Buying TJX Companies Stock Could Be the Smartest Thing You Ever Do

Investors have a few good reasons to be worried about the short-term business outlook for TJX Companies (NYSE: TJX). The off-price retailer just reported its worst start to a fiscal year in decades. Meanwhile, COVID-19 store closures put it in enough of a cash crunch to pause its dividend payment and threaten management's growth investment plans over the next nine months.

Look beyond that troubled period, though, and you'll see how a TJX Companies stock purchase could generate strong returns over the next five years or longer. Let's go over a few reasons why the owner of the Marshall's, TJ Maxx, and Home Goods brands is such an attractive buy right now.

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Source Fool.com