Could Adidas Be a Millionaire Maker Stock?
Whether athletic retailer adidas (OTC: ADDY.Y) can be a millionaire-maker stock depends partly on the amount of money you have to invest. The company most certainly had the potential to be a millionaire-maker stock in 2005 when it was selling for $20 a share. Prior to the recent market pullback, adidas shares were sporting a 578% return on that initial investment. Even now, long-term investors still have a 345% gain over the last 15 years. That handily outpaces the S&P 500's 126% return over the same time frame.
Today, the company is very matured. The likelihood of tremendous year-over-year stock gains has been reduced. It would take a fairly large initial investment in adidas stock to realistically expect gains to reach a million dollars in a reasonable amount of time (say 10-15 years).
Still, adidas is a good stock for the long-term investor.
Source Fool.com
