RE:New CEO NamedActually we are about to march to 1.50 and then past 2.00 then 4.00. 2023 Will be the next leg up.
Even the guys at Motley Fool agree lol.
https://www.fool.ca/2023/03/05/tfsa-invest-in-these-3-stocks-for-a-real-shot-at-1-million/
Here’s why I love this growth stock for TFSA investors
Enthusiast Gaming (TSX:EGLX) is a Toronto-based company that is engaged in the media, content, entertainment, and esports businesses in the United States, Canada, and around the world. Shares of this esports stock have dropped 74% year over year. Meanwhile, the stock has jumped 18% so far in 2023.
TFSA investors should be eager to get in on the esports space. Grand View Research recently estimated that the global esports market was valued at US$2.00 billion in 2021. The market researcher projects that this market will deliver a compound annual growth rate (CAGR) of 21.9% from 2022 through to 2030.
In the third quarter (Q3) of 2022, this company delivered revenue growth of 17% to $50.6 million and gross profit surged 64% to a record $16.6 million. On February 22, the company announced that Enthusiast had become the number one gaming property for unique visitor traffic in the United States.
Enthusiast stock was trading at $0.91 per share on March 1, 2023. Back in April 2021, its shares hit a three-year high of $10.64. I could snatch up 33,000 shares of this stock for a purchase price of $30,030 today. If Enthusiast managed to climb back to its three-year high of $10.64, that investment would be worth $351,120.