The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. On the other hand, if you find a high quality business to buy (at the right price) you can more than double your money! For example, the Auxly Cannabis Group Inc. (TSE:XLY) share price has soared 286% in the last 1 year. Most would be very happy with that, especially in just one year! It’s also good to see the share price up 59% over the last quarter. Also impressive, the stock is up 80% over three years, making long term shareholders happy, too.
So let’s investigate and see if the longer term performance of the company has been in line with the underlying business’ progress.
To quote Buffett, ‘Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide…
