Could Aurora Cannabis Be a Millionaire-Maker Stock?
Marijuana millionaire has a ring to it. But how likely is that Aurora Cannabis could be the ringbearer?
Let’s cut to the chase. Yes, Aurora Cannabis (NYSE:ACB) could be a millionaire-maker stock. Given a large enough initial investment and enough time, many stocks — including Aurora — could generate returns of $1 million or more.
The real question, though, is whether an investor buying a reasonable stake in Aurora Cannabis has a realistic chance of becoming a millionaire from this initial investment over a period of time that’s not ridiculously long. For example, could a $10,000 initial investment in Aurora turn into $1 million within 25 years?
Few stocks can achieve such a feat. To pull it off would require a compound annual growth rate (CAGR) of a little over 20%. Could Aurora Cannabis deliver this level of growth?
– Read the entire article at The Motley Fool.