2 Growth Stocks to Hold for the Next 10 Years
I advocate for buying and holding stocks for the long term, but 10 years is admittedly a very long time period. It can be hard enough to make an educated guess about a company's prospects over the next three to five years; a decade-long outlook is much harder.
Only with my highest-conviction growth stocks can I advocate for a 10-year holding period. And that's exactly how I feel about home-improvement retailer Floor & Decor Holdings (NYSE: FND) and e-commerce platform MercadoLibre (NASDAQ: MELI). These are two growth stocks for the next 10 years, and here's why.
There's nothing complicated about Floor & Decor's investment thesis. The company is on pace for its 14th consecutive year of same-store sales (also known as comparable sales) growth, showing the appeal of its stores, which offer more flooring options than smaller competitors or big-box rivals. With high comparables growth, stores enjoy solid profitability.
Source Fool.com
