Opinions
Brooke Thackray
Aurora Cannabis
ACB-T
COMMENT
Dec 19, 2017
$7.100
Stock price when the opinion was issued
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DON'T BUY
He feels all cannabis stocks are gambling stocks. A maturing debenture is expected to keep downward pressure on the share price. There is no assurance that any existing company will be a survivor -- it is simply too early. No one is making money in this space. Without being able to predict revenues and expenses, it is too risky. He would stay away from these.
BUY
They each have their own strengths. He would pick Canopy (WEED-T) because they are the 800 lb gorilla. Aurora has lots of news about balance sheet challenges but they have low costs that he thinks will still come down further.
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That’s a hard one to say. It’s one of the stronger stocks now but there’s going to be a lot of jockeying back and forth and buying out. Cannabis stocks are hot and the sector is performing well. He can’t say anything technical since he hasn’t seen a breakdown at this time. When a stock goes vertical like this one, it’s hard to determine the support level when it breaks down. The best way to look for an exit point is if it starts to underperform the market.