Saturday, May 13, 2023 4:55:35 PM
“absolutely no comments on the Harvest acquisition”
I think they were right from a management point of view to go with look at this, don’t look over there at that.
I mean there is no upside to bring that into the light. Currently they have a market cap of 911 million. The debt is over a billion. They currently are going at a rate for losses of ¼ billion a year. Yet, just a little over 18mo ago they paid 2.1 billion for Harvest. FUNMAN who use to post here, said at the time they have lost their minds. He appears to have been right.
Any mention of Harvest now would be like rubbing salt into an open wound to the shareholders. The best I’ll say is it was an ill-advised, ill- judged, shortsighted, poorly timed decision. If done today I don’t think it would have cost even 300 million, that is a big oops. IMO
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