Could Home Depot Be a Millionaire Maker Stock?
Home Depot (NYSE: HD), the world's largest home improvement retailer, has been an excellent stock to own over the past decade. An investment of roughly $113,000 10 years ago would be worth a million dollars today, equating to a compounded annual return of 24.4%. This trounces the S&P 500, which produced annual returns of 12% during the same time period.
Although the company's sales grew at a 5.2% annual clip over the last 10 years, earnings rose 15.5% per year, showcasing management's adeptness at building a more efficient and cost-effective organization that focuses on the bottom line. Investors looking to get rich from future returns that resemble the past need to consider some important factors. Let's take a look.
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Source Fool.com
