Why You Should Avoid Sundial Growers Stock Like the Plague

TipRanks2021-02-12

The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundial Growers (SNDL), soaring. The stock went from trading for pennies to one with a market cap hitting ...

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黑色幽默nio
·2021-02-12
給做空機構背書，垃圾
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2
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LeonardKSW
·2021-02-12
如果牛市要來什麼股票都會上的。。。
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- LeonardKSW:
  happy new year
  2021-02-14
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牛气冲天哦
·2021-02-12
機構想做空
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6
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whohaha
·2021-02-12
Horse back canon
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4
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- 老张炒美股:
  看到这种文章，我对于SNDL长期看涨的信心反而更强了。一派陈词滥调，选择性的评价一家本来势头看好的公司，很显然其动机不纯！
  2021-02-12
  Reply
  Report
nic118
·2021-02-12
指數反買別墅靠海
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1
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The stock went from trading for pennies to one with a market cap hitting ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-avoid-sundial-growers-stock-221850893.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why You Should Avoid Sundial Growers Stock Like the Plague</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy You Should Avoid Sundial Growers Stock Like the Plague\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 06:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-avoid-sundial-growers-stock-221850893.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundial Growers (SNDL), soaring. The stock went from trading for pennies to one with a market cap hitting ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-avoid-sundial-growers-stock-221850893.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNDL","symbol_name":"SNDL Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/why-avoid-sundial-growers-stock-221850893.html","article_id":"2110702423","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gHdFELZMFFrhiolh4JnvaQ--~B/aD00MTY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/MBCbByvcQuF3IM3e4llO9w--~B/aD00MTY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/tipranks_452/3db514e648ed07414e197f69b5726815"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/why-avoid-sundial-growers-stock-221850893.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2110702423","pubTimestamp":1613081930,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundia","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNDL":"SNDL Inc."},"translate_title":"为什么你应该避免日晷种植者像瘟疫一样的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNDL":0.9},"content_text":"The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundial Growers (SNDL), soaring. The stock went from trading for pennies to one with a market cap hitting $3.6 billion.\nThe big issue for investors that don’t cash out on these gains is that Sundial isn’t poised to benefit from the potential legalization of pot in the US, which is a big part of the basis for this crowed buying these cannabis stocks. The company is in a much better position now after raising a large amount of cash, but the stock's move doesn’t help change the weak financial prospects of the business.  \nStunning Rally\nBack in early November, Sundial traded at only $0.14. The stock and the company were an afterthought in the industry after reporting Q3 revenues of only C$12.9 million.\nIn the quarter, Sundial saw revenues collapse 36% from Q2 levels as the cannabis company shifts out of the wholesale business to focus on branded cannabis products. The Canadian cannabis sector has a long history of companies shifting from product segments to only rush straight into another competitive segment without any margin power in an oversupplied market.\nDue to the WallSteetBets insanity, the stock almost reached the $4 level today, before giving back some of the gains it made over the past few days. With a current market cap of $3.6 billion, the valuation doesn’t match with a company struggling to generate $10 million in quarterly revenues.\nBetter Financial Position\nSundial is definitely in a better position after this stock rally, since the company has raised $175 million in the last month. On February 2, the company raised $74.5 million selling 74.5 million shares plus warrants at $1. Only a few days earlier, Sundial raised $100 million selling 133 million shares plus warrants at around $0.75 per unit.\nInvestors should note that Sundial rushed out both offerings at $1 or less while the stock sits at $2.38 now. The management team clearly thought the lower stock prices warranted a good price to sell shares.\nThe additional cash could help the prospects of the company where analysts were only targeting 2021 sales of $66 million. Unfortunately though, Sundial is still generating EBITDA losses due to 20% grow margins and the sector is littered with companies trying to alter the product mix to limited success.  \nTakeaway\nThe key investor takeaway is that the recent stock move in Sundial isn’t justified by any changes in the prospects of their cannabis business as the company is locked out of the U.S. market. Sundial has raised a lot of cash to improve the balance sheet, but the company still hasn’t proven any ability to actually sell cannabis, whether wholesale or branded, at solid profits.\nThe WallStreetBets crowd could clearly push the stock higher in the next few days or weeks, but Sundial has no business prospects supporting the stock above $1. Investors should cash out before the stock falls like GameStop previously.\nThe view from the Street is hardly any rosier. Not only does the stock show a Moderate Sell consensus with not a single Buy rating over the past three months, but the current consensus price target indicates ~87% downside risk. (See SNDL stock analysis on TipRanks)\n\n\n\n\n\nDisclosure: No position.\nDisclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":386078152,"gmtCreate":1613121442876,"gmtModify":1704878577341,"author":{"id":"3557575629963896","authorId":"3557575629963896","name":"黑色幽默nio","avatar":"https://static.tigerbbs.com/1e0a1166faa0ed5410c5d3b5c93de803","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3557575629963896","authorIdStr":"3557575629963896"},"htmlText":"給做空機構背書，垃圾","listText":"給做空機構背書，垃圾","text":"給做空機構背書，垃圾","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386078152","repostId":2110702423,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":386025809,"gmtCreate":1613117261801,"gmtModify":1704878545302,"author":{"id":"3569318025811476","authorId":"3569318025811476","name":"LeonardKSW","avatar":"https://static.tigerbbs.com/eeba92ccfc8a91444aa3e36de4a39425","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":0,"idStr":"3569318025811476","authorIdStr":"3569318025811476"},"htmlText":"如果牛市要來什麼股票都會上的。。。","listText":"如果牛市要來什麼股票都會上的。。。","text":"如果牛市要來什麼股票都會上的。。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/386025809","repostId":2110702423,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3568549,"gmtCreate":1613267537700,"gmtModify":1680776883842,"authorId":3569318025811476,"author":{"id":3569318025811476,"idStr":"3569318025811476","authorId":3569318025811476,"name":"LeonardKSW","avatar":"https://static.tigerbbs.com/eeba92ccfc8a91444aa3e36de4a39425","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":386025809,"type":1,"supId":0,"prevId":0,"content":"happy new year","text":"happy new year","html":"happy new year"}],"langContent":"CN"},{"id":386028956,"gmtCreate":1613116289475,"gmtModify":1704878540446,"author":{"id":"3559110509380571","authorId":"3559110509380571","name":"牛气冲天哦","avatar":"https://static.tigerbbs.com/838b17e1b7f715a3460d947be4de21a9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559110509380571","authorIdStr":"3559110509380571"},"htmlText":"機構想做空","listText":"機構想做空","text":"機構想做空","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386028956","repostId":2110702423,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":386015791,"gmtCreate":1613110435013,"gmtModify":1704878504913,"author":{"id":"3571778519712355","authorId":"3571778519712355","name":"whohaha","avatar":"https://static.tigerbbs.com/1b08ca73c571040c25a0582971434805","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571778519712355","authorIdStr":"3571778519712355"},"htmlText":"Horse back canon","listText":"Horse back canon","text":"Horse back canon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/386015791","repostId":2110702423,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3557573,"gmtCreate":1613114722357,"gmtModify":1680776718743,"authorId":3558668509605153,"author":{"id":3558668509605153,"idStr":"3558668509605153","authorId":3558668509605153,"name":"老张炒美股","avatar":"https://static.tigerbbs.com/7d1a4789f55ae75b79db388c2d6e7c47","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":386015791,"type":1,"supId":0,"prevId":0,"content":"<p>看到这种文章，我对于SNDL长期看涨的信心反而更强了。一派陈词滥调，选择性的评价一家本来势头看好的公司，很显然其动机不纯！</p>","text":"<p>看到这种文章，我对于SNDL长期看涨的信心反而更强了。一派陈词滥调，选择性的评价一家本来势头看好的公司，很显然其动机不纯！</p>","html":"<p>看到这种文章，我对于SNDL长期看涨的信心反而更强了。一派陈词滥调，选择性的评价一家本来势头看好的公司，很显然其动机不纯！</p>"}],"langContent":"EN"},{"id":388449063,"gmtCreate":1613089115752,"gmtModify":1704878296003,"author":{"id":"3544011962945188","authorId":"3544011962945188","name":"nic118","avatar":"https://static.tigerbbs.com/a0722ec7cd510541ec451b79be144ee7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3544011962945188","authorIdStr":"3544011962945188"},"htmlText":"指數反買別墅靠海","listText":"指數反買別墅靠海","text":"指數反買別墅靠海","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388449063","repostId":2110702423,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":4,"commentSize":5,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}