This Company Proves the "Ten-Bagger Stock" Is No Myth
Back in August 2011, for the very first edition of Private Briefing, I recommended a Belgian biotech firm that I said was “like buying an independent drug development lab” for less than nine bucks a share – $8.60, in fact.
I zeroed in on the company’s collaborative partnerships on a whole slew of drug development programs.
Now, I love to see this in a biotech stock, because it means that some of the usual risks of owning a small, clinical-stage company – running out of money, or the risk of one trial failure wiping out the firm – were minimized.
That arrangement was critical in the massive, almost tenfold gains that followed. (And, as you’ll see, it’s going to be just as important in the bigger gains I see down the road for the folks who bought this company.)
I’ve recommended these shares for my subscribers more than a dozen times since, each time before a fresh bumper crop of profits. This company has given more than 931% in peak gains for Private Briefing subscribers, and a market-crushing 26% since I first shared it with Money Morning Members in September 2016.
There’s a very specific reason I see these gains getting even bigger for everyone in the future…
Tags: Stocks
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