El Nino confirmed. Drought will force PSP to revise their offer further given growth outlook impacts. It's trading above 40x P/E, very rich valuation compared to market sector for agri businesses who trade at ~15x P/E. Wouldn't be surprised to see market sector take a hit in this half which is further downside pressure for CGC.
Time to go short.
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El Nino confirmed. Drought will force PSP to revise their offer...
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