Is Madrigal Pharmaceuticals a Millionaire Maker? [Yahoo! Finance]
Madrigal Pharmaceuticals, Inc. (MDGL)
Last madrigal pharmaceuticals, inc. earnings: 2/26 06:50 am
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Source: Yahoo! Finance
After commercializing its first medicine, which treats a condition no other medicines can currently treat, the next step will be for it to chow down on as much of its target market as possible before other players show up. With such a favorable setup, could it be the case that an investment in it made today would lead to building wealth on the scale of $1 million? It's not as unlikely as it sounds, so let's look at the details. There's a path to big growth here For Madrigal to make an investor who bought the stock today into a millionaire, several things would need to happen in conjunction. First, the value of the stock would need to go up by a vast amount over the next decade or two, likely on the order of 10 to 20 times. Second, the investor would need to have committed sufficient capital for that multiplicative growth to yield at least $1 million. In the case of the stock rising by 10X, it'd take a starting investment of $100,000, which is far more than most investors have,
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