not trying to pick a fight yet would you consider that, as one of the only profitable mso/pot companies, it seems like it would be a good spec at today's $10?
the chart certainly looks like it has been bottomed out
would not the potential/eventual change in the US banking legislation not be considered a catalyst that could easily see this double or triple from $10?
(as an aside, last fall when there was rumour of a leg. change, it quickly doubled)
asking for a friend........
Because every single trade, ever, has an equally opposing view, we cannot really spend the time debating an opinion. Could it double under the right conditions? Certainly. But it is down 71% in two years under the wrong conditions. We agree it is fundamentally better than most in the sector, but so is its valuation higher than most in the sector. Changes in US laws would be a big positive catalyst. But GTII did miss earnings estimates last quarter, and estimates have declined in the past month. We think it is a decent company, but the horrible sector outlook overrides this in our view. We think the industry still needs to consolidate to eliminate more players. We note WEED, once the industry leader, is now a penny stock.