Every few years, the attention of investors will be captured by a stock with a spectacular growth story.
Right now, that stock is NVIDIA (NASDAQ: NVDA) - which naysayers love to hate and fans just adore in general. Locally, a few years ago - that stock was Afterpay, but we've also seen the spectacular rise of companies like CSL (ASX: CSL), Pro Medicus (ASX: PME), Pilbara Minerals (ASX: PLS), Altium (ASX: ALU), WiseTech Global (ASX: WTC), Aristocrat Leisure (ASX: ALL), A2 Milk (ASX: A2M) and Xero (ASX: XRO), to name a few.
So which company will be the next ASX growth darling?
According to Medallion Financial's Michael Wayne, investors should look to businesses with consecutive years of revenue and earnings growth, expanding margins, high return on equity and low levels of debt.
And there's one stock, and one stock in particular, that has captured Wayne's attention for all these reasons and more.
In this episode of The Pitch, Wayne points to a stock that has just turned EBITDA positive and is growing revenues at around 60% per annum. It's also expanding globally with a bigger headcount. To learn which business it is, watch the video or read the transcript below.
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