CGC costa group holdings limited
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Massive downgrade by Credit Suisse from $3.70 to $2.80 is...

  1. dabozza
    724 Posts.
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    11/07/22
    12:31
    Post #: 62474350
    Massive downgrade by Credit Suisse from $3.70 to $2.80 is probably the driver of the big movement today. The main reason being the citrus situation.

    Mind you, I still feel there's more downside risk here. Trading at ~1.4 NAV, low growth opportunities, and struggling to find earnings in the current market. A really hard business to make durable profits in it seems.
    CGC Price at posting: $2.54 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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