Gambler's mentalityWhen i buy a stock, i look at what i am paying versus what i am getting.
For all of my lumber stocks, i am paying a very low price for what's on their balance sheets
and these balance sheets are getting stonger by the days.
This morning, i was looking at the reported earnings of Cronos(a pot cie)
For 2020 (in US$) ,sales were 46.7m and EBITDA was negative 147.3m
What's most amazing is that Cronos has a market cap of 4.9 billion while
Canfor has a market cap. of 3.2 billion
Yes,some pot stocks will make it one day but for now,i would much prefer owning
a company like Canfor who is on track to make anywhere from 800 million to more than
a billion in profit in 2021 than on a casino stock.
To each is own