1 Stock-Split Stock You Can Buy and Hold for Decades
You might have heard about a trick that racecar drivers sometimes use to make their cars go faster. They put nitromethane in the gas tank. The nitro doesn't need outside oxygen to combust. As a result, it generates a lot more power than gasoline. And the racecar goes faster than it normally would -- at least temporarily.
Stock splits can be kind of like nitro. When a highly priced stock splits into multiple lower-priced shares, retail investors sometimes buy heavily. This causes the stock to surge. As with the nitro and the racecar, though, the catalyst doesn't last very long.
But just because the positive effects of a stock split are only temporary doesn't mean that investors should own the stock for a short period. Here's one stock-split stock you can buy and hold for decades.
Source Fool.com
