Is Cava a Millionaire-Maker Stock?
Can Cava (NYSE: CAVA) be a millionaire-maker stock? Well, that obviously depends on how much money a person is willing to invest.
Cava trades at about $117 per share, as of this writing. Let's say that an investor buys 7,700 shares. In this scenario, those shares will cost a whopping $900,000. But if it goes up to $130 per share (a meager 11% gain), the stake would be worth $1 million.
Most investors don't have $900,000 lying around -- even a $10,000 investment is significant for many. For $10,000, one could purchase about 85 shares of Cava. But Cava stock would need to go up a whopping 100 times in value for it to be a millionaire-maker in this scenario.
Source Fool.com