Don't Ignore This Beaten-Down Pot Stock
Marijuana is an industry that the bears love to hate. Because most companies are in the growing stage of their businesses, they don't have impressive earnings at the moment. And after the industry's massive rally in the past two years or so, valuation certainly looks bloated. As a result, there are plenty of critics saying why cannabis stocks are doomed.
It doesn't help the case that sentiment hasn't been bullish towards the pot industry lately. Over the past three months, the North American Marijuana Index plunged more than 25%. (Source: "North.
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Marijuana is an industry that the bears love to hate. Because most companies are in the growing stage of their businesses, they don't have impressive earnings at the moment. And after the industry's massive rally in the past two years or so, valuation certainly looks bloated. As a result, there are plenty of critics saying why cannabis stocks are doomed.
It doesn't help the case that sentiment hasn't been bullish towards the pot industry lately. Over the past three months, the North American Marijuana Index plunged more than 25%. (Source: "North.
Den vollständigen Artikel lesen ...