of the Simpsons.