RE:RE:Molson Coors May Be the Only Thing Propping Up HEXO Stocksilkroad007 wrote: Title doesn't even match the article. It was a favourable article for HEXO indicating Molson coors is a "floor" for mitigating the downside. Article even goes on to suggest 525MM in annual sales and that amounst to just 2.2x multiple on sales. Which is compared to industry average around 13x.
Age of misinformation - not to mention an agressive article printed by the "friendly bear" which is boarderline slander. Not sure how this rag hasn't been sued off the planet for slander by now but im sure they have weasel words such as "opinion" etc to excape that.
Any people can write anything and people will believe it. This is very simplistic the way he calculated the HEXO part of the market in 2024. Then he says Hexo will miss its target at the end of 2020. There are 5 quarters remaining and let see at the next one to have a better idea if they can deliver on their governance. At least, we will have a better idea. I am wondering why these journalists are not already millionnaires, their crystal balls are not accurate enough.
There are too many unknow if we take into consideration the recreative, the medical, the edibles, cosmetic, the US once the legalisation is done at the Fed level, the EU market and if Hexo is not taken over later. I don't take seriously these crystal ball readers but I follow the companies I own closely. If I don't like what I see, I sell and I move on, but I would never based my decisions on these pseudo-expert articles .