AOGEE wrote:
I read your post. I am old and retired but have a Masters, so i thought I would take your advice and try and answer your questions (on my own) to give me a different persepctive.
What do I think of the company? You answered yourself from a personal persepctive. which i am trying to do by being on this BB and doing other DD.
Will I buy the stock again? You answered yourself from a personal perspective. which i have done at $31 but will aquire more when the deal closes with FIRE as per the agreement.
Now here you actually request the "Clowns" to answer your questions:
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. (There is no questions to answer... it is an opinion statement)
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. (There is no questions to answer....it is an opinion statement)
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? (I identified two questions here. Now we are getting someplace. One is the $4B spending which i cant answer as I came here from an M&A that is still not closed and the other is where you tie the first question into forecasting US politics. I am Canadian and I try not to understand U.S politics as it is impossible in a Country that is divided. coming from a legal background I expect we will see a slow process of de-crimilization of cannabis. Here in Canada it was easier because of the Criminal Code is Federal and the FDA and NCA were both Federal. The US has State and Federal criminal statues and laws.)
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. (No question here again just an opinion statement)
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. (Great another actual question. Good question. I think only the WEED CEO can answer that as he would know better than investors. We could just supply our opinion, which would than likely be tainted to your individual experiences and investing style. You prove that by supply your own answer and opinion/perspective)
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. (two questions here. You answered them both on your own and dont think the answers from the so called clowns will add any credible discussion as they are not pertaining to the investing, financials or business of the company)
Sorry did I miss any of your ACTUAL questions here?
Cheers all