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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16827799" data-attributes="member: 137766"><p>Covid peak with everyone staying home, made a huge bet on cannabis production (legal) and got smacked by the rapid increase in illegal production that many states do nothing about anymore. And it was a tough spring this year with weather that segwayed straight into recession talk so dealers are running lean inventory, which left a mountain of fertilizer at SMG.</p><p></p><p>My order filled at $42, so we'll see how smart I am, LOL. The dividend is definitely at risk, but a lot of runway for capital appreciation, if leadership actions are effective.</p><p></p><p>EDIT: I should say the legal cannabis companies got smacked by the illegal production and SMG by extension.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16827799, member: 137766"] Covid peak with everyone staying home, made a huge bet on cannabis production (legal) and got smacked by the rapid increase in illegal production that many states do nothing about anymore. And it was a tough spring this year with weather that segwayed straight into recession talk so dealers are running lean inventory, which left a mountain of fertilizer at SMG. My order filled at $42, so we'll see how smart I am, LOL. The dividend is definitely at risk, but a lot of runway for capital appreciation, if leadership actions are effective. EDIT: I should say the legal cannabis companies got smacked by the illegal production and SMG by extension. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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