I came across a stock listed on Nasdaq with the name SEZL, which has given more than 40X returns in just one year. I remeber it was listed last year itself on the Nasdaq and since it was not doing great, I have not taken interest on looking at it.
But today, after the Q3 results the stock has given more than 60% returns and that's why it caught my attention again.
PC: Google.com
Since it was not doing great last year, I have never invested in this stock. But I know someone who have invested big in it and thus they got a good amount of money now because in just 1 year the stock has given 40X. I think he has invested around 1 Lakh and thus as of today that has become like 40 Lakhs or more. So yeah it was a risky affair but that has truly paid off.
The company is like a Buy Now and Pay Later scheme, where people can take the credit and then later pay whenever they have the money with them. With people taking more and more credit to fund their lifestyle, these types of companies will work really well. And that's why this has shown the tremendous growth in the last 1 year.
Actually what I have heard about this company is that, they were going to be merged with some other company. When it didn't happened, the stock fell by over 30%. But after that the management have done some remarkable things and here they are, 40X of the stock price in just 1 year, which is remarkable. I don't have the regret as such that I have not bought this shares, might br some other day we can see some shares which gives this great returns too but again this is a great case study that the management can break or make great companies as well as they are the sole reason if the company will give great returns or not.
