Agree. Everyone I know who doesn't invest asked me about Gamestop. Next, people started asking me about Marijuana stocks and I dismissed it. Then I got curious and I looked at the big Canadian companies like ACB, TLRY and the like and they are all still trash. Bad growth numbers, bad earnings, bad cash flow. They all still suck, and they are too expensive and bad businesses.ajcoleman22 wrote: ↑Fri Feb 12, 2021 10:34 amThe top is close. The number of investment conversations I have had with people that have never considered investing before has gone exponential.
Except interestingly I started looking at the US cannabis companies on the pinksheets and several of them have good revenue growth numbers, positive cash flow, good balance sheets, and not at insane valuations. I ended up buying some MSOS which is an ETF that is composed of the large multistate dispensary operators and growers. You can actually make the case they are kinda-sorta value stocks. If Schumer's legalization legislation goes anywhere and more states legalize (they will, if only to cover deficits) this thing has legs.
Anyway, that's my trade update bought MSOS at the top haha