Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024
Sun, November 24, 2024

Three Reasons to Avoid TLRY and One Stock to Buy Instead

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -to-avoid-tlry-and-one-stock-to-buy-instead.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
What a brutal six months it's been for Tilray. The stock has dropped 22% and now trades at $1.42, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
The article from Yahoo Finance discusses three reasons to avoid investing in Tilray Brands (TLRY) and one reason to consider it. Firstly, Tilray has experienced a significant decline in stock value, dropping over 95% from its peak, reflecting poor investor confidence. Secondly, the company has been diluting its shares to raise capital, which has led to a decrease in shareholder value. Thirdly, despite its efforts in the cannabis market, Tilray has not managed to achieve profitability, with ongoing losses reported. However, the one reason to consider Tilray is its strategic positioning in the potential U.S. cannabis market; if federal legalization occurs, Tilray could benefit significantly due to its established brand and distribution network. Despite this potential, the article suggests caution due to the current financial health and market performance of the company.

Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/three-reasons-avoid-tlry-one-142805600.html ]