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Wednesday, April 26, 2017 3:04:04 PM
Interesting, based on what?
The market determines valuation last time I checked. Granted it doesn't always make sense but it does tend to follow some amount of logic. Here's what I see on some comps.
CBIS market cap is $173M and brought in $5,214.00 gross profit (no, that's not a typo). ACOL is seriously undervalued then at $75M bringing in $1,497,216.00 gross profit. One is making .0031% return and one is making a 2% return. To put a cherry on it, ACOL's projecting 2-4% return (based on 100M cap) for 2017. That's not bad for a real company, and certainly not bad looking at the big red losses a lot of these companies are posting that happen to be market cap "valued" at a lot higher than ACOL... Need more?
MJNA is a hefty $305M cap and brought in a respectable $4,637,900.00 gross profit putting it at a return of .0152%...or not even as good as ACOL!
Go ahead and school me on what's wrong with the picture I'm looking at if you'd like, but ACOL is looking to setup for a good lift, not drop, based on some DD. ACOL would have to double just to match CBIS and more than triple to match MJNA.
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