Like many marijuana stocks, this pot company loses money and is probably destined for the dustbin of Wall Street history, but it may be setting up for a low-risk, high-reward short term investment. Cannabis Sativa, Inc. (OTCMKTS:CBDS) is involved in many areas of the cannabis industry. There are definitely some lessons to be learned from a situation like this, Here are five things to consider:
This Marijuana Stock Will Probably End Up in the Dustbin of Wall Street History
Radar Screen: This stock got on to my radar screen because it is in the cannabis industry. it has also dropped 70% since September. Anytime that a stock falls that dramatically in such a short period of time, there is always a chance of a rebound or a ‘dead cat bounce’.
Fundamentals: The company has been losing money for years. Last year’s loss was (.20) per