Hey Nerds: Blockchain

[LeafOfFaith]

I know, not comparing the two stocks, just the two situations. I ditched Shopify because I bought into the chatter. I stuck with Fitbit because I was unjustifiably optimistic. This is one of those turning points. If Slack kills it on its next report, it won't be the first time things went totally counter to appearances, and say it does triple, I'll be tres triste over it just like Shop. And if it bombs as one might reasonably expect if we buy into the perception created by a couple of these stories, like Fitbit did, I'll feel so dumb for letting the same situation fool me twice. This is a very tough one for me.

 

[Preston]

Just buy Big Drugs. It's the future! Prohibition is ending!!!! Once in a lifetime opportunity!!!

 

[LeafOfFaith]

So if someone told you guys you could only keep one of your MJ companies, which would it be and why?

 

[Preston]

Green Thumb Industries!!!!

 

[LeafOfFaith]

You did not provide the why. Your answer is disqualified.

 

[CH1]

TRULove.

The CEO is a woman.

The future is female.

 

[Preston]

You did not provide the why. Your answer is disqualified.

They sell drugs at an alarming rate while being very responsible with their capital with huge presence in many profitable states including many who are soon to legalize!!!

 

[LeafOfFaith]

They do have a uh, pretty amazing website.

 

[Preston]

TRULove.

The CEO is a woman.

The future is female.

Also a solid option! Effectively a single state operator but more profitable at the moment!!!!

 

[CH1]

I'm not short many stocks right but I have this one. CTAS.

 

[CH1]

But if you want a place in the Hamptons, theres only one way. Go all in CBII.

 

[LeafOfFaith]

I'm quite familiar with them actually. Why are you expecting them to fall?

 

[LeafOfFaith]

But if you want a place in the Hamptons, theres only one way. Go all in CBII.

Well I do want a place in the Hamptons...

 

[Preston]

But if you want a place in the Hamptons, theres only one way. Go all in CBII.

Forumice owns half the company at the moment. Dont do it though.

 

[LeafOfFaith]

Forumice owns half the company at the moment. Dont do it though.

That just speeds up my plans for my hostile takeover of forumice.

 

[Habsy]

Hostile?

I'll leave the keys with Habspatrol.

 

[Habsy]

I'm quite familiar with them actually. Why are you expecting them to fall?

Restaurants and hotels are a big part of their business.

 

[LeafOfFaith]

Still pretty hostile. Leave them with a Leafs fan.

 

[CH1]

I'm quite familiar with them actually. Why are you expecting them to fall?

I'm spotting relative weakness recently. *chart

fundamentally, they are very tied in to people returning to work at the office (services/supplies, carpet, tile cleaning, etc) and they are pretty richly valued -- 36x forward earnings.

it's not a tech stock so why should it be valued more than it was pre-covid?

 

[LeafOfFaith]

I have a client that competes with them. I actually have done a few deals with them (not in the last few years though). They're a monster, though often tended to get bloated and then had to sell off contracts to guys like my client. But I haven't been thinking about that space at all. A good bellweather is how my client is faring, and I am due to call them about something from a couple of weeks ago. I'll inquire.