Looking For The Cheapest Cannabis Stocks (Transcript)
SA Analysis
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transcript from the podcast. Interview with Alan Brochstein who has participated in CEAD conference calls in the past. Below is the portion of the podcast that mentions CEAD...
RS: Yeah, it's all relative, it's all relative. So speaking about, operational or striving for operational excellence? Do you see share repurchases coming anytime soon to the industry?
AB: No, not, not anytime soon, I think, so when you talk about the industry, I should be careful. The industry is bigger than the MSOs, which we seem to be talking about. And so there are some companies that have a lot of cash. But the ones I'm thinking of, they're not. And their stocks are cheap, but they're like one stock. I'm not going to say it because it's against Seeking Alpha's rules. I wrote a blog on it. I originally written that as an article, but this company is trading on the NASDAQ. And it's really cheap, but I don't think they can buy their shares back because the market cap is so low, and they need to get better liquidity. So buying share back…
RS: You can talk about them on this podcast.
AB: So CEA Industries (NASDAQ:CEAD). And people can read my blog about it. The stock went down a lot after I wrote it in December. And now it's right back to where I wrote it. I just added to it a little bit lower than now. But I love their valuation. And I just wrote a piece for my records on why I still like it. But so that's an example of one that could, but for the most part, capital is tight right now. The industry is not doing well right now. And when I say the industry, I mean not only MSOs, but we're talking about ancillaries, which were really cheap.
later in the podcast...
So like CEA that I mentioned earlier, no debt, lots of cash. Cash -- trading below cash is a good deal, I think. But it doesn't necessarily work out all the time. It may not be the best deal...
