MGI is absolutely not worth 6x the current price.

Is there a play to be made with regard to increased movement/turbulence within the housing market? It seems that with the surge in work-from-home, excess people dying (and hence vacating their homes), people moving states more because of political polarization and taxes, there could be a significant uptick in mortgage writing or even furniture sales (basically whatever attends people moving into new places). One counterargument is that people would be less inclined to move into a new house if they were uncertain about where the economy's headed, and may want to hold off on any big purchases until the virus chaos calms down. Maybe I should expect a bunch of new home purchases after the election and once the virus reaches a stasis.

Anyone thought about this and what stocks to position yourselves in? RKT would be a play on increased new mortgages, but I don't know if it's grossly overvalued because it was a WSB hype stock.

Title insurance maybe

is there a consensus stock or stocks to long, that isn't one of these overinflated Canadian stocks, if you assume the scenario of several more states legalizing and Biden/Harris follow through and decriminalize MJ in the Spring?

yeah Green thumb is a decent play. Well run, very profitable, good growth, already vertically integrated in many states

ITB for construction?
RH based on the type of people who can afford moving / 2nd homes / exodus from major cities and how they will buy furniture?

Nice, I have a decent amount of Green Thumb, always good to see any kind of ahnuld endorsement. Any thoughts about Trulieve? That's my biggest MJ holding.

Jesus, look at that chart. I guess I wasn't the only one to have this idea. Already 5x'ed since March.

dont know it so well other than them, GTII and CURA are basically the only investable names in the space.. I have a mgmt meeting with GTII tomorrow, ill update if anything interesting comes of it. Im most curious about their plans post a biden victory under decriminalization and a US listing.

Any update on this, ahnuld? I upped my position in GTBIF when it fell down to the mid 18s the other day and was happy to do so. It seems to me that these OTC weed stocks haven't been getting as much love as the others, to out benefit.

GTII is a decent long term hold. they'll fully list on NYSE when they are allowed, which is likely after decriminalization. in the mean time they are executing very well, posting great results, real cash flow and a lot of growth

Great homework and nice call on MGI

BWMX seems very interesting
no debt, super high growth, capital light business trading at 11x annualized Q3 earnings. 6.5% dividend yield

Market cap is 970M and guidance is 92-103M EBITDA full year 2020.

Year on year revenue growth was 200% in Q3 vs 100% in Q2. With a long history of growing at 30% before that.

Not saying it's not a good investment, especially in this new paradigm where hype stocks that don't really produce anything outperform everything else, but this looks like an MLM for selling cheap home goods. I went to their website, and it looks like you can't actually buy anything there—instead you sign up and your distributor will send you a catalog. Who are these distributors? Get three customers ("associates") together and order $125 worth of products to become a distributor. It seems all distributors and customers (who, as far as I can tell, must order via distributors) receive a 24% discount on what are already surprisingly cheap products.

So something seems pretty fishy about this company. I'd feel like a moron losing money on a Mexican MLM stock. Then again, I'd also feel like a moron losing money on a farce like NKLA, and there was plenty of money to be made there.

Thanks. I believe with this vaccine news and the last quarter showing a healthy profit that the valuation is almost certainly 1.5 billion at minimum. Right now today is the time to buy.

Good interview with investor Puru

https://youtu.be/pQhbqCsNDMY

Even though I'm up over 40% LTM, I re-learned the most important lesson of investing, don't sell your winners.

Stocks I sold out this year: ZM, PTON, PINS, SPOT, LULU, ETSY, CRWD, ROKU. Also CPRI, TPR.

I'm esp upset about the LULU and ETSY sales. I knew they'd be winners [and PINS] due to Covid. I'd probably be up closer to 85-100% this year if I hadn't taken so many profits so early. Even took profits on small part of my AMZN position.

Completely agree, definitely getting better at holding through this experience.

I bought ZM first day of shelter in place in SF (~$105), but my friends convinced me that it would "be commoditized" super fast, and I sold around $150.

Fair enough about it being a mexican MLM business guess it might be fairly valued. I sold out for a quick gain 7% gain. Though if it drops down a bunch I'll be interested

anyone still following BXC? I jumped back in after catching up on it at $25.60

Housing market is very hot and this stock still seems very cheap given where others in the sector are at. Has some big tail winds going for it. It sells housing construction products and lot of it sales go toward single family homes which are booming right now

Just had a 871M quarter compared to 679M same quarter last year
80M ebitda last quarter when they were doing that the whole year before
lot of that increase had to do with lumber prices spiking, and lumber prices are still very high
margins improving with the increase in sales
they lost a big siding product over a year ago and they recovering from that almost replacing those sales by now
net bank debt down to 321M from 630M two years ago
EBITDA 143M LTM, fixed costs including capex/interest payments at 70M
if they keep it up thats likes 70M in free cash flow on a 245M stock

ahnuld, any thoughts on this Green Thumb sell-off? Looks like people are getting spooked due to this: https://www.chicagotribune.com/news/...lgi-story.html

I saw it hit a level of institutional support just now. I'm not an experienced enough investor to know how worried to be about something like this.

no idea, dont own it anymore. Assuming its not true, with NY legalizing GTII should continue to do well. Im assuming if this is nothing they will list in the US before year end

Okay, thanks very much. I hope I'm not getting too greedy with these weed stocks, have profited very nicely but haven't sold anything and in fact have been buying dips on this and TCNNF.

Little bit of NTSFF news. They got a 600k order

https://seekingalpha.com/news/367973...purchase-order

NTS being bought out for 1.25. Not the score I was hoping for but decent considering where it was trading for the last 2 years.