Why Is Everyone Talking About Charlotte's Web Stock?
2020 has not been a good year for investors of the world's leading CBD oil manufacturer, Charlotte's Web Holdings (OTC: CWBHF). Not only has its underlying business underperformed, but the company's stock price has been slashed in half since the year started. Indeed, an investment of $10,000 in January would be worth less than $5,200 as of July 17. The S&P 500 has barely budged over the same period.
Besides the gloomy financials, however, there is light at the end of the tunnel. Currently, Charlotte's Web is trading for as little as 5 times sales. That's an incredibly cheap price to pay for a high-quality CBD oil company. Today, let's take a look at why I think Charlotte's Web is about to regain its momentum from before the coronavirus pandemic.
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Source Fool.com
