Here's My Top Consumer Growth Stock to Buy Now
My top consumer goods growth stock to buy right now is discount retail chain Five Below (NASDAQ: FIVE). This company isn't curing cancer, splitting the atom, or landing humans on Mars -- it's simply a retail chain that specializes in toys, candy, and other novelty items for teens and preteens.
Nevertheless, this seemingly mundane business can be a spectacular long-term investment. Just ask anyone who bought shares of Five Below's initial public offering (IPO) in 2012. Their investment is up more than 10 times in value from the IPO price of $17 per share in less than 10 years -- returns many investors aspire to.
And the exact factors that made Five Below a winner since its IPO are still working to make Five Below a market-beating investment going forward. Here's why.
Source Fool.com
