1 Stock I Wouldn't Touch With a 10-Foot Pole
There are a lot of companies out there that I wouldn't ever even think about buying. Sometimes the growth potential just isn't there, or the stock's valuation is too high, or the risks of an investment don't seem to justify the upside. Avoiding them doesn't mean that the underlying businesses are bad, merely that it isn't the right fit for what I'm looking for.
Canopy Growth (NASDAQ: CGC) stock falls squarely within that category. Here's why I wouldn't touch it with a 10-foot pole.
Canopy Growth's primary line of business is to sell marijuana. Its home market is in Canada, though it also has a limited presence in the E.U. and grand aspirations to enter the U.S. market. And therein lies the reasons why I will not ever buy it.
Source Fool.com
