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Jacob Legein, CPA

@PeachFinancial

Chartered Professional Accountant | Passed CFA Level 1 | Canadian Corporation, Value Investor, Contrarian Approach

 Ontario, Canada
Joined July 2019
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Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)Photo by Jacob Legein, CPA (@PeachFinancial)
$TLRY $TOU 1/ There was once a company named Crew Energy, I went down from $0.72/share to $0.14/share (80%) - it traded at 0.20 of book value (no intangibles) Nat gas prices were so low and they were living off a line of credit , they were literally negative cash
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2/ they were left for dead and they were pretty much there They were acquired by Tournaline in 2024 for stock equating to $6.69 I still hold majority of that today - that was a 10x investment but I went through a lot of pain Tilray is 0.435 P/ Tangible book with $221M cash
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$TLRY Cash = $221M Market Cap = $391M Tangible Book Value = $811M Price to Tangible Book = 0.48 % of Tangible Book in cash = 27.2% Keeps getting crazier by the day
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$TLRY - trading at 50% of tangible book value - $66M of net Current assets (current assets less total liabilities) - 55% of current share price is cash
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Tangible book value does not include goodwill or intangible assets so it is already at $0
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$TLRY Now sits at 55% cash per diluted share to market price These shorts are so stupid it’s mind boggling You are paying $1.29 per share for a $1B revenue company
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$SKYD - receipts are fresh and the fact people don’t follow my account is their own loss
Image from Jacob Legein, CPA (@PeachFinancial)
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$tlry Tilray does not rise with other marijuana stocks because it’s impact from S3 is said to be not as great as $MSOS Yet on delays it drops more 😂
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$TLRY No volume on this stock today, everyone in wait and see mode on tomorrows news said this before and been wrong almost every time but this can’t go much lower sitting at 51% cash per diluted share to market price Could be a huge pop tomorrow Sell rumour buy news
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$TLRY Institutions won’t touch marijuana stocks until S3 due to regulations - makes sense Except the fact that 15% of the shares are sold short If you cannot hold the stock you should not be able to short the stock Retail has not sold this short …
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The reason S3 and marijuana reform has taken so long is simple, not enough institutional capital. The second big money gets behind these stocks policy will rapidly change. The tipping point is coming $TLRY $MSOS
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$TLRY trading at 60% of tangible book value cash per share of $1.45 means 43% of their market cap is cash Absolutely insane
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$TLRY finishes the day green and everyone realizes they are crazy and over react
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1/ $TLRY Inventory grew by $27M holding them back from being operating and free cash flow positive This is highly correlated with transitioning away from Canadian recreational cannabis ($10M) that alone increased GM% to 39% That flower will be sold in EU medical pipeline
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2/ Tilray is still one quarter away from turning the corner I had a feeling this is how it would look Next quarter FCF positive, continued expanded GM% and continued revenue growth This wasn’t the one the street wanted but it’s getting close
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If $BCE goes any lower the words “take private” will begin to surface Pension funds and other large holders of these equities won’t go quiet into the night Take BCE private at $45
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$BCE / high yield telcos and high yield stocks will continue to sell off as US 10 Yr rises as treasuries are deemed less risky At some point you need to realize these stocks risk profile significantly drops the lower it goes and buy for appreciation lower price = lower risk
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$BCE time to go private - last time the stock looked like this it was in discussion
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$TLRY finishes the day green that is my prediction
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$TLRY this is beyond laughable now - someone show me the short interest, this is probably stock manipulation The stay happens , short sellers pile in , retail stop losses , massive announcement no one was expecting
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