Pete is one of the directors who bought on market the other day
What I am really excited about is the reinvestment of earnings back into their business. Of the free operating cash flow a large percentage is being put back into larger plantations of the five product lines
Eps growth of double digits for many years to come
Forward Pe of mid 20s is not a stretch if these results are achieved. Sooner or later the market will re rate this back towards $9 in my opinion
I'm all in now with no cash left so hope it finds support in the low 7s
CGC Price at posting:
$7.23 Sentiment: Buy Disclosure: Held