Post by
theTransporter on Feb 10, 2020 11:44am
Pivotal Moment
This Thursday's afterhours financials will be a huge pivotal moment for this company.
The stock price is portraying the market strongly believes it will be a flop and produce another $12M quarter like Q1, with a drastic reduction in guidance for F2020. If this does in fact occur, the stock price will stay stagnent as these levels as this outcome is, in my opinion, baked in to the current stock price. Market cap for Supreme currently is less than CannTrust who we know hasn't sold a single porduct for over 8 months now since their license from HC was stripped away.
Now if the company proves the market wrong and knocks it out of the park on Thursday with anything over $20M+, or better yet, a $30M quarter with a re-confirmation of guidance, I wouldn't be surprised to see a minimum 50% - 75% day on Friday if the case is the latter. If CGC happens to surprise the market and beat estimates, Supreme's gains will be amplified even more riding on CGC's coat tails.
Comment by
Vulcan on Feb 10, 2020 11:50am
agree totally with you trans.. its the same assessment i have at this moment. I think everyone is a little on edge. Little judgmental.. little snappy.. if i responded to you in the past in that way i apologize.. Cheers best of luck to all of us
Comment by
brentkosta on Feb 10, 2020 11:59am
This post has been removed in accordance with Community Policy
Comment by
brentkosta on Feb 10, 2020 2:51pm
This post has been removed in accordance with Community Policy
Comment by
wayetwood on Feb 10, 2020 12:07pm
Does anyone know if there is any insider training is going on over the last week?
Comment by
Go0B3r on Feb 10, 2020 12:13pm
No, that would be breaking the law Wayet. There is a normal blackout period is from two weeks before the end of each fiscal quarter to the second full day of trading after the quarterly earnings report is made public. Blackouts can also be imposed in connection with important corporate changes, such as mergers and acquisitions.