Is It Too Late to Get in on This Millionaire-Maker Stock?
Since changing its name from Nuclear Corporation of America, selling off its non-steel assets, and going all-in on steelmaking in the early 1970s, Nucor Corporation (NYSE: NUE) has been a remarkable investment. A single $3,000 investment in the company nearly anytime between 1971 and 1978 would be worth well over $1 million today, between the appreciation of Nucor's stock price and the dividends the company has paid.
Does this mean it's time to look elsewhere? To the contrary, the long-term prospects for Nucor look great, while its stock price represents a solid value. While a $3,000 investment in Nucor today might not make you a millionaire like it would have 40 years ago, it's still an ideal stock to own in a long-term wealth-building portfolio.
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Source: Fool.com
Steel Dynamics Stock
With 3 Buy predictions and 2 Sell predictions the community is currently undecided on Steel Dynamics.
With a target price of 122 € there is a positive potential of 20.13% for Steel Dynamics compared to the current price of 101.56 €.
