First thing to look at is the market cap of the company now and what it will be if it ten bagged. It would need to be about a 2billion dollar company earning around 200million per year on a Price to earnings ratio of 10. This ain’t happening any time soon.
Waiting for ten times your money is very optimistic. If you can get anywhere near 20% return year on year you should be happy.
AJM Price at posting:
8.5¢ Sentiment: None Disclosure: Held
