RE:RE:RE:RE:RE:RE:SO TELL ME HOW THIS WORKSOk DoubleEagles, let's work with you here for a moment.
So you openly admit that you're married to the stock. And by the way, in my days wayyyy back when I've done this too. But the thing is, you should learn by the mistake made. And you've certainly had ample time now to do that learning and vow to never make the same mistake again. Marrying the stock only turns you into a cheerleader, and that's a dangerous proposition as it negates you from seeing the other side and in doing so, valuing the stock, and whether to be in it or not, accordingly.
But here you are showing you continue to be married, and haven't learned the lessons. Why? Because you've said something so obviously and blatently wrong that you can only be considered still married. What was that?
That "(Canopy) has a great management team".
Seriously? SERIOUSLY??
Ok, let's see if we can break you out of the married-to-the-stock blinders. Please answer the following:
1) If it was a great management team, why would they need to fire two of their top executives?
2) If it was a great management team, why are they still bleeding $560MILLION per quarter?
3) If it was a great management team, (which by the way has been in place for years now), how could they only find about $80million in cost savings?
4) If it was a great management team, why would they have to admit that they totally got the product mix/consumer desire completely wrong, having to totally revamp their product offerings? And this can't be blamed on Bruce This was all well within the realm of their management.
5) If it was a great management team, why would they allow substandard product to go out, leaving the vast consumer sentiment that they make lousy weed.
6) If it was a great mangement team, how did they miss that the consumer wanted higher THC products?
7) If it was a great management team, how have they failed to get any real traction with their beverages, relegating them mostly to a novelty item rather than a go-to product?
So I assum Doubleeagles, you have reasonable replies to each of these questions, that would lead you to your "great management" quote. Now, if you truly/honestly have trouble answering these, there is only one of two answers.
a) Somewhere along the line you drank the coolaid, and really don't look to deeply beyond the novel summary/platitude of "they have great management".
b) "They have great management" supports the married narrative.
But challenge yourself here Doubleeagles. Challenge yourself ruthlessly, and do it daily. THAT way, you'll be prone to make far better decisions. Money is NOT made being a cheerleader. Money is made making good decisions based on the facts (not needs,wants,hopes, dreams) as the stand and/or develop at any given moment.
Looking forward to your replies to the questions.
Doubleeagles wrote: I guess one needs to do what needs to do to give them pleasure if there is no other reason for spending precious time on this board. For me I'm a clown with a bag full of shares and I've been checking in often to get great industry information and to be of course with those invested in Canopy. Which by the way have great management team and supported by a superior company in Constelation Brands. Shareholder since 2014. By the way a shout out to Xbolt for great industry news you are one of the reasons I troll this board. Thank you for the time researching and sharing!