Post by
lifeisgood1010 on Feb 26, 2021 8:29am
Gambler's mentality
When i buy a stock, i look at what i am paying versus what i am getting.
For all of my lumber stocks, i am paying a very low price for what's on their balance sheets
and these balance sheets are getting stonger by the days.
This morning, i was looking at the reported earnings of Cronos(a pot cie)
For 2020 (in US$) ,sales were 46.7m and EBITDA was negative 147.3m
What's most amazing is that Cronos has a market cap of 4.9 billion while
Canfor has a market cap. of 3.2 billion
Yes,some pot stocks will make it one day but for now,i would much prefer owning
a company like Canfor who is on track to make anywhere from 800 million to more than
a billion in profit in 2021 than on a casino stock.
To each is own
Comment by
Aminvestor1234 on Feb 26, 2021 10:16am
You are an investor, someone who buy stocks based on fundamentals and for the long run. People who buy casino stocks are speculators, who buy stocks based on FOMO and the greater fool theory.