< Assuming UA will be Nike in 10 years, we might expect UA to have a similar market cap to what Nike has today… In this scenario UA’s market cap would grow 159% for a future UA share price of $181 and an annualized return of 10.0%.
Chris, the problem with that calculation is that I wouldn’t hold for ten years until it became an old slow grower. If I bought some, I’d hold it while it was rapid growing and when it slowed down after four or five years I’d probably get out.
Best,
Saul