RE:RE:RE:RE:Selling at a bottom, the ppl that make the rich, richer..@Bluesguy - thanks for a very rational and measured response. I agree with you, except on one thing. If Canopy pulls out of the deal, I do not believe SNN will be done.
I have said this many times and will say it again: California is where the money is at. Not Canada. SNN is late, lethargic, fumbling around, and lost when it comes to Canada. Holler & his cronies should get real, draw the effing line between US and Canada and spin the damn thing out.
Time is of the essence. Their combined buttocks should be on the ground in Cathedral City to get the first crop out asap. Full effing court press.
And Bluesguy, you are doing the smart thing. Don't let the blind pumpers on here get to you. They are bumbling fools/idiots/morons who are puffing away while reading O'Pumper's "let's toke and be dumb" newsletters.
Bluesguy wrote: URLaughable3 wrote: Nah, ur impatience is blinding common sense. Do the comprables, It’s quite obvious this company is incredibly undervalued, and not due to risk. California operation is on cusp of rolling out, de-risked to the point that only a failed crop would prolong the increased revs that come with Cali model.
You go drop your money in Canopy or Tilray.. If you did that recently with ur SNN sale, then your down on that investment too.. its only opportunity cost if you make gains elsewhere.. if you make another wrong entry and miss the boat here, its only a doubke kick in the azz..
@urlaughable3......first off, I never said anything about allocating funds to Canopy or Tilray...those would be the last two I would ever pick. Secondly I also stated that I retained a good chunk of SNN while reallocating funds to two alternate US medical providers (CRZ and IAN). You are right that SNN is undervalued but we've all been hearing that since its gradual fall from $18. What good is that if they can't execute? What I have done is balanced my risk while retaining upside potential IF that ever happens. THAT is common sense. Everything else is just a hope and a prayer...revenue on the horizon yes but at what cost to profitability? Remember they are a wholesaler. And if SNN screws up their deal with Canopy theyre done. It would be one thing if the sp was consolidating or slowly progressing over the last year but it has done nothing but DROP. And mgmt issue a PR saying no material change and seem to shrug it off. You call my actions impatience, I would say it's prudent on my part. You can keep your fingers crossed and hope for the best, I would rather try to mitigate the exposure to a stock that will continue to lag the sector in the short term. As I said I will rotate more money back into SNN when it MAKES SENSE to do so.