A closer look at APHAThe last 3 days have been brutal on APHA share price, and like everyone else on this board, I can’t rationalize the beatings we are getting in comparison with other LPs (i.e., OGI recovered nicely from Monday’s bloodbath; ACB also recovered the very next day after announcing a $700M shelf prospectus, VFF bounced back today from yesterday’s Citron’s allegations).
I own these stocks ticks as well but APHA is my biggest holdings as it has the best fundamentals (low float, a big win in Germany’s footprint, increasing production capacity, continued improvement in governance, etc). So, why do we continue to lag in the space and get punished more severely by the market? I have absolutely no doubt that the sp will bounce back but it is difficult to go through the turmoil of price recovery.
My take is that today’s sell off had something to do with GGB getting rid of their APHA shares as it’s attempted take over bid finally end on April 25. I’m not sure if GGB has to pay penalty for the unsuccessful take over bid, and if they had to then, it makes sense that the sell off is led by GGB trying to raise cash to pay the penalty.
The market seems to have a negative view of APHA so any little bit of misstep are always blown out of proportion. As a long APHA holder, I am very disappointed with the stocks performance in relation to its peers but I truly believe that our time will come, APHA will bounce back and it might be as soon as Apr 25 when a strategic partnership might be finally announced now that GGB’s offer is out of the way.
GLTA!!!