RE:Food for thoughtThat makes complete sense. Thanks for the words of encouragement. Good luck all.
55orbust wrote:
I know most longs don't want to hear this but the timing of this, dare I say it........correction, could not have been any better. Canopy gets 5 Billion dollars in their account and almost immediately everything is 40% off. I know the drop in price has been dramatic and I'm sure some people are hurting right now but think of how much more the $5 Billion is actually worth today than it would have been without this correction.
For instance, Canopy could buy Aphria at their full market cap today and still have $2.1 Billion dollars left over whereas a few weeks ago Canopy would have $0 left over. I dont want Canopy to buy Aphria or any other Canadian LP, I was just using this as an example. Just imagine if Canopy pulls off some timely aquisitions during this soft market, then think about how much stronger and faster the share price will appreciate as future Q financials are released. Hard to find a positive in this pull back but the purchasing power of the $5 Billion is a good place to start.
Stay long, stay strong