weensNbeans

CGC - hero or zero

NYSE:CGC   None
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4
Friday will set the stage for the next quarter in the cannabis sector.

If anybody can be a hero here, it's CGC .

How perfect would a .618 bounce be on his earnings .

Too perfect = I'm skeptical. All CGC has to do is not be a zero.

If CGC fails, expect the rest of the sector to follow suit.

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The results this sector needed!!!
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Earnings are already priced in. Horrible earnings is what is already expected. When the reality sets in on Friday is may cause a selloff if anything. Why would CGC bounce when the reality is that CGC won't become profitable until 2022 minimum. Edibles caused a dip in production costs and so far has been a complete failure. Too much supply and the demand is not there as anticipated. I would run for the border on this stock right now. I see us heading to a double bottom around $15.81
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mfibbs mfibbs
@mfibbs, I meant spike in production costs.
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@mfibbs, that's why I said all they have to do is not be a zero.

Manage costs, manage overestimated demand, manage their company.

We know the sector is garbage. Everybody does.

Only the companies with the diligence to manage that will succeed. If they minimize their issues, the stock will go up.
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