Could Nike Be a Millionaire-Maker Stock?
The Nike (NYSE: NKE) brand needs no introduction. It's one of the largest apparel brands in the world, with $41 billion in trailing-12-month sales. Nike generates more in net income every year than some top apparel brands make in revenue.
Size can be a heavy anchor on future returns as products get more saturated in the marketplace. That's the conventional wisdom, but looking at Nike's returns over the last five-, 10-, and 20-year period shows a stock that has consistently delivered high returns to shareholders.
An investment made in June 2000 would have compounded at a rate of 17.24% per year, turning a $10,000 investment into $241,000 with dividends reinvested. From June 2010, the annualized return accelerated to 20.44%. And over the last five years, the stock has returned 15.92%, which would have doubled your money.
Source Fool.com