RE:RE:RE:RE:RE:RE:Dems Hit ImpasseCanopy made you over 2 million in profit??????
Now that's funny and easily fact checked.
Here is your first post ever on this board but yet you were actively posting on other stock boards. So full of sh!t!!
You fools aren't worth half the money you are bring paid.
YodaLayhehoo (78) User Actions November 18, 2019 - 04:05 PM 164 Reads Post# 30366631 RE:RE:PERSONAL PROJECTIONS Canopt still has a 7 billion dollar market cap right now at these levels. For a company that makes zero in profit had reclining sales revenue that is a stupid valuation. The money that they raised will be gone by 2021 then what? How can this company sustain a 400 million dollar burn rate? They are burning cash faster than infrastructure companies and trying to make that up by selling a $7 product. Other than a short cover I don't see any reason why this would have a recovery right now. Very short term bounce? Possibly that is a risky bet. My advice would be to take your money and put it into cash or go very high quality companies right now. The market is at an all time high and this is tanking what happens with poor market conditions? Tax loss selling? The only value in this company is the cash they hold and that is burning up in flames. I'd put a very small chance on Constellation buying the rest of the company just to take it out of the spotlight so it stops making them look so stupid. That may be the salvation here but who can predict that? only insiders. You may be able to time the dead cat bounce to get out but it may just go up in smoke while you try. Firing Bruce was the worst thing they could have done. They killed the dream and that's all that is here right now. They need a profit (net profit) of close to 500 million dollars to justify the current today market cap.
YodaLayhehoo wrote:
We can agree to disagree then and just let the market be the judge. It wouldn't surprise me to see Canopy go up 10-20% at some point while the US companies are likely going to do 300-400% just to trade at fair value. I see Canopy languishing in Canada for years. The safe banking act won't allow them into the US market meanwhile it's going to cause explosive growth in the US companies. We'll see the same thing play out as we saw in 2017-2019 in Canada. Safe banking will allow more funds and companies to jump in. I predict a large investment or merger will kick off the industry there. Followed by huge inflows of money from hedge funds and banks. The companies in the US are growing 15-20% a quarter. Right now they're valued at 3x sales most of them. I believe that will move to 10-15x sales as soon as banks can get involved. They will start covering the sector and you'll see ridiculous price targets just like in Canada as they drive the prices up. Just for reference as well Canopy is trading approximately 16x sales currently. There's 300-500% to be had in the US at some point in time . I just don't see that for Canopy. Believe me Canopy made me over 2 million in profit and I really wanted to buy it again. I spent the last 3 weeks researching the sector reading financials from both sides. Although I have a fondness for this company my money is better in the US for the time being. Take it or leave it a lot of investors money is going to move to the US but that's just my opinion