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Even though Aurora Cannabis (NYSE:ACB) stock has fallen throughout 2019, the company still has a market capitalization of around $3.5 billion. But as marijuana stocks are undergoing a major correction with no end in sight, why should investors still consider buying or holding ACB stock?Source: ElRoi / Shutterstock.com Strong Results From a CompetitorOn Oct. 15, Aphria (NYSE:APHA), whose market cap is one-third that of Aurora, reported that its revenue had soared 800% year-over-year to C$126.1 million. Its net income fell 23% to C$16.4 million. Still, Aphria's fiscal 2020 revenue guidance of C$650 million to C$700 million should make investors more optimistic about marijuana stocks.In Aurora's Q4 results, unveiled in September the company reported that its revenue had quadrupled YoY to $C74.98 million. Aurora enjoys leading market share and brand awareness in the Canadian consumer market. Its production increased, and Aurora expects the expansion of its retail infrastructure to enable its revenue...
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says......
Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company's works council. "The works council was recently informed by management about the personnel and financial situation of the company," Brecht told employees. Daimler's works council rules out compulsory layoffs until 2030, Brecht said, adding that voluntary buyouts should be possible but only in a situation when both parties consent....
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be......
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that......
President Tayyip Erdogan said he will discuss the case of Turkish lender Halkbank with U.S. President Donald Trump during talks in Washington next week, broadcaster NTV and other media reported on Friday. Federal prosecutors in Manhattan on Oct. 16 charged the bank with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran, in a case that has strained relations between Ankara and Washington. Halkbank's shares were up more than 4% after Erdogan's reported comments....
