RE:2008 vs 2020 RECESSIONProbably not, probably not even going into a recession... sales growth in the markets are receding but haven't gone negative yet. The ps, pe, PBS ratios arent anywhere near 2007 levels, in fact we're only marginally above the average values. The cannabis companies arent really effected by trade war and growth will vastly outperform the market. IMO what's holding the US MSOs back right now are the DOJ reviews of the big acquisitions. These companies can only achieve their future guidance revenue if they close those acquisitions and so there is uncertainty embedded in the investors right now.
MoonBuyer wrote:
I hope this upcoming recession is not as bad as it was in 2007/2008! Right now it's not looking good. Banks and smart money took their money out of stocks a long time ago and soon we're going to have negative interest rates! :*(