TSXV:NDVA.H - Post by User
Comment by
nedstar71on Nov 11, 2021 8:38pm
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Post# 34117758
RE:RE:Sundial conference call nov 12 am
RE:RE:Sundial conference call nov 12 amSundial up 23% after hours on earnings after being up 6% during the day on good earnings and a share buyback announced. Should squeeze even harder tomorrow as the shorts get eaten. As I said definitely better to own the bender than the bendee. Alcanna should pop beautifully tomorrow as expected. Did anyone take my advice? Sundial really does its act together, more than any other cannabis company imo.
Also I see Auxly has gained almost 2x Indiva's entire market cap in the past week. Good companies are clearly moving up.
I certainly hope Niel has more than his usual talking points during the conference call. The market has zero interest in this now and it's tough to see a catalyst going forward that isn't totally negated by the possibility that Canopy does the unthinkable. The We're great at what we do schtick is no longer cutting it, and judging by the share price performance hasn't been for some time.
nedstar71 wrote: For all the negative talk of Sundial here, myself previously included I did some DD and listened to a couple of CEO interviews etc and I do have to say their game is on point and they seem to be ahead of the curve in this industry. The CEO understands Canada's screwed up issues perfectly and is positioning the company to not be one of the many casualties. Their market cap is high, but it's well supported by cash and assets.
As someone said a while back "They're bending us over". Yes they are, and are in the position to. They aren't the company with their back against a wall agreeing to pay an increased 15% on 11 million dollars up from 9% just for the privledge of paying 15% on another 8.5 million, they're the company making the rules and bending other companies over. Which company would you rather be?
I actually took a position in Alcanna to give myself some exposure to Sundial at a discount, as after spending some time researching it really does appear they may one of the few in Canada that actually get it.
Plus if there is any positive action in the stock, a short squeeze etc (not to sound like a Reddit meme but there is a massive short position) and SNDL even gains 20 to 30 cents, which is a very real possibility if earnings are ok, Alcanna gains 3 or 4 dollars a share.
If you have time and can get past the interviewer's valley girl speak, scroll down and listen to this interview. The CEO really seems on point.
https://www.newcannabisventures.com/sundial-rides-its-retail-investor-base-to-pivot-beyond-its-canadian-lp-operations/