Saturday, April 11, 2020 12:39:08 PM
Then let’s give Nugs a P/E of 80 .. and see what the price would be... $20 ? $49 ?
You can see that this is an effort in the ridiculous....
So here we have Nugs ... with exploding sales... to such a point that new employees have to be hired... no problems with social distancing with this company’ as workers can be an acre away from the closest next employee.... it’s the only marijuana company in California that I know of that is increasing employees and increasing sales to the point of being close to or being the top marijuana company in the state.
So what gives with the price being so low?
It’s a mystery to me?
When the market opens on Tuesday one should expect the stock price to go up, but I m betting it’ll go down
For no logical reason of course.
It’s been said that all stock prices are properly priced at some point in time...
In my 30 years of investing my opinion is that yes , all stock prices are priced correctly but only for a nano second in time....certainly not now ., in this propped up market of fake valuations.
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