Update on the ETF to "get high" and new idea related to the 24/10 post

Below you can see a chart of the EV / EBITDA ratio of some of the players in the ETF industry posted on October 24th.

As can be seen above, a sample of the players in the sector have decreased their valuation (measured by the indicated ratio), by 60% since February, reaching an average of 8x vs the 22x they reached at the beginning of the year.

Regarding "MJ" (ETF of the idea posted on October 24th in this service), I think there is an ETF whose ticker is "MSOS" (see the fact sheet here), that has more exposure than "MJ" to the Cannabis sector in the United States (a country that would benefit from the regulatory change that could happen in the coming weeks / months that I commented on in that post).

On Friday, there was a news story where a Republican congresswoman presented a bill in line with the rational mentioned in my article on October 24th. MSOS and MJ are up 12 and 6% respectively since the afternoon of that day.

I keep my idea and my rational.

Note: This is not an investment recommendation nor investment advice, and we only share our ideas of instruments that we find interesting to look at. You should consult with your Investment Advisor before making any decision to buy or sell any instrument mentioned in this article. The profit or loss of the purchase of any of the instruments mentioned in these notes is 100% your responsibility.