RE:RE:RE:RE:RE:RE:RE:RE:Barking Crud on to Something So why the sad tale about your financial advisor? Buying mutual funds via pre-auth is not necessarily a bad thing btw. Diversification of ones portfolio is highly recommended. Some people are better off with withdrawals of $25 a week or whatever as it forces them to save in a relatively safe manner. Its not that mutual funds that are bad its some are bad. No different than equities. Your FA that packed up and left on you? Yeah I am sure he did. That is on you for not trying to find someone half decent. Kind of like continously giving a contractor money when nothing is being done to your home. Indded there are bad apples out there but eventually that is on you....
For example CGC lost 34% B2B sales when the Canadian market grew by appx 40% - Think about that. WOW! How in any way is that good? They need more acquisitions based on their current formula. Likely need both acquisitions and a scale back to their break even point of 250m/q they currently require. Maybe in 10 years from now they will grow a product Canadians want to keep buying more of.
Is it really cheaper to buy third party than to grow your own? How are private third companies making money doing that? If they aren't than how long does the supply last and what does Tweed do then? Why can't they learn to grow their own quality product that people want to repurchase? If they can't do it in Canada why would America be any different? Do you think they, Americans, want the cr@ppy pot Canadians don't?
A lot of analysts speculated canabis bev market in Canada would be 500 million, hows that looking? By the way when will Canopy make a drink that you want to buy again over a competitor? Constellation must be throwing a fit at that one....
Anyhow best of luck with Canopy there is still
at least one more FOMO movement left here if not more. So maybe try to stop crying about others and take control of reality my friend.
e-coin is stupid, kind of like repurchasing a Tweed product it appears lol.
BTW how much does one get paid to post here and who do I reach out to? Though I tend to type way to much in one post for it to be worth my while but seeing how much time I do spend around here maybe I should inquire. At very least it would help cover the costs of the spliffs I burn while I am reading at my desk....
PlantManager013 wrote: I was referring to buying Tesla stock in 2010, not today.
As far as the analysts go, they "analyze" only what's being fed to them.
Those analysts have been in denial wrt cannabis stocks for the last 6 years - always coming up with reasons why ppl should not buy these stocks. As a result, thousands of people have missed out on some great revenues.
They have also missed other new industries, like the battery supply chain companies, or e-coin.
The "analysts" always tell us what has happened, not what will happen. What WAS the latest boom, not what it will be.
In the words of Skipper - "don't tell me where he has been, tell me where he wil have been".
As far as being unemployed, doncha worry about me - I'm doing fine. You worry about how many cents per post will your SH handlers pay you for your bullshit.
ridingrockets wrote: Maybe the problem you two have is not being able to rea? At no point in my lengthy comment did I make any reference to a personal financial advisor - not one. I referenced analysts that I knew from work who genuinely cared about the projections they were putting there names next to. As far as hardonforivanka goes get bent - Canopy is not facebook. Facebook had and still does hold a monopoly on social media. By the way they are having problems attracting sub 25 year olds if you did not know that... Canopy makes products people don't tend to buy again. They do not have anything close to a monopoly in the market. They have real competion. If Canadians do not rebuy Tweed products why would Americans? How long before Canopy screws up their US acquisitions? Don't worry Martha Insider Trading Stewart will save you! As for CGC FOMO hopes are still alive for these guys, undoubtedly. Also why would your personal account be getting watched by your employer? What kind of boiler room were you working in? Sell a lot of penny stocks in your life? As per Tesla well if Musk is saying Tesla is over valued what does that mean?
But as you two struggle with reading I will rewrite this: 34% reduction in Tweed branded products year over year is an issue, if you feel otherwise that is your decision.... Anyhow if ever I see you both on the side of the road with an unemployed sign I will toss you a fin.
IvankaThePariah wrote: One of my fave stories from when I worked for that bastion of corruption was the day back in 2012 when I bot FB into my own account (trading then at $18) and actually got an email from head office demanding - like, DEMANDING - to know why I was buying it when it wasn't on their "recommended list". I ignored the email and we all know what happened to FB. I truly just thank gawd I got outta there when I did, two years later. If I hadn't, my meagre savings would still be tied up in their sh*tty, under-performing mutual funds and I'd be living on government subsidies. My advice to anyone contemplating giving their money to a "financial advisor" - DON'T. Spend a few months educating yourself on the markets, decide what your risk tolerance is, and manage your own money. You sure as hell won't do any worse.
PlantManager013 wrote: Give it a rest - we all know how corrupt your industry is.
No one has any illusions about FAs caring about their reputation.
My first FA saddled me with a stupid mutual fund pre-authorized paiment and with unneccesary life insurance, then he wrote a book about how the market will crash and then disappeared
Another !diot advised me not to invest inTesla, just because he was so clueless that he didn't know who Elon Musk was.
You boiz are always way behind on the occurrence of new sectors and on opportunities to make money and you keep going back to the watering hole of stocks that you know and that never perform well.
ridingrockets wrote: Yup all analysts are scum who do not care about their reputation when it comes to forecasting stocks. They all drink the kool-aid they are told to drink. You sound like you got fired and are still bitter....
I spent 15 years at a large Canadian financial institution fyi and those that were involved with analysing were constantly stressing about their accuracy.... Are all correct? Nope. Do they care about their reputations YES. So when you have major companies such as Cannacord and CIBC raising a red flag - that red flag they raised is WORTH INVESTIGATING! They may be wrong in their assessments but they are worthy of investigating.
The post I responded to was a pom pom pumping former Supreme investor who stuck with Canopy and continues to be delusional with their comments. Such as there is no reason to be concerned and that the earnings was a good one.
34% loss of B2B market share year over year during a period where market sales increased by about 40% - so 3 billion in sales turns into 4.2 billion in sales yet Tweed sales are down 34% over that same period. If that is not concerning to you as a CGC investor.... Sure.
As you alluded to there is very little quality discussions happening here. In my opionion CGC needs to continue its acquisition spree if they want to get green in Canada. Alternatively they can further cut costs and close greenhouses and reduce the total revs required for a positive EPS. The last option is pray that American legalization takes place prior to 2023.....