Sep. 16 at 5:07 PM
$LGCY In Chris Mayer’s 100 Baggers, the core formula relies on finding small initial market caps, high returns on capital (ROIC), an owner-operator leadership structure, and a long runway to reinvest cash at high rates.
LGCY mirrors this framework directly across four core traits:
Micro-Cap Starting Point: Market cap is ~
$135M–
$140M, leaving massive room for multi-fold expansion.
High Return on Capital: Generates an ROIC near ~16–23% (ROE ~19%), proving it earns high returns on invested money.
Owner-Operator Model: CEO/Founder LeeAnn Rohmann holds significant skin in the game, aligning leadership with long-term compound growth.
High-ROIC Reinvestment Runway: Reinvests internal cash flows into opening and acquiring new campuses (e.g., Texas expansion), compounding earnings power over time without heavy debt dilution.
