09-24-2024, 10:39 PM
Kook 1 Plunging Canadian Stock I m Not Selling!
Investing in equity markets doesn t always require huge capital upfront. Even with small regular investments, one can create significant wea stanley website lth in the long term. If your investment is on the lower side, here are the four Canadian stocks with high-growth potential that are currently trading under $20.Aurora CannabisAmid the recent pullback in cannabis stocks due to speculative trading fears, Aurora Cannabis TSX:ACB NYSE:ACB has corrected over 49% from its recent highs. This pullback provides an excellent buying opportunity, given the sector s high-growth prospects and the company stanley puodelis s growth initiatives.Aurora Cannabis has acquired a significant market share in both the Canadian and international medical cannabis markets. It is focusing on expanding its medical cannabis operations in Israel, France, and Australia. Further, the company s CBD brand, Reliva, has been a hit in the U.S., with Nielsen ranking it as the top CBD product in the United St stanley cup ates. The company hopes that its CBD exper Ykvf Got $1,000 Buy These 4 Cheap Under-$30 Canadian Stocks
Indigo Books Music Inc. TSX:IDG just rang in a 2016 fiscal operating profit of $19.95鈥攊ts largest annual gain since 2010鈥攚hen it managed to generate double this past year s achievement on almost the identical amount of revenue. While there s no do vaso stanley ubt that Indigo s business was stronger six years ago, its current cash positio stanley en mexico n tells a story tha stanley cup t s actually quite good.Indigo is a cash cow. It finished 2016 with $216 million in cash and cash equivalents. That s 43% of its current market cap. It has no debt. Thus, its enterprise value is $291 million. If Heather Reisman were crazy enough to sell the company at $20 per share, the buyer would be paying approximately $11 after backing out the cash.That s a pretty good deal when you consider it earned $1.09 per share in 2016 on the back of double-digit same-store sales at both its superstore and smaller-format locations. Add to this an online business that grew 15.3% in fiscal 2016, and you ve got a stock worth more than $20.Do the mat
Investing in equity markets doesn t always require huge capital upfront. Even with small regular investments, one can create significant wea stanley website lth in the long term. If your investment is on the lower side, here are the four Canadian stocks with high-growth potential that are currently trading under $20.Aurora CannabisAmid the recent pullback in cannabis stocks due to speculative trading fears, Aurora Cannabis TSX:ACB NYSE:ACB has corrected over 49% from its recent highs. This pullback provides an excellent buying opportunity, given the sector s high-growth prospects and the company stanley puodelis s growth initiatives.Aurora Cannabis has acquired a significant market share in both the Canadian and international medical cannabis markets. It is focusing on expanding its medical cannabis operations in Israel, France, and Australia. Further, the company s CBD brand, Reliva, has been a hit in the U.S., with Nielsen ranking it as the top CBD product in the United St stanley cup ates. The company hopes that its CBD exper Ykvf Got $1,000 Buy These 4 Cheap Under-$30 Canadian Stocks
Indigo Books Music Inc. TSX:IDG just rang in a 2016 fiscal operating profit of $19.95鈥攊ts largest annual gain since 2010鈥攚hen it managed to generate double this past year s achievement on almost the identical amount of revenue. While there s no do vaso stanley ubt that Indigo s business was stronger six years ago, its current cash positio stanley en mexico n tells a story tha stanley cup t s actually quite good.Indigo is a cash cow. It finished 2016 with $216 million in cash and cash equivalents. That s 43% of its current market cap. It has no debt. Thus, its enterprise value is $291 million. If Heather Reisman were crazy enough to sell the company at $20 per share, the buyer would be paying approximately $11 after backing out the cash.That s a pretty good deal when you consider it earned $1.09 per share in 2016 on the back of double-digit same-store sales at both its superstore and smaller-format locations. Add to this an online business that grew 15.3% in fiscal 2016, and you ve got a stock worth more than $20.Do the mat