Doug, doug, doug,
Where, oh where do you come up with your bizarre impressions and inability to do simple math?
b: Internal growth which at best can be 20%/yr for a large Company.
20%!!! Where is that law written? Or are CSCO, DELL, IBM, MSFT, ... and many other large cap, high tech stocks all committing a felony?
Next lesson in math is the rule of 72: i.e. to double in 3 years, one needs about 72 / 3 or 24%CAGR.
e.g. Yr 0 = 1.
Yr 1 = 1.24
Yr 2 = 1.5376
Yr 3 = 1.91 or less than 10% from a double.
We would actually need a 26% CAGR to double in precisely 3 years which happens to be somewhat less than the 30-50%CAGR achieved and forecasted for leaders in this sector.
Now if you want to make an argument that NN is not and will not be a leader, that's completely different.
But your math could be substantially improved.
Ian. |
