May 2020


Stock I'm watching this month:-

EOF - Ecofibre Limited

Sector: Healthcare
Market Cap: 897.64 Mil
Price/Earnings: 63.33
Price/Book: 16.19
Return On Equity: 42.66%
Return On Assets: 19.83%
Debt/Equity: 2.63%

Reasons to watch: EOF is operating in the cannabis space. It has 3 main subsidiaries which is Ananda Hemp - provides hemp flower extracts, Ananda Foods - provides hemp based food and Hemp Black - develops technology focused on disrupting the works of textiles and materials. The cannabis industry is still developing and EOF has a compelling story for investors who wish to support a company that was born out of a noble cause.

Risk: The cannabis industry is considered speculative, and  with lots of companies competing in this space, it will be hard to pick the winners.

Sentiment: Buy
Disclosure: Held
Current Price: $2.85
My Strike Price: $3 (Morningstar Intrinsic Value: $3.91)


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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