For those fishing in the new hot areas of the market (online gambling, electric cars, better-for-you, etc.) Two years ago Tilray came to market. Peter Thiel was invested. $150B TAM. Tilray went public at $17/sh and peaked at $300/sh. Today the stock is priced at <$5/sh.pic.twitter.com/uvQUn7oZIP
has there even been an example of a ceo saying “you should comp us not against [A] but actually [b]” and the company didn’t resolve to [a]
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Eventually all companies get the peer comparisons they deserve. Public markets will give you the benefit of the doubt if you orient them to the right benchmarks and deliver. If you don’t... watch out below.
End of conversation
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