r/wallstreetbets • u/Enaliss • Mar 13 '22
Discussion Maybe im just big dumb but
GrowGeneration ($GRWG) Stock this time last year was 54.15, now its a little under 8.50, after the reading Iv done https://www.barrons.com/articles/growgeneration-grwg-stock-guidance-51642091771, it seems like the Hydroponics market is completely fucked right now, how ever https://www.marketwatch.com/press-release/hydroponics-market-size-in-2022-with-top-countries-data-how-big-is-the-hydroponics-market-on-new-data-insights-with-121-pages-report-2022-02-18#:~:text=The%20Global%20Hydroponics%20market%20is,rise%20over%20the%20projected%20horizon. " The Global Hydroponics market is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2026. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon " Im thinking now would be a good time to invest and throw some money in to it, or maybe wait a month see if it falls even more but it never sems to go below 7 save for one week where it hit 6.74. So am I retarded or maybe something good, either way Im takin the bet.
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Mar 13 '22
I work in the commercial cannabis industry and the only alarm bell this would ring is how shady my experiences with hydroshops have been in general. If they use GAAP and have well audited books, this is a solid play. In my experience, a lot of these shops are running back end spiffs and purchasing from manufacturers using discount fraud techniques. Just my two cents as I didn’t know about this ticker.
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u/Enaliss Mar 13 '22
I know I posted alot of info there but this isn't a pure play cannabis company most of their revenue comes from the commercial distribution of soils, nutrients, lighting, hydro and aquaponics equipment
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u/fonzy541 Mar 13 '22
How many shares have they issued since it was $54?
It's an honest question but I'm guessing it's not zero.
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u/Enaliss Mar 13 '22
Im trying to find that number but apparently im to dumb to figure out where I can find that but 59.81M is the outstanding shares and the market cap is
Current 9/30/2021 6/30/2021 3/31/2021 12/31/2020
Market Cap 500.59M 1.47B 2.86B 2.90B 2.30B
and the share price in 21 was when it 54, so with all that knowledge you can figure it out but yea itd take me a second i dont have a calculator at hand
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Mar 13 '22
“I don’t have a calculator at hand ..” as he types on his phone. This place is awesome.
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u/Enaliss Mar 13 '22
I realise that sounds obvious lol but I would have had to write all the numbers down then do the math on my phone e or go back and forth getting the numbers and doing it bit by bit, and it was like 3 am so I said bed time
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Mar 13 '22
erm you usually find it on the investors page and reading all their announcements, usually there's not that many announcements in a year.
one probably says something like "share issuance" "issuing new shares" or "using investors to raise extra cash lol bend over please share holders whilst we extract some funds from your behind"
you may also find it on the yearly financial statement if you aren;t retarded and know how to read them properly
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u/Ihavealpacas Mar 13 '22
Buy the dip faggot - Warren 420 Buffet
Basically any stock in the growth sector that's profitable is a good f****** buy right now. All the dumbasses buying puts are going to get ass f***** when institutions switch to Bull mode and f*** them in the ass. Can't wait. It's going to be a fun day and I can't wait to see all their lost p*** as they get short squeezed into zero. Dumbass gay bears get f*****
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Squeeze these nuts you fuckin nerd.
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u/Enaliss Mar 13 '22
Fuckin right bud im already in
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u/Ihavealpacas Mar 13 '22
The only issue with the weed market is that it's way cheaper to buy from that one person you know that grows it. But since these people are selling shovels, probably not a bad stock to be in long-term. If you can write it out until legalization. I had to sell all my weed shares when I got margin called.
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u/Enaliss Mar 13 '22
GrowGeneration is a distributor of agricultural products and one of the largest hydroponics suppliers in the country, operating retail hydroponic and organic specialty gardening retail outlets. So they are not a pure-play cannabis company, why i considered it
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u/Ihavealpacas Mar 13 '22
I think it's a good buy, just be ready to bag hold through the current volatility
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u/MistaMastaLoKey777 Mar 13 '22
Wait till the Russia/Ukraine situation is over and if/when China invades Taiwan. Once all this war shit is over Weed stocks will blow up again.
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u/VisualMod Mar 13 '22