RE:RE:HEXO Price Target = $66.49 USD (Yahoo USA)Quinlash - last of the PUMP-icans... one more Cnd penny drop to $1.37 and Hexo is below $1.00USD. How do you reconcile that with the fairly optimistic (sarcasm) target by yahoo???
The. Ship. Is. Sinking.
quinlash - (12/22/2022 12:53:11 PM)
RE:HEXO Price Target = $66.49 USD (Yahoo USA)
Yahoo Finance knows much more than the Yogi Bears posting on this forum, I am confident of that. Some of the things they are likely considering include:
- the 40 Million of debt HEXO Corp just paid off
- the new Tyson and Entourage supply agreements that came online over the last few months
- the partnership with Tilray and off-loading of debt HEXO did to Tilray
- the re-focus of the company on Higher Margin Products
- the fact that HEXO Corp now has the lowest sharecount in the sector
- the fact that HEXO Corp is trading at insane discounts on Book and Sales ratio comparisons.
- the fact that the company notes cash on hand for the next year PLUS the access to addtional funding now that the SP is over .30
Some things they may be considering:
- the possibility of Tilray taking over HEXO Corp (or another take-over bid coming in)
- the progress that may (or may not) be seen on the US Side in terms of progressing Cannabis
The guys making these price targets are far better at understanding mico and macro level market developments and certainly understand the fundamentals than anyone on this forum.
Best Regards
Q
- Long on HEXO