cheap. ” data-reactid=”13″>But buying stocks as they bottom out is not always a profitable tactic. Investors may be catching a falling knife that never rebounds. Let’s dig deeper into one slipping stock, Canadian cannabis company Organigram Holdings (NASDAQ: OGI), and ask whether investors should act now and buy its shares for cheap.
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HMMJ.U data by YCharts” data-reactid=”67″>HMMJ.U data by YCharts
marijuana stock for good. ” data-reactid=”71″>Investors have realized that Organigram is in deep trouble due to oversupply, lackluster performance, and cost-heavy financials. However, the stock is cheap enough that I believe most of these concerns are priced in. For those with a high-risk, high-reward mindset, now is not a bad time to go bargain hunting in Organigram stock. For everyone else looking to buy and hold for the long term, I think it’s best to stay away from this marijuana stock for good.
Zhiyuan Sun has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends OrganiGram Holdings. The Motley Fool has a disclosure policy.” data-reactid=”80″>Zhiyuan Sun has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends OrganiGram Holdings. The Motley Fool has a disclosure policy.
If You’re Considering Buying Organigram Stock on the Dip, Read This. was originally published by The Motley Fool” data-reactid=”81″>If You’re Considering Buying Organigram Stock on the Dip, Read This. was originally published by The Motley Fool
