Sundial Growers Decline Reflects a Zero-Confidence Environment

InvestorPlace2021-05-13

If management doesn’t believe in SNDL stock, why should you? After jumping to ridiculous heights earlier this year, the auspicious start forSundial Growers(NASDAQ:SNDL) stock looks to be fading in ...

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精彩评论

ASH21
2021-05-13
ASH21
Nice
- MrHappy:
  go
uttermehhnes
2021-05-13
uttermehhnes
The MJ industry as a whole is speculative. Butit will pay dividends (not literally) in the mid tolong run.
- HUATkueh:
  Ok
- Terry1989:
  the media is rubbish, always put a negative headline

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Now, stakeholders are hoping it won’t drop to 40 cents. Maybe the end result won’t be that bad but I’m going to be blunt: I’m staying far away from this situation.\nTo avoid the intense criticism that awaits authors who write one-sided stories, let me present the optimistic case for SNDL stock first.\nFor one thing, we’re in an unusual period in market history where speculation — driven largely by social media — levers outsized influence. Seemingly, equity units are moving back because they’re cheap. Whatever catalysts exist, this is a train you don’t want to step in front of.\nSecond, there might be a technical argument that supports bullishness for SNDL stock. Currently, Sundial shares are straddling their 200-day moving average (which by the way is 32% below the 50 DMA). On paper, this is a sign of worrying weakness. Nevertheless, the 200 DMA also coincides with a long-term support and resistance line.\nBack during the initial onslaught of the novel coronavirus pandemic last year, this level acted as support for SNDL stock. But in late July, shares stumbled below the critical threshold. Toward the end of the year, this level acted as resistance, with Sundial breaking through in late January of this year.\nBecause of the history associated with where the 200 DMA stands now (73 cents), you can make the argument that SNDL stockcan bounce off this line and swing higher. While intriguing, I believe investors and even speculators are best served avoiding this tempting thesis.\nSNDL Stock Taking Cues from the Inside\nAdmittedly, I believe there’s plenty of merit to the technical approach. Basically, this type of analysis studies market psychology. You can frenetically study a company’s financials all you want. Whether those numbers mean anything, the market will represent the ultimate arbiter. With SNDL stock, you can say the market is sending a message loud and clear.\nBut it’s what management is doing that leads me to think that SNDL is merely taking its cues from Sundial insiders. In my last take on the cannabis specialist, I borrowed from David Moadel’s thesis, which stated that Sundialslashing its debt and reducing expendituresindicated that the leadership team was aiming to become a leaner and more efficient operator.\nFrom a cursory perspective, the strategy shift sounds like a rational one. But my argument was that it’s perhapstoorational. While corporate executives can wax poetic about synergies and verticals and whatever meaningless buzzwords they want to throw out, you almost always cut costs because you have little to no confidence in extracting meaningful return on investments.\nAnd isn’t that what’s really going on in this presently sinking ship? You have several major factors that support the broader cannabis argument. In my opinion, the pivotal ones include:\n\nPolitical will to push for full legalization in the U.S., opening doors for a robust “canna-conomy.”\nGrowingpublic supportfor marijuana legalization.\nInflux of demand for holistic solutions for stress and mental health pressures, among other needs.\n\nI’m not going to trash SNDL stock or any other cannabis investment. But it’s very curious that Sundial’s management team is taking a deflationary approach — slashing debt, cutting expenditures — when the opportunity is incredibly inflationary.\nNo, it seems to me that management is acting very rationally. But for obvious reasons, it can’t just admit it has no confidence in the foreseeable cannabis market trajectory.\nRead Between the Lines\nTo be clear, I’m interpreting what management might be thinking. I don’t have any more insight into the strategy making than you do. But again, it just seems odd that a supposedly viable market for cannabis is turning SNDL stock into a basket case.\nUnless of course, the cannabis market isn’t really that hot, at least not as hot as advertised. I’m going to take the Occam’s Razor approach on this. Management is reducing their risk exposure, as are SNDL shareholders because they don’t anticipate a robust growth narrative for botanical products.\nIf that’s the case, you don’t want to play hero with Sundial Growers.\nOn the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":191721477,"gmtCreate":1620909422999,"gmtModify":1634195382490,"author":{"id":"3577357058539261","authorId":"3577357058539261","name":"ASH21","avatar":"https://static.tigerbbs.com/5cd8cba4c931b1a465e4bc427759178a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577357058539261","authorIdStr":"3577357058539261"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/191721477","repostId":1131186381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4322747,"gmtCreate":1620960693345,"gmtModify":1635495623957,"authorId":3576627310629871,"author":{"id":3576627310629871,"idStr":"3576627310629871","authorId":3576627310629871,"name":"MrHappy","avatar":"https://static.tigerbbs.com/db25aeb48bc88043744fb93a4c4c3be2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191721477,"type":1,"supId":0,"prevId":0,"content":"go","text":"go","html":"go"}],"langContent":"EN"},{"id":191407373,"gmtCreate":1620895893592,"gmtModify":1634195485064,"author":{"id":"3574644289619353","authorId":"3574644289619353","name":"uttermehhnes","avatar":"https://static.tigerbbs.com/95209ce8aae372b13f0ebd968d967113","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574644289619353","authorIdStr":"3574644289619353"},"htmlText":"The MJ industry as a whole is speculative. Butit will pay dividends (not literally) in the mid tolong run.","listText":"The MJ industry as a whole is speculative. Butit will pay dividends (not literally) in the mid tolong run.","text":"The MJ industry as a whole is speculative. Butit will pay dividends (not literally) in the mid tolong run.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/191407373","repostId":1131186381,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4313953,"gmtCreate":1620903819689,"gmtModify":1635496276473,"authorId":3572312712757258,"author":{"id":3572312712757258,"idStr":"3572312712757258","authorId":3572312712757258,"name":"HUATkueh","avatar":"https://static.tigerbbs.com/936c7c3c568dece3e2a6ae1a4510ab73","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191407373,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4350219,"gmtCreate":1621215359257,"gmtModify":1635407844346,"authorId":3568630624134613,"author":{"id":3568630624134613,"idStr":"3568630624134613","authorId":3568630624134613,"name":"Terry1989","avatar":"https://static.tigerbbs.com/8272a89e76043ea5cf409608f7f69586","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191407373,"type":1,"supId":0,"prevId":0,"content":"the media is rubbish, always put a negative headline","text":"the media is rubbish, always put a negative headline","html":"the media is rubbish, always put a negative headline"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":18,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131186381"}