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Dropping solid state battery didn't help today...
Calm before the Storm...
A cure for Covid-19 and a butt load of patents.
See. In the GREEN....
At this price how can you ignore buying, its almost free...
Looks like some profit taking this morning... I'm holding, never was a fan of Crammer
I wanted to get 1000 more at around 1.00, now have to wait to see how morning pans out...
Load up before you can't afford to buy. Maybe news on Anti-adiction patch, perhaps clinical trails have been completed with military contractors. We have been waiting patiently for 2 years now.
Let's hop this POS starts to run
Buy on the dip. Big news coming, looking at .25 soon.
Anybody selling Monday or is this a long hold. I bought 1000 shares at 14.80 a few months back...
Motley Fool says don't touch this with a 10ft pole. Give it 5 years first, so it can prove its a worth company.
Read an article that said buying
Zenabis is a money-bleeding machine that over the past three quarters has used up CA$22 million in cash from just its day-to-day operating activities. It has been staying afloat by issuing shares -- to the tune of CA$28 million.
I'm buying another 1000 shares Monday. My "FSR" is blowing up
God down in a blaze of fire. We need a bottom...
Only stock i got have that is performing
SBE has been going down since I bought it a month ago, sure glad I only bought 100 shares
Looks like another dismal day on Wall Street today. At least Monday is a new month.. any predictions today, I'm still sticking with .95 as a bottom.
Question, does it have to be under a dollar for 10days for it to go back to a pink
Hoping it gets back down to .50 so I can load up, have 4K shares, @ .50 I'll buy 5000 more shares...
Holding pretty well being the overall stock market today sux's....
Needs more volume
I goofed with OCGN, brought at 2.75 after I brought kept going down settled at 1.80 but I read an article that they weren't going to bring to US market, I sold the next morning, it went to 15.00 the following 3 days after I sold. So instead of losing 1200.00 I would have made 12K. Hurts
Ready to blow, load up.....
Needs news or something for a huge spike like that.
Bad day for all stocks yesterday. Today should be better..
Tesla Changed Its Pricing Structure Again: Its Going Bankrupt.
Read an article that EV's are going away and fossil fuel vehicles making a come back. Most new EV start up are going under soon.
Crushed. Today
AEZS Bankrupt. ?
Stock Market bounced back, unfortunately AEZS did not. Oh well tommorow is another day
Sorry.. .95 not sub penny that would be insane..
Check my posts from a few days ago, I have a limit buy in for .095. Looks like I may hit that today, even afraid that maybe too high. Thinking .050 any thoughts...
Sub penny today? Going down in a blaze of glory...
Hope it holds above 1 dollar, we needs some news on Covid, not something years from now...
Watch that Twitter video, they make no mention of Covid stuff, just the stuff that won't be done with trials till 2023...
Rather have it goes up in small jumps for now, get some long holds instead of a bunch of day traders flipping the heck out of it.
Were're a good 2 years out from seeing any pop. Just put your shares on the back burner and buy some more here and there and hopefully in 2023 you'll have a great nest egg...
Load up on the dip, getting ready to explode?
More bad press... definitely doesn't help
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Why You Should Avoid Sundial Growers Stock Like the Plague
This mid-cap pot grower has more than quadrupled investors' money in the past six months, but it could very well light their gains up in flames.
Zhiyuan Sun
(TMFZhiyuanSun)
Feb 20, 2021 at 6:33AM
Author Bio
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.
Even the most seasoned investors were stunned in January, when traders of the r/WallStreetBets subreddit orchestrated a short squeeze that sent shares of brick-and-mortar video game retailer GameStop (NYSE:GME) up over 1,000% in less than a month (although its share price has significantly decreased again). Now, those same traders have turned their attention to shares of Canadian marijuana producer Sundial Growers (NASDAQ:SNDL). Many new investors have hopes that Sundial could be the stock that helps them get rich quick.
While GameStop investors had genuine grievances for the stock's undervaluation, the same doesn't necessarily apply to Sundial. I think this is one pot stock you should avoid at all costs.
White woman sits at a desk, writing with a pen on a notepad, with a laptop in the foreground in front of her.
IMAGE SOURCE: GETTY IMAGES
Why say no to Sundial?
Sundial ran out of its cash proceeds in February 2020, just two quarters after its IPO. In response, the company sold a ridiculous amount of stock for capital, far in excess of anything it needed to survive. In August 2020, the pot grower's outstanding shares amounted to less than 200 million. By Feb. 4, 2021, however, its share count had grown to a stunning 1.56 billion.
Bullish investors may point to the facts that Sundial has gotten rid of its debt and has more than CA$672 million in cash and securities as reasons for their enthusiasm. Those are fair points, as emerging marijuana companies often need to raise a large amount of cash before investing in growth operations for a positive return.
The last part, however, is where Sundial falls short. During third-quarter 2020, the company's revenue declined by 36% year over year to CA$12.9 million. Simultaneously, its gross margin fell by 323% from last year's quarter to negative CA$17.29 million. Sundial had to dispose of its Kamloops, British Columbia (BC) facility and suspend operations in its Merritt, BC plant, citing a lack of consumer demand.
Indeed, its quarterly dried cannabis sold fell by 23% compared to Q3 2019, while its products' net selling price dropped by 37% to CA$2.21 per gram in the same period. The company also had to write off CA$20 million in obsolete inventory and take CA$60 million in asset impairments. All things considered, its operating loss amounted to CA$89.2 million in Q3 2020, or almost seven times its revenue.
While the company bled shareholders' cash, management took off with golden parachutes. The company paid its executives CA$3.12 million in share-based compensation during the quarter, accounting for nearly 20% of its sales.
The irrational exuberance continues
Despite having a large amount of capital, Sundial doesn't have a track record of turning it into solid profits. In fact, quite the opposite: Investors would like to see their stakes get smaller and smaller via round after round of dilutions and accelerating losses. Given its mind-boggling $3.05 billion market cap -- and a price-to-sales (P/S) multiple of 48 -- it is clearly very overvalued. Due to the surge in interest on Reddit, the stock more than tripled in value over the past month.
Investors should realize that while the stock has made them very wealthy in a short period of time, now is not the time to hold on for dear life in hopes of Sundial going to $5 or $10. Instead, take the profits and get out while you still can. There are cannabis companies out there growing their revenue by nearly triple-digit percentages each year, that can turn a profit, and yet still trade at cheaper valuations than Sundial. Picking one of those would be a much safer (and still exciting) bet