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Originally Posted by fleury
Re: WEED, with the p/e already being so high compared to the alcohol or tobacco industry, and with so many players in the market and very little difficulty getting into the market, I don't see the full growth potential for it to get to $200. That's my unscientific belief, but how do you see it at a $200 valuation in the future?
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Untapped market potential throws everything else out of the window. Sure there will be ups an downs, but we are not talking about the stock price of a tech company going crazy despite the company itself losing millions, even billions every year with no plan at all how to turn a profit.
The marijuana industry will be an absolute monster. We have alcohol companies right now that are valued at a $100b. I don't think the stock price for the leaders in the field has anywhere to go but up.
I also don't think anyone has a clue how to judge it properly either.
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Care to talk about the Constellation Software co?
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Big successful Canadian tech company with a huge portfolio in many different industries that provides mission critical services and software to hundreds of thousands of customers with a nice steady growth curve and great leadership. Should be hired on the spot to fix the Phoenix pay system issues.