My $25,000 Stock I've Secretly Been Buying… (HIGH Growth & Undervalued)
My $25,000 Stock I've Secretly Been Buying… (HIGH Growth & Undervalued)
In this video, I share My Biggest Investment – a SECRET Stock I’ve Been Buying Worth Over $25,000 in my Portfolio. Check out my Instagram (nickpeitschinvesting): https://bit.ly/3fkByXC
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In this video, I’ll be sharing why I’ve been buying Trulieve Cannabis stock so heavily over the past few months! Trulieve is one of the largest US multistate operators (MSO) based out of Florida, where they sell medical marijuana products. I have divided this video into 4 parts to make it easily digestible for you – the first part being about Trulieve as a company, the second being Trulieve’s financials, thirdly Trulieve stock valuation, and finally, Trulieve’s future growth potential.
Over the past few years, the US Cannabis market has been growing like a weed – pun intended. In 2019, legal US cannabis sales were $12.1 billion, while in 2020 alone, they grew 46% to over $17.5 billion – which is just ridiculous! So the US cannabis market share was 82% of global sales at the end of 2020, which makes the US one of the best places in the world to invest in cannabis. Personally, I believe Trulieve stock is undervalued and offers a once in a lifetime opportunity right now for individual investors, which have a serious advantage over institutional investors and big money.
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Cheers,
Nick Peitsch, E.I.T.
#Investing #Stocks #Trulieve
Great video Nick… appreciate the comparison with CURA’s numbers. Cheers!
Hey Nick. With the high price of natural gas and oil these days, it would be interesting if you looked at a couple stocks in this area… ie. CNQ and SU. Also, if you get a chance… ENB & TRP. I believe all are looking attractive at current prices. Thanks!
Do you own any stocks in this sector?!
My 9-5 is currently in the cannabis industry and trulieve is one of our biggest clients and one of the biggest players right now. Some guys I’d also suggesting doing research into are Tilray, GTI and Columbia Care.
A P/E of 39 is not really what I call cheap or undervalued ! Great video anyway, I like it !
Nice breakdown! I own this one as well, and overall it’s a pretty solid company.
Imo the firm is undervalued because of the uncertainties regarding to the case of the CEO’s husband. If it turns out that getting the license of Florida was the result of some illegally received advantage there will be consequences. Maybe disqualification or just a slap on the wrist.
Sounds like it’s undervalued! Awesome video 👏