GREY:RNKLF - Post by User
Post by
RobertPloufeon Oct 15, 2018 9:45pm
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Post# 28806852
Geodan article.
Geodan article.Is it me or I dont understand that part? that is not how pe ratio work.. no?
"If RNC achieves that it would be likely the fastest growing and highest profit margin company on the market, a 25 P/E would be cheap, that would not require any mania like the overvaluation we have today in overpriced Cannabis stocks. Easy math, $500 million in profits x 25 P/E = $12.5 Billion market cap divided by lets say 400 million shares = $31 a share for RNKLF."