Pyxus Goes To Pot

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In October, I mentioned Cornerstone Investments’ warning about Pyxus and presented an optimal collar hedge for Pyxus bulls who wanted to limit their risk. Kudos to Cornerstone: Pyxus is down two-thirds since then. Here, I show how the October hedge ameliorated the decline, and I discuss some considerations for hedged longs now. Pyxus advertises the SENTRI platform for quality control of its tobacco and cannabis crops (via Pyxus). In October, I presented a cost-effective hedge for Pyxus (PYX) shareholders (“In Case “), after the stock had run up nearly 125% in one month. PYX Total Return Price (Forward Adjusted) data by YCharts Since then, shares of Pyxus are down two-thirds. Pyxus Goes To Pot

thumbnail courtesy of seekingalpha.com

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