Could Investing $100,000 in Bristol Myers Squibb Stock Make You a Millionaire?
Some investors view growth or momentum stocks as the key to multi-bagger returns. Others prefer to deep-sea dive for beaten-down assets with rebound potential. The compounding effect of dividend reinvestment over enough time can potentially make it possible to turn $100,000 into a cool million.
So, could this work with roundly unpopular Bristol Myers Squibb (NYSE: BMY) stock? It's an unusual place to mine for millionaire-maker prospects, but Bristol Myers stock is out of favor, and this ought to pique contrarians' interests.
However, before jumping into the trade in hopes of 10x returns, look beyond the share price and dividend yield and consider why investors found fault with Bristol Myers.
Source Fool.com
