Pot Stocks

Flash said:
d2822c87da08fd0a887ca9fa8c539dac.png


Top one is AMD. Rest are pot stocks.

Valuation on these things is insanity. Canopy growth, bottom one, is trading at 90x times revenues (not earnings). As a comparison, Amazon which has a P/E of nearly 400, is trading at 3x revenues.

Time to sell. Been a hell of a bubble though.
Click to expand...

Care to tell us how you calculated the enterprise value of these companies?

Also I just cashed in my investment fund lolz.

Brb 2018 gonna skyrocket gg
 
Peanut said:
Care to tell us how you calculated the enterprise value of these companies?

Also I just cashed in my investment fund lolz.

Brb 2018 gonna skyrocket gg
Click to expand...

I looked at their S-filings and investment information on their websites. The valuation on these things is so ridiculous. I'm just riding the wave right up until legalization then selling out. Once people realize what real profits are relative to stock value these things are going to plummet. To back up what I'm saying, go try to see if you find shares to short on pot stocks. No institutional level investors will get close to this stuff.
 
I am sticking with a few of the ones I have. They keep going up. Especially the scientific side of things.
 
You must log in or register to reply here.
Back
Top