CGC
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0.00% $3.19 costa group holdings limited

El Nino confirmed. Drought will force PSP to revise their offer...

  1. vfpa5000000
    637 Posts.
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    20/09/23
    14:36
    Post #: 69937789
    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.
    CGC Price at posting: $2.89 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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