Here's Why This Growth Stock Under $10 Could Skyrocket
Many investors dream of discovering a growth stock capable of doubling or even tripling their money over the long term. If this is your goal, focus on small, fast-growing businesses with strong economic moats and a pathway to profitability. Soho House & Co (NYSE: SHCO) fits the bill. Let's discuss why it probably won't stay this cheap for long.
Formerly known as Membership Collective Group, Soho House & Co operates a collection of luxury-oriented hospitality services such as co-working spaces, a furniture store, and its flagship private members club, Soho House. Founded in 1995 in London, England, the club began as a members-only association for people in the creative industry. Now, it has expanded to 41 locations across North America, Europe, and Asia.
Soho House has an exceptional economic moat -- a term referring to its ability to protect its business from competition. As a luxury service provider, it appeals to people's need for status and belonging. And by focusing on the creative industry, it also offers networking opportunities that could become invaluable to the customer's career or social life.
Source Fool.com
