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Bullboard - Stock Discussion Forum Goodfood Market Corp T.FOOD

Alternate Symbol(s):  GDDFF | T.FOOD.DB | T.FOOD.DB.A

Goodfood Market Corp. (Goodfood) is a Canada-based company, providing digitally native meal solutions brand. The Company is engaged in delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy meals at home every day. It provides access to fresh and delicious products, as well as exclusive pricing, made possible by its culinary team and direct-to-consumer... see more

TSX:FOOD - Post Discussion

Goodfood Market Corp > Well this was unexpected .....
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Post by Analystika on Nov 09, 2020 10:03am

Well this was unexpected .....

Anyone have any insight? Friday everyone can't get enough of this stock, today they are dumping. So strange.
Comment by Gringotts on Nov 09, 2020 10:48am
The announcement from Pfizer this morning was unexpected, for sure. The drop in FOOD not too unexpected. The market is forward looking. If a vaccine for Covid 19 is available shortly and is effective, the demand for Goodfood products will stablise or decline. If given a choice, people prefer eating out and shopping with friends and family. In this case, the company's growth will also either ...more  
Comment by Analystika on Nov 09, 2020 11:04am
How did I miss th me Pfizer announcement? At any rate, that explains things ..... but I think it's a massive overreaction as far as FOOD is concerned. The skepticism within the medical community for this vaccine is very high, it will take years before most of us are vaccinated and our medical professionals get on board. Either way, nice to see progress being made. People are desperate for a ...more  
Comment by investoil9 on Nov 09, 2020 12:45pm
This morning on Bloomberg they talked about how this morning the stay at home comfort type stocks were unfailry getting beaten down (Peloton, Zoom, Home food deliveries, grub hub etc) to the expense of the out of favor travel stocks like carnival, united, marriott etc. Basically it was a shift of mentality with the potential vaccine.  FOOD is undervalued here with upcoming quarterly.  ...more  
Comment by Gringotts on Nov 09, 2020 1:36pm
I think it is an over reaction too. The fast money, those looking to drive the price up in anticipation of quarterlies, seemed to have finished selling off. We have significantly come off the day's low. I hope we can find some momentum this afternoon, tomorrow and Wednesday. I hope investors don't sell the news on Wednesday. 
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