Let's keep this thread as clean as possible , so ,please,
NO MUSHROOMS or other shit..
To give a simple idea,if someone would have bought cannabis stocks when they were popular more than 3 years ago,they'd have been stuck in loses for 2 years,and only in the last year they'd have recovered the loses,but with no profit..so : not an intelligent investment , especially when something is not based on good profit rate and P/S .
P.S. : Instead of being stuck in that way,anyone could have made around 20%/annum in the last 3 years. Which is far better than something like being on -50% after 1 year,-30% after the 2nd year and only after the 3rd year being flat 0% (no loss no profit)
Quote:
Originally Posted by pornguy
Ballard is a good one as well as Plug.
Many many other things I would go into before crypto but thats just me.
|
If by 'good' you mean that it might be better than the average stock,then yes that could be true,but if by good you mean 'really good' (which would imply deep analysis) , then clearly no ,
Ballard's financials look terrible for the current price. right now it's more of a nice gamble 'it might go up..or not'
PLUG looks better,with good prospects for growth . Their financials are a little bit better than Ballard's even at this time,after having a bigger price increase over the year,which means that their financials were maybe 3x better than Ballard's somewhere in march,so,just by looking at a simple indicator like P/S you could have gotten a better stock and get even better results..
I must say that I find the market cap in related companies to be quite dumb.. for example Tesla's market cap is extremelly stupid considering that their revenue is just 20B$ with a very small profit rate.. the P/E is 1600+ (WOW) .. I can't see how anybody would buy this ,but obviously nobody would dare to short it(because of so much irrational thinking..so the best thing would be to avoid them)