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Tilray: 250 Million Reasons Shareholders Aren't Happy

  Tilray continues to urge shareholders to approve Proposal 1 to lift the authorized share count to 990 million shares. The Canadian cannabis company has proposed a plan to boost FY24 (June) revenue to $4 billion while current analyst estimates are only $1.37 billion. Investors are rightfully balking at the company boosting the authorized shares by ~250 million when organic growth is preferred. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » Tilray  ( TLRY ) had a huge day back in July following earnings as the Canadian cannabis company promoted a $4 billion revenue future in a just a few years. The enormous growth potential propelled the stock higher, but Tilray has to obtain these revenues via major acquisitions causing some heartburn amongst shareholders. My  investment thesis  remains Bearish on the stock due to the rich valuation and major M&A plans ahead. Read the full article on Seeking

ChargePoint: Low Quality Beat

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  ChargePoint beat FQ2'22 revenue estimates, but the losses are mounting. The company guided up FY22 numbers partly due to acquisitions. The stock still trades at an estimated 21x FY23 number leaving limited upside for the stock and reinforcing why venture funds sold 13.8 million shares. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » After  solid FQ2'22 earnings ,  ChargePoint Holdings  ( CHPT ) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My  investment thesis  remains very Bearish on the EV charging station stock on any rallies into the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Sept. 8 Be cautious when analysts struggle to make the bullish case on expen

Jushi: Focus On Progress, Not Perfection

  Jushi Holdings grew Q2'21 revenues 15% sequentially to $48 million. The MSO set aggressive '22 targets for revenues of $400 million and adjusted EBITDA of $120 million for 30% margins. The company is strongly positioned for eventual recreational cannabis sales in Pennsylvania and Virginia. The stock is cheap at ~10x '22 adjusted EBITDA targets of $120 million. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » The  Q2'21 earnings  report continued to show growing pains at Jushi Holdings ( OTCQX:JUSHF ). The budding cannabis MSO (multi-state operator) is trading at yearly lows similar to the whole sector. My  investment thesis  remains very bullish on the stock following the weakness and based on the plans to greatly expand cultivation. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Volta: Another EV Charging Network With Too Many Questions

  Volta goes public via closing the business combination with the Tortoise Acquisition Corp. II SPAC. The company operates an EV charging station network in a competitive space leading to 24 million SPAC shares being redeemed. The stock appears to have an EV of only $1.3 billion, but too many questions exist around charging station network moats to buy Volta. I do much more than just articles at Out Fox The Street: Members get access to model portfolios, regular updates, a chat room, and more.  Learn More » The SPAC craze has left several sectors crowded with newly public companies including the EV charging station space.  Tortoise Acquisition Corp. II  ( SNPR ) just got shareholders to approve their business combination with  Volta   (NYSE: VLTA )  to enter the space. My investment thesis remains negative on the space due to material inefficiencies in the business models. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for

HEXO: Cheap, But Integration Risk Is Concerning

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  HEXO announced a surprisingly large equity offering causing the stock to collapse. The company sold at least 47.5 million units at just $2.95 per share while the stock traded above $7 as recently as June. The stock is cheap here, but shareholders face massive integration risk. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » While cannabis stocks have traded weak since the February peak,  HEXO  ( HEXO ) tops the list with a massive 27.5% loss on just Friday alone. The company has turned a promising acquisition of private Canadian firm Redecan into a horribly timed fund raising. My  investment thesis  remains Bullish on the stock after this massive dip, though my view remains concerned about integration risks of the three acquisitions. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - August 31 Good sign that R

Matterport: Buy These 3D Digital Assets On Weakness

Matterport reported minimal Q2'21 growth due to a shift to subscription models. The spatial data company continues to capture massive growth in the subscriber base. The stock is just too expensive at 20x '22 EV/S targets, but Matterport would be a solid purchase on dips. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » Over the last 5 months, Matterport  (NASDAQ: MTTR )  has traded mostly sideways to down while the business is booming. The company is transitioning the business model to a subscription service hiding the actual growth rates from unknowing investors. My  investment thesis  remains on the border of being bullish, telling investors to snap up the stock closer to $10 similar to the lows from May while avoiding the stock here at $14. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.   

Spirit Airlines: Overlook Recent Hiccups

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  Spirit Airlines cut Q3'21 guidance after a period of strong rebounds from the covid lows in 2020. The airline had to cut nearly 3,000 flights in early August due to internal issues. The stock is cheap back closer to $20 with a path to $4+ EPS in the next few years due to capacity growth. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More » The Delta variant has slightly dented travel demand, but the airline stocks have fallen up to 40% from the recent highs.  Spirit Airlines  ( SAVE ) hasn't helped their case with systems troubles causing the cancellation of thousands of flights. My  investment thesis  remains very Bullish on this stock following this dip as air travel demand remains on track for a full recovery. Read the full article on Seeking Alpha.  Disclosure: No positions mentioned. Please review the disclaimer page for more details.  Update - August 29 TSA traffic has definitely dipped, but Sat. traffi