ACB - Down 99.5% Is Now the Time to Buy Aurora Cannabis?
2023-12-06 05:52:00 ET
Two old investing adages might come to mind with Aurora Cannabis (NASDAQ: ACB) . One is the popular mantra "Buy on the dip." The other, however, is a stark warning: "Don't try to catch a falling knife."
Aurora Cannabis has certainly qualified as a falling knife in recent years -- and in 2023. However, there are some signs of hope for the beleaguered marijuana stock. With its shares down a whopping 99.5% since early 2019, is now the time to buy Aurora Cannabis?
Believe it or not, things are actually looking up for Aurora Cannabis. The company announced its fiscal 2024 second-quarter results on Nov. 9. And there was a lot to like.
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Down 99.5%, Is Now the Time to Buy Aurora Cannabis?