Best Growth Stocks To Buy Now Michael Canly Simp
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Posted On: 12/03/2017 10:56:01 PM
Best Growth Stocks To Buy Now
Michael Canly
Simply Wall St.November 26,
Lithium Americas Corp. (TSX:LAC)
Lithium Americas Corp., a resource company, engages in the acquisition, exploration, and development of mineral properties in Nevada. Established in 2007, and currently run by William Hodgson
, the company size now stands at 115 people and with the market cap of CAD CA$1.09B, it falls under the small-cap group.
LAC is expected to deliver a buoyant earnings growth over the next couple of years of 31.89%, bolstered by a significant revenue which is expected to more than double. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. Furthermore, the 98.96% growth in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. LAC’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Check out its fundamental factors here.
Michael Canly
Simply Wall St.November 26,
Lithium Americas Corp. (TSX:LAC)
Lithium Americas Corp., a resource company, engages in the acquisition, exploration, and development of mineral properties in Nevada. Established in 2007, and currently run by William Hodgson
, the company size now stands at 115 people and with the market cap of CAD CA$1.09B, it falls under the small-cap group.
LAC is expected to deliver a buoyant earnings growth over the next couple of years of 31.89%, bolstered by a significant revenue which is expected to more than double. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. Furthermore, the 98.96% growth in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. LAC’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Check out its fundamental factors here.
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