Post by
skibumm on May 21, 2020 10:50am
min risk holding Vivo in .20's - big potential
last Q a disappointment but with $35M cash going forward, and no debt, I will say Fishman doing a good job running the company, versus the so many others that are constantly doing dilutive financings so will give him credit there. Sales are disappointment but still early in cannabis 2.0 game (Covid hasn't helped running a normal business). It seems like Pot stocks are back in play, lead by Aurora and not uncommon these days, to see dogs like Tgod/t, Emh/v, Alefia, meta....all have doubled off their lows, some with gains of 20-40% in a day. I am happy to hold & wait...not sure how it will play out...but to listen to some of the clowns on Vivo Stockhouse (the Jerry Springer of sites) I just sit back and laugh....full position
Comment by
Ryans246 on May 21, 2020 1:34pm
Must have taken a few days for you to write those wonder insights you have . Other weed stocks are doing good so this one must too lol have you seen a green day yet with all the positive in other weed stocks. You are delusional, you must be the clown that buys weed for $55 dollars an eighth.
Comment by
Ryans246 on May 21, 2020 2:34pm
So because the company is gambling their money on penny stock pump and dumps ,,that is your reasoning Vivo is gonna do well ??
Comment by
Macpoor on May 21, 2020 8:19pm
Ryans, Vivo is not a speculative company? they have products . They have a bit of cash . No debts . Balacesheet is solid as rock! It is worth to invest few dollars in this company and leave it for your retirement. They might even be targeted for takeover. .
Comment by
Ryans246 on May 22, 2020 10:42am
The cost of debt is usually 4% to 8% while the cost of equity is usually 25% or higher. Debt is a lot safer than equity because there is a lot to fall back on if the company does not do well. Therefore in many ways debt is a lot cheaper than equity.
Comment by
Macpoor on May 23, 2020 8:02am
Ryans, Is it wise to invest only $500 in VIVO?
Comment by
Ryans246 on May 23, 2020 11:01am
Sure it is, I love to gamble, I buy lottery tickets every day. I'd rather go buy 500 worth of lotto max tickets for one draw personally. at least I'd lose my money quickly and be done with it. Rather than watch my 500 dollars die a slow death.
Comment by
Ryans246 on May 23, 2020 11:15am
Even if you won a couple of free tickets , you would have done better than owning Vivo in the last few years .