This Stock Turned $1,000 Into $8.7 Million -- and It's Still a Buy Today
If you're looking to build long-term wealth, investing in the stock market is a great habit to get into. Over the past century, the S 500 index has generated average returns of 10.6% annually, showing that patient investors get rewarded in the long term.
Certain companies can go on to outperform the S 500 index over long periods of time. Those great businesses tend to produce excellent cash flow and have some distinct advantages over their competition.
Progressive (NYSE: PGR) is an outstanding example of how quality businesses can provide excellent returns for patient investors. A $1,000 investment in the insurer when it went public in 1971 would be worth $8.7 million today. Here's why the company has crushed it and has what it takes to keep winning.
Source Fool.com
Progressive Corp. Aktie
Hohe Buy- und niedrige Sell-Zahlen bei Progressive Corp. zeigen ein stark positives Sentiment.
Für Progressive Corp. ergibt sich mit einem Kursziel von 219 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 198.68 €.
