Midas Letter and C-Suite are excited to announce Midas Letter LIVE. Midas Letter highlights the stocks and stories to watch in the Canadian markets today. Host James West is a recognized authority on investing in the emerging company segment having been a regularly featured guest on Business News Network, CNBC, Bloomberg, Reuters, and CTV. James West and guests provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business. Midas Letter is excited to feature all investing content on C-suite.
Analyst Dmitry Zaytsev discusses recent market events and shares his current investment strategies. Zaytsev reveals he tried to buy CannTrust Holdings Inc (TSE:TRST) (NYSE:CTST) (FRA:C9S) after the company missed its earnings targets. Zaytsev used a stop-loss on the trade and emphasizes the importance of proper risk management when trading. Zaytsev believes valuations in the cannabis space are artificially high right now; however, US MSOs have a much greater potential market and still represent a better value proposition, according to him. He notes that Ontario’s retail lottery rollout was underwhelming and warns about similar disappointment when edibles are legalized. Zaytsev examines Tilray Inc’s (NASDAQ:TLRY) (FRA:2HQ) downward trend and is concerned by insider share selling, recency bias, and unimpressive financials. He notes there are still “pockets of value” in cannabis space such as companies with high-value indoor grow, brick and mortar retail, and cheap cultivation and production costs.