10000 shares of GrowLife (PHOT)? | TigerDroppings.com

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Friedrich Nietzsche
Boise State Fan
Member since Apr 2009
752 posts

10000 shares of GrowLife (PHOT)?


SeekingAlpha has me excited. Who else is in?






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2423 posts

re: 10000 shares of GrowLife (PHOT)?


Searching for a little confirmation bias, eh?





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GeauxPack81
California Fan
Member since Dec 2009
4220 posts

re: 10000 shares of GrowLife (PHOT)?


LINK

quote:

GrowLife (PHOT) seems to make sense to a lot of people. It sells gear needed to grow marijuana in your garage or garden. And unlike the others, this really is a marijuana stock. PHOT took off on the legalization of marijuana in two states, and it’s up 300% for the year-to-date, trading at 61 cents a share.

If anything, PHOT should have sold off on the legalization news.

If marijuana becomes legal, why would anyone need to grow their own in a closet lined with tin foil? Folks who grow their own marijuana do so precisely because marijuana is illegal. Once it’s legal, you’re better off just popping down to the pot store.

PHOT has a market cap of $440 million — and no profits. PHOT had an adjusted net loss in 2013 of $2.2 million. Indeed, PHOT has never turned a profit. It only loses greater amounts of money every year even as sales grow.

Speaking of sales, annual revenue came to just about $5 million, and that was driven by loads of acquisitions — not by selling more product.

Sorry if this isn't what you were looking to hear



This post was edited on 4/3 at 2:11 pm


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Friedrich Nietzsche
Boise State Fan
Member since Apr 2009
752 posts

re: 10000 shares of GrowLife (PHOT)?


The 'grow-your-own' companies are gaining some traction. A lot of contracts and acquisitions happening. What gives?





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