FormerXBC Inc XEBEQ

Your TFSA Just Got a Whole Lot Better

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Motley Fool Adam Othman 9 December 2020 A growth stock One of the best ways to fulfill your short-term investment goals is to look for rapidly growing stocks. The problem with such stocks is that from a value perspective, they are usually not good picks. They might also be a bit risky. But if you had invested $6,000 in your Xebec Adsorption (TSXV:XBC) when 2020 started, your investment would have grown to about $16,000 in less than a year. The stock is trading for a price of about $6.3 a share, and while its a very affordable price tag, the stock is actually very expensive. Its trading at a price-to-book ratio of 7.5 times, and its price-to-earnings ratio is calculated at 239.4 times. And while the current growth spurt was very fast, the company has been a decent grower from the very beginning. Its 10-year CAGR is 39.55%, and if it can sustain it for just one more decade, your 2021 TFSA contributions ($6,000) might grow beyond $150,000. https://www.fool.ca/2020/12/09/canada-revenue-agency-your-tfsa-just-got-a-whole-lot-better/