Sunday, January 26, 2014 5:22:21 PM
Why does he keep feeling the need to throw a wet blanket on the sector?
In regards to valuations it's his opinion. Would I buy the company outright for current valuations? No
But I wouldn't buy speculative bios, Twitter, Amazon, Tesla, Facebook and the list goes on and on based on their current valuations either.
These and MJ stocks are based on potential future valuations. Speculation. If you want to invest in a company that's in an established industry and is trading at a low "undervalued" valuation then buy some blue chips in a week or two when the market keeps crashing.
I don't see how at this time you can place numbers on market caps. The market is forward looking and if you think PHOT has the potential to be a much bigger company, then base your market cap price expectations on that and not present conditions. This is a new and unestablished industry so who knows what a fair valuation is? Those who invested here are in on the ground floor and I don't see a basement on the elevator push buttons.
Recent PHOT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/23/2024 07:55:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 07:25:48 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM