Daily RSI of 12.98... this thing is beyond oversold. I think the trailing P/E is at 1.5? I believe pot stocks in general are going to start rounding out a bottom soon, and this MSO is great value right now. Despite pot stocks having questionable margins and future timelines, they ARE profitable under very unfavorable regulatory conditions that can only improve. The problem is time.
On a day like today where the indices are getting crushed by multiple percents, pot stocks have largely remained green or unchanged, which tells me investors are starting to see the value here. Still need widespread reform (SAFE banking act would be a great start) to really gain traction with institutions.
Even as a trade though I think this has 75% without any regulatory change. I'm still looking to see if TCNNF hits 11-12 as a bottom for the sector but this thing is such ridiculous value that I just had to jump in.
On a day like today where the indices are getting crushed by multiple percents, pot stocks have largely remained green or unchanged, which tells me investors are starting to see the value here. Still need widespread reform (SAFE banking act would be a great start) to really gain traction with institutions.
Even as a trade though I think this has 75% without any regulatory change. I'm still looking to see if TCNNF hits 11-12 as a bottom for the sector but this thing is such ridiculous value that I just had to jump in.
Comment:
Only pot stock in the green on a blood red day on wallstreet. With earnings coming in 2 days wondering if somebody knows something....
