By Matthew Carr Pot stocks are volatile. Though I’m sure you don’t need to be told that.
And even though the sector is getting some mainstream momentum, it remains a speculative area of the market… at least for now.
But that doesn’t mean we can’t apply traditional metrics to cannabis companies.
Besides revenue growth, we’ve looked at price-to-sales ratio, price-to-book ratio and other ways to identify whether these young companies are overvalued or undervalued.
Well, today, we’re going to the extreme. We’re looking at weed stocks using one of the most conservative valuation metrics there is: price to tangible book value (PTBV).
PTBV represents the price of shares …read more
