Reply to Thread

Message

<blockquote data-quote="JD8" data-source="post: 3127875" data-attributes="member: 24">Be careful of this, unless you have a REALLY long term view.&nbsp; I had the same philosophy last year and bought some MO.&nbsp; Well it&#039;s down 15% since then.&nbsp; IT does have a nice dividend but will the political environment in the U.S. it will take forever to see a payoff.&nbsp; That being said, MO and PM have been hit hard, are undervalued, and again have great dividend.&nbsp; So don&#039;t buy these on legalization, buy them because you believe in the stock and see potential upside.If you really want weed stocks you have to look at Canada.&nbsp; I&#039;ve been invested in Aphria (APHQF) for a while.&nbsp; It&#039;s med MJ but got approval to sell oil overseas just earlier this year.&nbsp; It&#039;s had a huge run up and has consolidated ~$9.&nbsp; I don&#039;t necessarily recommend getting into it NOW unless you have a tolerance for pain but long term they are the only company up north with a solid business model and a user friendly access portal.&nbsp; They are an industry leader with the pack far behind for several reasons.Other tickers to watch IVITF (Invictus MD) will be in a good position now that recreational use has been approved in Canada.&nbsp; Also keep an eye on ACBFF (Aurora)Finally, personally I wouldn&#039;t pick an ETF because too many weed stocks suck.&nbsp; ETFs work if you have a sector filed with companies or choices with strong company fundamentals and these companies aren&#039;t just there yet.&nbsp; You&#039;re better off cherry picking and that&#039;s still vegas money IMO.&nbsp; Personally, I do it, but I also read and watch them everyday.&nbsp; Take my opinion for what it&#039;s worth.</blockquote>

[QUOTE="JD8, post: 3127875, member: 24"] Be careful of this, unless you have a REALLY long term view. I had the same philosophy last year and bought some MO. Well it's down 15% since then. IT does have a nice dividend but will the political environment in the U.S. it will take forever to see a payoff. That being said, MO and PM have been hit hard, are undervalued, and again have great dividend. So don't buy these on legalization, buy them because you believe in the stock and see potential upside. If you really want weed stocks you have to look at Canada. I've been invested in Aphria (APHQF) for a while. It's med MJ but got approval to sell oil overseas just earlier this year. It's had a huge run up and has consolidated ~$9. I don't necessarily recommend getting into it NOW unless you have a tolerance for pain but long term they are the only company up north with a solid business model and a user friendly access portal. They are an industry leader with the pack far behind for several reasons. Other tickers to watch IVITF (Invictus MD) will be in a good position now that recreational use has been approved in Canada. Also keep an eye on ACBFF (Aurora) Finally, personally I wouldn't pick an ETF because too many weed stocks suck. ETFs work if you have a sector filed with companies or choices with strong company fundamentals and these companies aren't just there yet. You're better off cherry picking and that's still vegas money IMO. Personally, I do it, but I also read and watch them everyday. Take my opinion for what it's worth. [/QUOTE]

Verification