Many of you are wondering whether Charlotte’s Web is worth staying the course for…
One of our members asked a very poignant question this week that I wanted to make sure got answered, as I know many of you are wondering the same thing.
Otto J. asked, “I keep thinking that Charlotte’s Web Holdings Inc. (OTC: CWBHF) is at a bargain price. Yet each time I turn around it goes lower. Any advice on what is going on with it and will it ever turn back to anywhere its previous price?”
Thanks for the question, Otto.
Pointing to a reason why a stock price is down can provide a certain level of comfort. It’s hard to watch prices fall for a great company without a specific reason.
That’s what’s happening with Charlotte’s Web right now, and it reminds me of the tech boom.
There were a lot of wannabes that went public and went under.
But since that time, think of some of the blowout winners there have been over the years in the space – Amazon, Microsoft, Apple, etc.
I know you have all seen a version of this story.
With a $100 investment in Amazon’s IPO (considering stock splits), that $100 investment was worth about $130,000 on February 20.
Of course, there’s no straight line to success. Amazon faced its share of bumps along the way.
And that’s what we have with Charlotte’s Web. You’re an early insider with your investment, and you’re on a journey directly with the company.
Charlotte’s Web offers some of the best quality products in the CBD space, has an excellent management team, and the company has an inspiring backstory that the world will know.
Not to mention the fact that at The Institute, we firmly believe the CBD market is on track to outpace the cannabis market as a whole by as much as 15 times.
Now is not the time to bail.
Don Yocham, CFA
Executive Director, National Institute for Cannabis Investors
31 responses to “Is Charlotte’s Web Worth Holding On To?”
March 13 2020