“This 33-year-old company dominates the consumer market spaces it competes in, has no debt, and is sitting on a cash pile of over $25 billion. In the face of the current recession it continues to do well – unlike many of its competitors,” David Fessler writes for Investment U via Seeking Alpha.
MacDailyNews Note: It’s actually over $30 billion currently.
Fessler writes, “Back in 1982, you could have purchased 100 shares of this company’s stock for $160. Those same 100 shares would be worth roughly $92,000 dollars at today’s split-adjusted share prices. That’s a 5,460% return, something most people won’t ever see in a lifetime of investing.”
“Fortunately for us, this company’s prospects are only looking brighter. In fact, it has plenty of space to grow and do it all over again. And it won’t matter whether you’ve been there from the beginning or jumping into the bandwagon today – the ride looks to be profitable nonetheless,” Fessler writes. “Let me show you a few reasons why this stock belongs in everyone’s portfolio.”
Full article here.
[Thanks to MacDailyNews Reader “GetMeOnTop” for the heads up.]
