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This Cannabis Sector “Classic Turnaround” Could Be Good for Another 100% in Profits
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Stocks: AAPL, amzn, FDX, NFLX, SBUX

This Cannabis Sector “Classic Turnaround” Could Be Good for Another 100% in Profits

By Greg Miller, Director of Cannabis Investing Research, Money Morning • July 16, 2019

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Greg MillerGreg Miller

Sometimes a company, for whatever reason, just can't get it together.

Maybe it has a bad CEO, or a board that doesn't "get" accountability. Maybe it's doing business in a bad market, or it got beaten in the innovation stakes. Perhaps it's bad luck.

Whatever the reason, the pattern is familiar: The stock price languishes in the basement, headlines run negative, executives get replaced like lightbulbs, and lawsuits fly freely.

That's a pity, because some of these companies boast the infrastructure and expertise that, under the right leadership, could transform them into a gold mine - a true "turnaround."

Some household names that today are worth trillions of dollars combined are onetime turnaround stories: Apple Inc. (NASDAQ: AAPL), FedEx Corp. (NYSE: FDX), Amazon.com Inc. (NASDAQ: AMZN), Marvel Comics, Starbucks Corp. (NASDAQ: SBUX), Netflix Inc. (NASDAQ: NFLX) - all of them were at one point on "death watch."

Reversing such a company's failing fortunes can require deep shakeups, drastic moves, and immense changes...

Fortunately, the twilight end of cannabis prohibition here in the United States provides a business climate where that kind of creative destruction can happen more easily than it might otherwise.

Promising changes are underway at a few companies listed in our proprietary database right now, but one in particular deserves your hard-earned capital - because it has the real potential to return that capital in multiples.

Join the conversation. Click here to jump to comments…

Greg MillerGreg Miller

About the Author

Browse Greg's articles | View Greg's research services

Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.

During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.

After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies.  He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.

… Read full bio

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David Russell
David Russell
3 years ago

Greg, I've been reading your work since January. And I am grateful for your dedication and professional workmanship. I hope to meet up with you one day to shake your hand and to personally say Thank You.

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