Reading all the commentary and media makes me wonder is this now really the time to do something as stupid as selling at a big loss, after all the only time you really make money in the market is to be brave when others are fearful (per buffet)... Anyway, I've sat back and looked at the FACTS I have put down three reasons why it's time to buy
1. Despite all the noise Costa is still financially very sound, strong demand for its products, over 1.2b in annual revenues, strong tangible assets, and relatively low debt to real asset ratio...I don't think they are in any imminent financial danger 2. Cyclical issues have led to the most recent downgrades and if these cycles turn then we back in growth and significant re-rate
3. Significant shorting has recently damaged the stock but not the underlying business, which is sound -demand for oranges berries mushrooms avocado is growing not decreasing....
so let's all take break and get back into our snack tomatoes or avocado stacks... BE PATIENT
over and out for now
all imho ..dyor
CGC Price at posting:
$3.63 Sentiment: Hold Disclosure: Held
