In 2018, I estimated and predicted Price Targets for my only 2 Marijuana stocks, CGC and CRON.
CGC: PT $100 by 2022 - 2023
CRON: PT $120 by 2022 -2023
Above PTs were calculated before any major financial deals from Constellation and Altria.
Things changed.
I still remain PT for CGC at $100.
However CRON's more complex.
Background: Altria's deal was great initially when the stock was hovering $9. However many people seem to have no idea or forget about the deal in detail.
Altria has 45% stake now and have option to add another 10% at $14.20.
Problems:
1. CRON's current Stock Price over $23 and Altria could buy another 10% more at $14.20 with 40% discount.
2. Once Altria add 10% more, Atria's stake will be 55% and that would make Altria, Chair of Board.
3. When Altria has full control of the company, they will have 2 options. Either buy out or keep CRON as separate entity.
CRON's New PT:
1. Altria buy out CRON: There's no way they would pay the top dollar when they have a full control of the board. I would say not more than $16. If they chose to buy out, they would not wait longer....2. Separate entity: My PT will remain at $120.
7 Comments
정보 감사합니다
ReplyDelete감사합니다
ReplyDelete고급진 정보 감사합니다. 이 말씀은 아직은 기다려야 할 때라는 거죠? 저 지난 두 달 동안 LRHR님 말씀과 정반대로 행동하는 적이 많아서 결과가 low return high risk에요. 이제 정말 시스템대로만 움직이겠다고 다시 다짐해 봅니다.
ReplyDelete좋은 정보 감사합니다.
ReplyDelete내릴때까지 스윙으로 이익실현해야겠네요.
감사합니다.
ReplyDeleteThanks! You are very informative and kind. ^^
ReplyDelete정보 감사합니다. CGC. CRON.매수 타이밍 . 엘님 명령 기다립니다.
ReplyDeleteㅎㅎ
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