Is DexCom a Millionaire Maker?

With the company's market cap of $28 billion today, it's important to recognize that DexCom (NASDAQ: DXCM) is already one of the world's biggest medical device manufacturers. It therefore isn't likely to explode higher in value overnight, or even over the course of a couple of years.

If it's going to be capable of making its investors into millionaires, those investors will need to commit a substantial amount of capital to the stock and be patient enough to hold it for the long run. During that period, the company would need to be growing at a moderate to quick pace, and very consistently. Let's assess whether it's capable of doing that before diving into a calculation about what would need to happen.

DexCom makes continuous glucose monitors (CGMs), which you've probably seen people wearing at some point. CGMs are essentially sensors that people with diabetes use to determine with precision when they should use interventions like insulin to regulate their blood sugar to maintain a good state of health and avoid dangerous and damaging symptoms like hyperglycemia.

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Source Fool.com