Can somebody help me understand this paragraph, I don't understand what the author means when saying trading times sale, and book value, also not sure what it means trades hands
Canopy Growth Corp. (TSX:CGC) is a perfect example of the overvaluation plaguing the marijuana industry. It trades at 41 times sales and 6.8 times book value. Analysts do think the company can turn a slight profit in 2018 of a penny or two per share, while the company trades hands at $9.85. That would put it at between 500 and 1,000 times earnings, approximately.
Submitted January 18, 2017 at 06:38PM by dapperD1ng0 http://ift.tt/2jAOWei
No comments:
Post a Comment