2024-01-29 02:06:47 ET
Summary
- Hydrofarm stock has decreased since the previous positive perspective article, currently lagging behind other cannabis stocks.
- The potential delisting by NASDAQ poses a challenge for the company, but a reverse-split could help it meet the minimum price requirement.
- Despite challenging fundamentals, Hydrofarm has reduced expenses and generated cash flow, with the potential for significant upside in the future.
- It is a very large position in my model portfolio and could more than double in price in 2024.
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For further details see:
Hydrofarm: Why I Still Think It Could More Than Double