A Marijuana Play You Likely Haven't Considered
Seeing the triple-digit growth rates with many cannabis stocks, every investor wants a piece of the action. As a result, marijuana stocks have been highly sought after, and early investors have pocketed big profits.
There is, however, a flip side to the story. Because many pot stocks have shot through the roof during the past two years or so, they have gotten expensive.
In this day and age, it's not uncommon to see a marijuana stock with a triple-digit price-to-earnings (P/E) ratio, and that's if the company actually made earnings. In many other cases, we see soaring stocks of pot companies that are yet to turn.
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Seeing the triple-digit growth rates with many cannabis stocks, every investor wants a piece of the action. As a result, marijuana stocks have been highly sought after, and early investors have pocketed big profits.
There is, however, a flip side to the story. Because many pot stocks have shot through the roof during the past two years or so, they have gotten expensive.
In this day and age, it's not uncommon to see a marijuana stock with a triple-digit price-to-earnings (P/E) ratio, and that's if the company actually made earnings. In many other cases, we see soaring stocks of pot companies that are yet to turn.
Den vollständigen Artikel lesen ...