Originally Posted by
Beagle
Yeap, could easily double I reckon mate or quite possibly a fair bit more. 37% earnings growth this year followed by 20% in FY20 and FY21 (1.37 x 1.2 x 1.2) = 1.97 times your money and that's without any PE expansion at all, off by all comparisons in this sector, a very low PE base at present.
I'm sure you do Joshuatree, but not everyone on here understands the fundamentals or the effect of compounding underlying earnings growth. Just doing a bit of vision casting on where this could go and there's a fair bit of supporting historical evidence with SUM other great companies in this sector to support my thesis.
I really think its very important to look at least 5 years ahead on what a company might be valued at and in that regard I see this company having the genuine prospect of replicating the stellar gains of other great retirement stocks in their early years.