Is Aurora Cannabis a Hunk of Junk or a Dumpster Diver's Dream?
Terry Booth has a way with words. The founder (and CEO up till a couple of weeks ago) of Aurora Cannabis (NYSE: ACB) recently told BNN Bloomberg, "You can't buy a hunk of junk right now and fix it up."
Booth was seemingly referring to other licensed producers that might not survive the tough times facing the Canadian cannabis industry. But some might think that his comment applies to Aurora as much as it does any other company. After all, Aurora's shares have plunged nearly 80% over the past 12 months. The company reported dismal fiscal 2020 second-quarter results last week.
Is Aurora Cannabis, in Terry Booth's own colorful words, "a hunk of junk" that investors should steer clear of? Or is the stock instead a dumpster diver's dream at its beaten-down valuation?
Source Fool.com
