I suppose when you’re involved in the markets for several decades, you’re liable to throw a few surprises to readers. That was the case when I saw our own Louis Navellier’s take on Sundial Growers (NASDAQ:SNDL) stock.
Source: Postmodern Studio / Shutterstock.com
Hardly the soft-spoken type, Navellier gives it to people straight, including some much-needed tough love. Therefore, I was a bit taken aback about his concluding thoughts about SNDL stock.
Acknowledging that Sundial supporters’ patience has been stretched, he stated that “selling out of boredom or panic isn’t a sensible strategy now.” It seems to me that Navellier is suggesting the nothing-to-lose concept: if you’ve already suffered a hefty loss in SNDL stock, you might as well stick around for the ride. Something special might be around the corner.
In fairness, Navellier isn’t just speaking out of his other vocal cord, to put it politely. Rather, he does bring up an interesting point about the cannabis specialist’s pending purchase of Canadian liquor retailer Alcanna (OTCMKTS:LQSIF).
Per my esteemed colleague, “This has game-changing potential, as Alcanna is Canada’s largest private liquor retailer. Impressively, Alcanna operates 171 locations predominantly in Alberta under three retail brands.” On paper, it gives SNDL stock another revenue channel. Further, Navellier mentioned that Alcanna has a history of generating strong cash flow.
For me, the biggest impact isn’t…
