RE:Who is this guy? Pablo ZuanicHe's an old man who's downgraded the entire sector even though he says hes favourable on it.
Sounds like hes in the back pocket of the shorties.
Jimmy713 wrote: The Analyst
Cantor Fitzgerald's analyst Pablo Zuanic lowered the price on HEXO shares to CA$2.29 ($1.85) from CA$3.45, maintaining a neutral rating after projecting that the company will miss sales estimates for the quarter by 15%.
And, it seems that stock will continue to drop further, added Zuanic who expects HEXO will post a negative adjusted EBITDA of CA$4.3 million, compared with a consensus of a negative adjusted EBITDA of CA$5.1 million.
"We estimate it ended July with $53Mn in net cash," the analyst said.