Investors are likely to avoid a listed stock like Scott’s Miracle Grow (NYSE: SMG) at $90 (near all-time highs) because they can buy 10x as many shares of Cronos Group (NASDAQ: CRON), although they’ll probably make greater RoR with the former and although the latter is unproven.
You know the conversation in their head goes something like “…if it goes from $8.75 to $100 – and I have 1,000 shares, I’ll make bank…”
Unfortunately, the majority of the time those conversations never come true.
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