There is no profitability at the moment, everyone knows this....

There is no profitability at the moment, everyone knows this. Yes the share price is based on what the future may bring, that is the definition of a growth stock. If a safe proven profitable company with minimal growth but a steady dividend is more your cup of tea, buy Commonwealth Bank. you made the right call by selling. Any high growth stock is risky. With risk are the greatest rewards. PBH have been growing revenue rapidly every quarter and that is what matters. I agree that the New York model is ridiculous. Cuomo wants all the profits for the state and wants the operators to provide the service out of the goodness of their heart. The fact is the model they offer has to also work for the operators otherwise none of them will get involved and will focus on other states. This should force New York to have a change of heart, Cuomo wont be there forever.