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Agree, not likely in the short-term.
But Peltz is not just an advisor. He has options that would make him the second largest SH, and he may be a large SH already if he’s been buying. So he does/will have a lot to say about anything he wants.
And while a company may judge growth (including appreciation of PPS) on a 5-10 year future schedule, activist investors usually do not. Just saying.
And theoretically, I agree about debt at this early stage. But if a company announcement that they were taking on debt for a share buy back made the price rise to $30/share, would you care if that strategy wasn’t ideal for growing into their current share structure?
What if Peltz utters the words “future buyback” in an interview? Or claims that he’s “advised” the company to put it on the mid-term agenda?
He has a track record of pushing companies to do this. Granted, he was a major SH in those situations. But he’s on his way to becoming the second biggest one here.
And cash from revenue/earnings is not the only source to draw from to buy back. Companies take on debt to do this.
If you think you’ve seen fireworks, wait.
Agreed.
But you’re right in that future dilution, even if accretive, might hurt the PPS, which would affect Peltz.
They could’ve given him a personal anti-dilutive agreement.
Eh, what’s a few hundred billion?
Feels like we’re holding up the whole sector.
If we go up when Tilray reports shit earnings on Monday, will be a nice feather in our leadership cap.
Price action looks great. Today’s increase is nice, but I love this stability. No real pullback from the recent run-up.
Confidence inspiring.
Your logic is mystifyingly powerful. I’m dumping everything pre-market.
You got it dude. Live high and prosper.
Yes :) Would be a nice scam if he wasn’t bringing real value.
This really ups Aurora’s credibility. They’re saying to the market that they want partnership deals, and very good ones.
Basic options are pretty simple, conceptually at least. It’s just a contract, which you have the option to follow through on, to either buy or sell at a certain price in the future. You select the price and timeline. You pay for the right to have this option contract, and the cost is non-refundable regardless of whether you execute (usually about 3-10 percent of the underlying value of the whole transaction).
The thing with options is, if you hit them right, you can multiply your money in a way you can’t do when buying the stock. And you don’t ever have to execute the contract, you can just trade the value of the contract itself, they’re extremely liquid for high volume stocks.
Check them out, highly entertaining.
It’s a lot of shares, but he has to pay for them. Maybe company won’t get full market value for the shares, but the incentive aspect of this deal is what has people thinking. Shows Peltz shares the company’s high hopes.
Why do you think so? Because of Peltz’s activist chops?
Thank you!
Thanks for this. What’s your go to source for short data?
Now to judge the top! :)
Looks pretty pretty!
Question for board:
For those who are knowledgeable about short squeezes, a couple questions:
How do you identify that one is taking place?
And how do you judge when it’s running its course, reaching its top, etc?
Any advice or thoughts on this would be much appreciated.
Things are getting exciting round here!
Bingo
Nice article on Germany/EU presence:
https://finance.yahoo.com/news/aurora-cannabis-strikes-oil-germany-013000171.html
Thank you for providing this valuable info.
Thank you, sir. May I have some more? :)
More good news PLEASE!
Was this posted? Aurora mentioned in article about UK opening first med clinic.
https://finance.yahoo.com/news/uks-first-medical-cannabis-clinic-204540875.html
Wow. Disaster for the culture, great for our bottom line.
Don’t go for too long! Appreciate your sane positivity :)
Eh, seems the case at every big round number. Slow but steady.
Hahaha
Good point on the oversupply issue. It’s a matter of how much the market is managed/manipulated/regulated/subsidized/controlled.
I’m an American, too. Government manipulates agricultural output to serve its interests, as well as those of big corporate. Our farms could grow enough to make prices drop through the floor domestically while ending world hunger with a snap of the finger, but they don’t want to and the government doesn’t want them to.
Dude, this stock is schizophrenic. Totally bonkers. Could go green, red, or black with white polka dots at any time.
Trying to enjoy the ride, but frustrating at times.
Good article.
Pretty sure US/Canadian trade deal allows commerce across the border. Just not for goods that are currently illegal.
Any thoughts on whether the company will publish revenue guidance for this coming quarter?
As much time as I spend thinking about this stock, the present day-to-day is just too frustrating to worry about.
Gotta have some faith over the medium-term about continued solid growth, and that something is gonna happen to boost us up with STABILITY. Otherwise, this stock is absolutely maddening.
Not super worried about pulling back, the price can rise a dollar in just one day as well, as we’ve recently seen.
Hopefully the next ER is a real catalyst, if not something before.
PR out on Aurora’s Choom:
Aurora Cannabis Provides Update on its Strategic Investment in Choom $ACB https://seekingalpha.com/pr/17436572
Lol. God bless you and your fortunes.
If you had a crystal ball, yes. But this is holding up pretty well today. Everyone else is down more than we are.
Namaste’s accountant, PWC, quit, and they got in trouble in Brazil with their online offerings. They’re also dialing back some other lines of business.
They’re financials are delayed. Red flags there.
Whole Foods plans on Cannabis
https://finance.yahoo.com/video/whole-foods-ceo-says-cannabis-205608017.html
Nice action!
We really bumped up CRON, which is interesting.