RE:RE:OGI "Mighty Mouse" of Cannabis Spacei decided to look at cannabis companies from a slight different view going forward. While others use terms like overvalued, price estimates or earnings forecasts. All just one mans opinoin, right. I'll focus on actual numbers that can hurt a company like Total Liabilities. Just stop and think about that. Anyone can say that XYZ Company is undervaled, with the best price estimates and earnings forecast in the world but if that companies Total Liabilites is greater than their Equity then all future growth is going to pay off their liabilities. Which could be the reason for them being undervalued in the market, not good! Who wants a sinking ship?
There is usually good reason why a company may seem overvalued, just like their is usually a bad reason when a company seems undervalued. I would rather be invested in a company that some might think is overvalued with No Long Term Liabilities like OGI than an undervalued company that won't be able to get out of debt any time soon.
All IMO, Always DYODD, GLTA!