Nielsagaert
Short

This marijuana stock will keep losing money

TSX:ACB   AURORA CANNABIS INC
I like cannabis stocks, have been bullish on the sector for the last year. I don't think 2018 will be any different. However i don't like the company aurora cannabis             from a fundamental point of view. The company has not been able to turn a profit, the massive run up in stockprice is based on future expectations. If the company is now not able to turn a profit, how will they be in the future when margins only will erode over time? Management is incompetent, the last Cannimed deal shows how irresponsibly they allocate capital. It would not surprise me to see this stock drop -50% over the next year. Be warned.
Comment: Target 6-8 dollar within this year. Based on how volatile the stock is it can drop as fast like it went up. Maybe in a (few) month(s) we are back to the price levels we came from...
Trade closed: target reached: Take profits on short, new crypto boom is coming.
Your slipping! ACB just acquired CMED and has a much higher market cap than canopy, although as of right now canopy is #1! I predict ACB will be mooning!
Reply
I generally agree with this comment, however I do not believe that much value should be placed on profitability given the early stage of the cannabis market. I will holding this stock until July and dumping shortly thereafter, largely for the reasons you mention.
Reply
Hi, do you have another company you prefer instead of Aurora in the same sector "cannabis" ? Thank for your return !
Reply
There is no use for "fundamental point of view" this early in the cannabis sector. Nothing is being priced by fundamentals , at the moment everything is speculation.
+4 Reply
Ha, I see no chance. more like this stock will be 16-18 within a month. Turning a profit is not the game plan at the moment. Expansion is Auroras goal. Only time can tell, but this company is looking just fine to me. Im especially fond of the relationship with RTI and Hempco. Aurora is setting up to dominate the world, and will control the cost of Cannabis Extracts in the future. The future looks green to me.
Reply
Nielsagaert JohnGalt777
@JohnGalt777, no it's not
Reply
I had a position with ACB, got out at 14.2 I find the same issue this this company when we compare it with APH.TO and WEED.TO
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out