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7investing Lead Advisor Luke Hallard's top stock to buy in October 2022 is on an incredible run, generating over 200% compound revenue growth over the last five years and forecasting that it’ll double revenues again in 2022!
7investing Lead Advisor Luke Hallard’s October recommendation doesn’t do software, but looking at the financials you could be fooled that this is a SaaS company – the business model has super high quality highly recurring revenues, and has generating free cash flow in the last three quarters.
Transcript
This company launched commercially in the twenty-teens and is on an incredible run, generating over 200% compound revenue growth over the last five years and forecasting that it’ll double revenues again in 2022!
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Hey everyone, I’m 7investing Lead Advisor Luke Hallard.
I’m going back to the well for my October recommendation, putting one of my favourite companies from my personal portfolio back onto the 7investing scorecard for the second time.
I really like the way this company has matured since my original recommendation, especially its penetration into international markets, which opens up significant pathways for continued growth.
My October pick is by no means cheap, but then this company has never really been available at a bargain valuation. They don’t do software, but looking at the financials you could be fooled that this is a SaaS company – the business model has super high quality highly recurring revenues, and is now reliably generating free cash flow.
My October stock recommendation is the category leader in a market that it invented, with the potential of many years of high double-digit growth ahead. If you want to know more, follow the link at the bottom of this video!
I’m Luke Hallard. We are 7investing and we’re here to empower you to invest in your future.
