RE:Best of luck to longs and calm down StarSearcher
I'm doing ok Lily although I could have cashed 8 million instead of 2. I sold when the company imo was fully valued based on what I thought they could make. I have no regrets, You're right I didn't see it running so hot. That two million has doubled since then. I piled into another house and bank stocks during the pandemic they've doubled in price and the house has gone up about 60-70% so I'm not crying. Look at where this company is valued now. Pretty much exactly where I thought. There shares have been diluted more but I always thought they'd make about 300-400 million rev and maybe bank 30%. They're still at a huge loss which is why after years then coming back to look I concluded it's a garbage company even tho I have much love for it. So whose the baby now someone that cashed out and banked huge on low risk stocks and real estate or held on for years and is now cashing out at a loss?
The opportunity is in the US from what I see. The companies are where Tweed was in about 2015. It's likely going to take 4-5 years just like it did with tweed but it's coming. This time around I'll still sell too early again and be very happy. Canopy is losing market share daily to very large companies in the US. I see the US companies pulling in a billion in sales easily this year. Yes this year. Some of them have markets caps of 2-3 billion. There is a disconnect in the market and it will correct to the upside for anyone that has patience to take the swings. That's my take on it anyway. I think you made a good choice getting out of here. Canopy will be around but they're definitely not going to be one of the big players in the US. If the US companies get access to the capital markets in the US it's game over for Canopy. Their advantage is gone and I'd imagine their stock takes a nose dive if that ever happened. It seems like that may be coming sooner rather than later. Even the Republicans support banking reform. That's just my take on it I'm not Warren Buffett