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  5. GLXY: Would you kindly pick 4 stocks (at least 1 of which is a Canadian stock) that you believe could increase in value by 1000% over the next 10 years. [Galaxy Digital Holdings Ltd. ordinary shares]
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Q: Would you kindly pick 4 stocks (at least 1 of which is a Canadian stock) that you believe could increase in value by 1000% over the next 10 years. Each must have a current market cap of at least $750M. Please provide a short reason for selecting each stock. Thank you.
Asked by Richard on January 08, 2024
5i Research Answer:

It is of course a tough 'ask'. Smaller and riskier stocks, of course, have a better chance of achieving such gains, but come with a lot more risk.  Here are four mid cap names, which we think have solid potential, with at least some downside protection. In other words, not 'long shots' but ones which could do very well under the right conditions, but still be around (and probably profitable) if market/economic conditions deteriorate. We have reports on three of these so will be quite brief: 

LMN: following the CSU template, we expect good acquisitions and no new stock to be issued. So far so good, with strong growth and institutional interest.

WELL: The company should be able to keep growing and buying other companies within a fast-growing overall niche.

GLXY: This is going to depend on cryptocurrencies, but if they move then GLXY should do very well. It is still on the small side, but management is well-regarded and as the sector grows it should be well-positioned. 

GSY: Very cheap, very well-managed, and high market share. Good growth potential in an expanding overall market.