Should Growth Investors Buy This Millionaire-Maker Stock?
Depending on your spending habits and lifestyle choices, $1 million may be enough to live a secure retirement. And with the right investing strategy and a long enough time horizon, this is a very achievable amount for an investment portfolio.
Health insurer Molina Healthcare (NYSE: MOH) has demonstrated its capability of being a millionaire-maker stock over the past 20 years. An initial investment of $46,000 in 2003 has compounded at 17.2% annually and would be worth just over $1 million today.
But does the stock still have millionaire-minting potential? And is it currently a buy for growth investors? Let's dig into Molina Heathcare's fundamentals and valuation to address these questions.
Source Fool.com
