Pyxus International Inc (PYYX)

[realfast95]

I'll admit, I haven't done much DD here until this weekend.
Looked at Q1 earnings transcript and the analyst day presentation.

They admit that North American combustion aka cigs are in decline, before Canada approved cannabis. Hard to see impact.
However China sales are up due to gaining market share.

A lot of unknowns on cannabis and e-liquids. They have the
parts in place. We just don't know if and when it will succeed.

These guys are middlemen. No one is talking about them except citron.

The financials are not that great. They could maneuver if needed with the cannabis subs. CGC+STZ are clearly in the drivers seat financially.

I agree that they should be a takeover target. As soon as early trends from Canada start showing up, we will know more.

Technically there are two gap ups. God forbid if they close.
up Oct-08-2018 29.24 to 30.12
up Jul-13-2007 15.61 to 17.95

Read more at http://www.stockta.com/cgi-bin/analysis.pl?symb=PYX&cobrand=&mode=stock#CySKW4Qu29sDKSxU.99