Loving this idea of yours. I'm sure buying pressure will come, but we may have to wait a little longer. Hopefully their additional facility will receive a license from Health Canada soon. We also need to see an indication that Aleafia has a plan to put them on a path toward profitability. At the same time, this is the 6th largest producer by capacity. In my opinion, very undervalued, compared to its peers. Even CannTrust is more expensive, based on forward revenue EPS.
I think we'll see $1.27 before the night is over though.
LiveLoveTrade
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Hey @Barkworth, I hope all is well! Thank you for you're kind words and optimism. Also nice chart as well, I enjoy seeing other's way of thinking, It always help's!
That being said, lately I've been working on implementing fundamentals, but clearly nowhere near as informed as you lol. Expanding on what you wrote, I'm thinking maybe the rumour of receiving a licence from health Canada will be enough of a catalyst to move price??
Barkworth
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@LiveLoveTrade, I certainly believe that we will see a lower high at least, on news like that. But what I am really hoping for, of course, is this down trend bottoming out, and reversing. I am baffled that ALEF is down as much as she is. It started after moving from the Venture to the TSX, and the Emblem merger. I suppose investors don't understand what ALEF intends to do with all that added capacity.
I do believe that ALEF should be valued at around $4 to $5 minimum, once they complete they get their facilities up and running, all of them. I suppose I am short term bearish, but long term bullish.
Like you, I enjoy seeing others' ideas. It helps keep a broader perspective of possibilities.
I think we'll see $1.27 before the night is over though.