Friday, October 11, 2019 3:14:07 PM
Starting to look like the 'Pot Stock' people have realized that almost every 'Pot Stock' company is losing money even after years of operations. That or a Institutional buyer has awoken to CBD as the 'next big thing' in Stil..
Looking at the net losses for 'Pot Companies' as to cents per share losses, I'm sooooo reminded of the Chinese Stock craze in 2006-2007, where eventually almost all Chinese companies were found to be lying about earnings.... stealthy misleading the markets as to earnings. God forbid the remembrance of the 'IT' craze of late 90s and 2000.
Say what you want about this CBD company, but the sector hasn't a proven failure rate of almost 99% in showing YOU CANNOT start a company off at high pricing yet show negative earning for years on end!
I would rather invest in a company with only a few million in sales, yet have a net net earnings per share positive, not negative.
Sure, a first mover is speculative... but I remember Coca Cola in the 1950's as does the CEO of this company. As I actually did in the mid 60's.
Will Stil perform to a level of positive net we don't know yet.. but 'Pot Stocks' have proved they are all just about a 'day trade' at this point. Which 'pot stock' will be the next Coca Cola I don't know, what we do know is 99% of them are just a 'Chinese pipe dream'.
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