January 2020
Stock I'm watching this month:-
EXL - Elixinol Global Limited
Sector: Healthcare
Market Cap: 130 Mil
Price/Earnings: N/A
Price/Book: 0.71
Return On Equity: N/A
Return On Assets: N/A
Debt/Equity: 2.53%
Reasons to watch: EXL operates in the industrial hemp and medical cannabis industry. It conducts business in the US and Australia. Medical cannabis is a new industry and has potential to disrupt the medical industry in the future. However, recently the sector was heavily sold down as supply swamped the market with many companies jumping on the bandwagon. There are 29 medical cannabis related companies in Australia itself!
Risk: EXL could be subjected to a lawsuit in the US regarding the labelling of its products. The industry itself is new and considered speculative.
Sentiment: Buy
Disclosure: Held
Current Price: $0.95
My Strike Price: $1 (Morningstar Fair Value: $1.82)
Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.
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