The value of their stock has shot up within the last year by a crazy amount, and I expect this company to keep growing as they expand their operation across Canada and the USA.
The graphs on the right show the stock valuation for the past 5 years and the last year, respectively.
Normally I only show one graph, the one for the last five years, but the value of the stock in the last year is the one you want to be looking at.
Ignoring the steep climb at the beginning, what you are seeing is a steady increase in the stock's value. It may be only worth $1.24 per share right now, but at the rate it is climbing it will be worth $2.50 six months from now.
And I expect it to keep going up in value over the next 10 to 20 years, although it should taper off at some point.
My point is that now is the time to buy this stock and then hold it for the next 10-20 years.
Buy it now when it is relatively cheap and then see what happens in the next 20 years.
I wish I had bought this stock when it was only 4 cents per share, but whatever. Hindsight and all that.
This is why it is important to be researching new stocks regularly and then when you see one that looks like it has great potential then you buy it up.
Even a small investment, $100, would have gained a person 2500 shares of CMC back when it was 4 cents per share. That 2500 shares would now be worth $3100, and possibly $6000+ within the next 6 months as the company expands its operations.
Companies which make electric vehicles, hydrogen vehicles, vehicles that run on green fuel... These are the future. Likewise any company that makes those fuels is similarly the future. Any of these Green Tech companies that are small now will be worth a fortune 10 to 20 years from now.
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