Welcome to the Clown Car fail in all its glory.
They were asked to respond to reasonable questions and offer any well-reasoned rebuttle. But as EVERYONE can see here, they are just not capable of that. Hollow to the core. Instead however, they have time to through insults in a lame attempt to divert.
It's NOT working Clowns. Again, lets see you muster up an intelligent response. If not, you only further clarify you have nothing to offer whatsoever. Just scroll down tot he highlghted area. The questions are right there and waiting for your "wisdom". ;)
Starsearcher80 wrote: Over the years, I've bought, or sold, this stock any number of times. I post the reasons why I make that decision. While the Clowns never complained about when I bought, they of course take exception to when I sell. But exception to what? That I sold? Or that I provided viable reasons why the sell was the right move. Clearly it's the latter.
And this is where the Clown car is limited, to the detriment of their own credibility and of course to their portfolio value. Because in their thinking:
1) If the stock is up, or way up, it's ONLY going higher.
2) If it's down, the stock is only a victim to some short conspiracy.
3) If it's down more, it's only a buying opportunity.
NEVER would they consider:
1) The stock is overvalued.
2) The macro forces (for example Biden doesn't want legalization) change the stock's future potential.
3) The overall market shows signs of overbought.
No, to them there is only up, and any other suggestion must be challenged, because it destroys the value of their incessant narrative. Their collective rant is so blindly one-sided it is laughable.
What's really quite funny is I've endured wrath here on BOTH sides of the fence. I remember clearly back a few years ago, when the stock was just breaking into the teen's, and I said that this stock would rise up past $30.00 The scorn was immediate...clearly I was just a paid pumper.
What do I think of the company? I think they're doing what they can in an environment that currently doesn't allow them do what they want. Until U.S. legalization becomes real, I think the valuation will remain compromised. I question what they've spent $4 billion on in the past 2 years, and what value they've got for that. By the way, no one here has addressed that.
Will I buy the stock again? We'll see. If the price is right, and the macro forces are right, of course I would. That I think there are currently far more red flags than not is just a statement of what I think. As it turns out, I was right, much to the horror of the clowns. It is obvious that they're not enjoying their humble pie served up cold.
What I take exception to, is the almost complete inability of the ClownCar (Plant, Homestench, WTN) to actually counter thoughts on the merit of the point. Instead, they only seem capable of personal attacks, or lame conspiracy theories, doing nothing to actually debate the merits of the point, or counter with their own good points. It is through this approach, that they only serve to damage themselves, and also reap my scorn.
Just to prove my point here, I'll pose some questions. Let's hear their well-reasoned and viable counterpoints to the following:
1) I think the current market as a whole is in a massive bubble phase. All bubbles burst. I think too that the stock is wobbly and vulnerable to any broader market downside. This has proven to be right on several occasions over the past months and as recent as the past week.
2) There has been what you would think was "good news" for the stock (mostly provided by xbolt on a minute by minute basis), yet there is no upside. I think this is because Biden does not want legalization, and has shown his hand clearly. That puts the legalization dream out there several more years, rather than the clear hope that it was all but immediate. This will put the stock onto the backburner, or worse, in that the cash burn will remain, without the U.S. revenue stream they had hoped for.
3) Speaking of cash-burn, tell me what they've got for the $4billion they've spent in the past 2 years, and how that is good value for the money spent. Furthermore, without U.S. legalization and the company's continued cash-burn, do they not face either vastly reeling in spending or dillution, or both?
4) I think the company continues to have to unwind the "Bruce years". I actually thought at the time it was a huge mistake getting rid of Bruce. My thinking on this has changed now. Bruce did a great job getting the company started, but his wild spending just wasn't sustainable.
5) Is STZ doing everything they can for Canopy? I'm not a conspiracy theorist, but a simple way to put the question forward here is this. If it is STZ's intention to eventually buy out Canopy, would they rather pay $100/share or $15/share. It's a nasty scenario, but it certainly wouldn't be the first time I've seen nasty in the market. To date, I can't say I've seen any sign of this, but it remains something think about.
Now, if they actually provide well-reasoned answers to these points/questions, I'll cheer for them. Does it matter if they completely disagree? Not at all. I've said any number of times that I (all of us) want that challenge, as it helps to measure our own thoughts. But what DOES matter, is that they debate the points. Not attack the person. Not put out lame paranoid conspiracy theories. Actually step up to the plate and debate the points. Can the clowns do that? To date, they have only shown they can't. But hey, I'll remain optimistic here. So go ahead clowns. Let's see you actually pull this off. A serious debate on the merits of the points. Now THAT would be a dream come true.