A Once-in-a-Decade Opportunity: 1 Magnificent Dividend Stock Down 74% to Buy Now and Hold Forever
Flexible metal hose manufacturers aren't exactly the type of businesses that spring to mind when you think of stocks with market-crushing potential. However, as a leader in this flexible metal hose niche -- primarily corrugated stainless steel tubing (CSST) -- Omega Flex (NASDAQ: OFLX) proves that monstrous returns can come from all varieties of stocks.
From the company's initial public offering (IPO) in 2005 through 2021, Omega Flex produced total returns more than six times higher than those of the S&P 500 index. Even after Omega Flex saw its share price decline 74% in the last few years, mainly due to the cyclicality of its operations and its industry, the company's returns have roughly equaled those of the S&P 500 index since Omega Flex's IPO.
As alarming as this sell-off has been, I can't help but see it as a once-in-a-decade opportunity for investors with the patience to buy and hold for a decade at a time. Here's what makes Omega Flex an attractive investment.
Source Fool.com
