Cronos Group: Still Expensive After The Drop

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About: Cronos Group Inc. (CRON)
by: Taylor Dart
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Taylor Dart
Long/short equity, momentum, gold & precious metals
Summary

Cronos Group is down 65% since its mania high in February.

While revenue growth rates remain strong, the valuation is still not very palatable.

Until the stock can begin a new intermediate uptrend, I see the stock as an avoid.

While it's been a rollercoaster ride for many stocks this year, few investors have had the whiplash that Cronos Group (CRON) shareholders have. The company rocketed higher by 170% to start 2019 and