RE:RE:RE:RE:RE:RE:Hexo has a very bad P/S ratioSir in previous posts you have stated that the stock market is forward looking - anticipation and I agree, but if what you say is true, why are investors not flocking to this stock? Because you are stating half truths only, and not the entire story. Why? That is your decision.
There are some serious issues with HEXO as an open minded investor I keep an eye on, aside from some positive aspects. One must always keep in mind that HEXO like ACB both completed RSs. Not the end of the world, but it signals some underlying financial concerns for investors. Both stock trade today in US funds close to 1$ pre-RS which cannot be ddiscounted.trying to relate HEXO and ACB to other companies is seriously flawed in investing terms.
As an investor in HEXO I am closely watching, aside from positive developments:
1. Continued share dilution - continued expansion will require additional capital
2. Higher debt levels and growing
3. The loss of share in Quebec market that IAW the CEO might not be fixed until 2022, if at all.
4. Next 2 quarters reported likely will not see a return to previous numbers.
So I wait.