Is Cava a Millionaire-Maker Stock?
CAVACAVA (CAVA) The Motley Fool·2024-09-09 17:19

The business is strong, and investors should keep it on their radar.Can Cava (CAVA -0.50%) be a millionaire-maker stock? Well, that obviously depends on how much money a person is willing to invest.Cava trades at about 117pershare,asofthiswriting.Letssaythataninvestorbuys7,700shares.Inthisscenario,thoseshareswillcostawhopping117 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 130pershare(ameager11130 per share (a meager 11% gain), the stake would be worth 1 million.Most investors don't have $900,000 lying around -- even ...