TSX:HEXO.W.A - Post by User
Post by
quinlashon May 12, 2021 2:59pm
133 Views
Post# 33184360
Shareprice vs. Value
Shareprice vs. ValueShareprice has performed well in all of 2020 with it still trending over twice it's value from back in 2020 when HEXO had little choice but to consolidate the shares in order to maintain their NYSE listing requirements. If we compare the SP to the value provided to investors based on the dollar amount of sales we can see that HEXO trades at a deep discount to it's peers in the industry.
Yes, the shareprice pulled back today while the rest of the sector did exactly the same thing so this is not a big surprise. The pullback on the price of HEXO shares leaves the stockprice exactly where it has been trending in all of 2021... deeply discounted to comparible companies.
Volume is low, IMHO it shows little panic within current HEXO shareholders despite some folks on stock forums doing their best to try and instill a sense of dreed or dispair.
Personally I am looking forward to hearing more about HEXO's expansion plans into the United States as well as any additional M&A deals pending. I am also expecting the Zenabis vote to go in favor for HEXO and, ironically, the joining of the two companies resulting in an even more deeply discounted shareprice of the larger organization
Long on HEXO
Q