Buzz on the Bullboards: Heavy Debating on Larger Hubs

Significant moves on several of the largest Bullboard hubs at Stockhouse have set off furious debates on the future direction of these companies. While a couple of these companies have been basking in good news, the majority of the heated discussions this week concern companies trending in the opposite direction.



Once again, the cannabis Bullboards at Stockhouse were drawing the most traffic. This week’s new Top-6 leader, Namaste Technologies Inc (TSX: V.N, OTCQB: NXTTF, Forum), has been on fire recently. After bottoming at $0.50 on April 23rd, the Company jumped as high as $0.90 cents near the end of last week and is currently trading at (as of this moment) $0.79.

Namaste has been battling significant headwinds in recent months relating to financial and corporate governance issues. What investors are debating on the Bullboard is whether this significant recent upturn signals a real turnaround in share price performance or is more of a proverbial “dead-cat bounce”.

Stockhouse Member mozzarella wanted to draw attention to the fact that Namaste just announced a delay in the filing of its annual financial statement.

TORONTO

On the other side of the debate, Member Billythekid12 is an unabashed Namaste bull.

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Loading up big time. I have never trusted a man with a manbun more than I do now. Go Namaste.

Another Company rising up the ranks in our cannabis Bullboards this week is Sproutly Canada Inc (CSE: SPR, OTCQB: SRUTF, Forum). Sproutly announced a major deal this week with independent (and iconic) Canadian brewery, Moosehead Breweries. This is a joint venture that will see the two partners entering the Canadian infused-beverage market when these products are expected to become legal in Canada in October of this year.

While Sproutly’s stock price has roughly doubled in recent months, strangely the Company hasn’t gotten any traction in the market with its recent announcement. Investors on the Sproutly Bullboard are chewing over why the market hasn’t reacted more positively to this announcement.


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Stockhouse Member Ravenus01 provided some thoughtful observations on the Sproutly Bullboard in a detailed post.

It’s only just begun

To be clear, there was apparently market disappointment that the Sproutly news was not about a partnership with a major soft drink company such as Coke. The Conference call this morning talked about the JV encompassing both the CBD and THC markets. They will extract both CBD and THC from the cannabis plant and market beverages covering both the psychoactive and wellness spectrum. To me the negative market reaction was unfounded and I will explain why.

The deal with Moosehead (Canada's 4th largest brewing company) for 5 years will create a new company with 50/50 ownership between Sproutly & Moosehead and will focus exclusively on producing cannabis beverages (EXCLUDING hemp). This news is amazing in itself…

Elsewhere at Stockhouse, “the natives are restless” on many of the high-traffic Bullboards, with several popular companies at Stockhouse trending in the wrong direction. An interesting place to start is on the Energy Bullboards, with Crescent Point Energy Corporation (TSX: CPG, NYSE: CPG, Forum).


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Here is a Company with a 52-week high of $11.53. It bottomed at a 52-week (and long-term) low of $3.24 in February. Then Crescent Point took off, taking advantage of rising crude prices to rise to nearly $6 per share as the final week of April started.

Regular readers of Buzz will know that Stockhouse has been covering this move in previous editions. Now the share price has backed down to $4.68 – despite crude oil prices staying near their 2019 highs.

Both long-term investors and investors looking for a swing-trading opportunity may see CPG’s current share price as an attractive entry window. If crude prices remain strong, this is a Company that could have a lot of room to run. Investors on the Crescent Point Bullboard are currently debating this themselves.

Siding with the bulls is Stockhouse Member bonjovi501.

Just on BNN

Oil guru says supply shortage coming in back half of the year as the world demand will out pace supply. The next 3 or 4 months will be the cheapest time to pick up oil stocks…

With metals markets (and mining company valuations) weak in recent weeks, Stockhouse’s Metals & Mining Bullboards are relatively quiet at present, and with those that are active, investors are generally discussing bad news.



A case in point is Sherritt International Corp. (TSX: S, OTCQB: SHERF, Forum). This established mining company just reported record nickel and cobalt production at its Moa JV – based in Cuba. But softening metals prices, generally weak valuations for mining companies, plus political tensions have pushed Sherritt down rather than up.



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As investors can easily imagine, this has set off a debate among Sherritt’s shareholders on the Stockhouse Bullboard. Stockhouse Member pleazu69, in replying to another post, referenced a Bloomberg article that discusses both Sherritt specifically as well as the issues currently impacting its operations in Cuba.

RE: CEO gutsy talk looks like he has some news that can propel…

Manika wrote: Tomorrow is a big day, once everyone knows that interest rate is not going anywhere, commodities are going to fly up at least for 1 or 2 days.

https://www.bloomberg.com/news/articles/2019-04-30/guaido-s-high-risk-gamble-flops-as-maduro-keeps-grip-on-military

Meanwhile, the atmosphere continues to be fairly grim on the Bullboards of two established TSX companies that have traditionally had strong hubs at Stockhouse.

On our Industrials Bullboards, investors are discussing Canadian blue-chip Bombardier Inc. (TSX: BBD.A, OTCQX: BDRAF, Forum). Shareholders have watched with increasing frustration as a strong rally in the first half of 2018 has since reversed into a deepening slump.


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Two posts here reflect the opposing camps on the Bombardier Bullboard. The post from flyman12 requires no further elaboration in expressing the viewpoint of bears.

Pigs and lipstick

Staunch Bombardier supporter FOFOHIVE isn’t about to be shaken out of his position by the recent weakness in Bombardier.

LOL

People really make it seem like it's the end of the world. Their gonna regret selling their shares on May 2nd.

On the Stockhouse Bullboard for former tech stalwart, ProMetic Life Sciences Inc. (TSX: PLI, OTCQB: PFSCF, Forum), shareholders are looking for answers – and accountability.


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Stockhouse Member FrancoQc is looking to organize investors.

Should we call a “Special general meeting”?

Someone on SH has already posted on this subject but I thought it is of interest to talk about that subject again.

As shareholder, we have the right to call a special general meeting to discuss a precise subject.

To do so, we must have a minimum percentage of the shares. If I refer to the article below, we need to have at least 5 % of the shares. It is probably one of the reason why they diluted on a 20 to 1 basis.

Member lawriep also expressed the desire for shareholders to present a unified front to management, while also expressing frustration in the difficulty in trying to get some answers.

Promedic, anger, frustration, capitulation, or one more way

As I have read through an amount of posts, where the main themes are anger, resentment, confusion or capitulation, understandably so, I have also had a journey through those emotional badlands too…

This brings us to the latest Stockhouse Investor Pulse Poll, which can be found (as always) on our homepage. Our new POll is wanting to find out whether Stockhouse investors plan on pulling back on their investing activity as summer approaches.

Here are the results from Stockhouse’s previous Investor Pulse Poll where we asked you about your success in investing in cannabis stocks:

Obviously, it’s more pleasant for Members and visitors to Stockhouse to be spending time on the Bullboards of companies with rising share prices, where posters can congratulate each other and evaluate their investments from a position of strength. However, the Stockhouse Bullboards also fulfill an important function for shareholders of companies that are struggling.

Not only can they come to Stockhouse to stay up-to-date on the latest corporate news and debate perspectives with other investors, it’s also a place for shareholders to organize (when necessary), to be in a better position to exert pressure on a company’s management – for answers or changes.

The Stockhouse Bullboards: your destination to facilitate due diligence and manage your portfolio. Readers wanting to access previous editions of Buzz on the Bullboards can find those here.



FULL DISCLOSURE: Sproutly Canada Inc. is a paid client of Stockhouse Publishing.