If You Invested $10,000 in Eli Lilly in 2013, This Is How Much You Would Have Today
Eli Lilly (NYSE: LLY) has been among the hottest growth stocks in the healthcare industry over the past few years. Its robust portfolio of drugs, along with a strong pipeline, has made investors bullish on its future. You might be surprised by the size of the gains the shares have produced over the past 10 years, as well as how much a $10,000 investment would be worth today. I'll also look at whether there's still time to invest in the red-hot healthcare stock.
Going back 10 years to the start of November 2013, shares of Eli Lilly were trading at around $50. If you invested $10,000 in the business back then, you would have been able to acquire about 200 shares. There have been no stock splits since, which means that with the healthcare stock, now trading at around $610, has risen by more than 1,100% over the past decade. Those 200 shares would now be worth roughly $122,000.
You may assume that with such lofty returns, the business has been red hot and reporting incredible growth. But if you look at the company's revenue and profit figures over the years, the chart below doesn't resemble what you might expect from a company that has been such a great investment:
Source Fool.com
