GREY:MRRCF - Post by User
Post by
scottyBoy8on Nov 09, 2018 6:25pm
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Post# 28953545
Real question
Real questionThe real question is when the big three are unable to justify their valuations will they drag the sector down with it? I use to think we would be able to move up on our own regardless if canopy or aurora dip but now it seems they just drag the entire sector down with them
I find it very hard to justify a 22 billion price for canopy and a 11 billion for aurora everytime they release financials they dip
I'm just not seeing either of those companies make a billion dollars in 2019 to justify a 10x or 20x multiple valuation
Meanwhile we're positioned to make 160 million in 2019 and are only valued slightly higher than our next fisical year earnings
Money talks and when wayl get weighed it will more than justify it's valuation
It's just rare that you see days when we break out green and canopy or aurora are red .....
We only seems to have green days when the sector is also having green days
Even today back to back NR and we're still at 1.50 and can't seem to break through the massive walls put infront of us at 1.60 ... we're going to need massive volume to break through that wall