Should Investors Buy This Hot Growth Stock?
Former Fidelity mutual fund manager Peter Lynch is known for his insightful quotes that can be helpful to investors. One of my favorites is, "It only takes a handful of big winners to make a lifetime of investing worthwhile."
Pharmaceutical behemoth Eli Lilly (NYSE: LLY) proves this point all too well. A $10,000 investment in the stock 10 years ago would now be valued at $91,000 with dividends reinvested. For context, that is triple the $30,000 or so that the same investment would have earned in the S&P 500 over the same time.
This raises a question: Does Eli Lilly have what it takes to make shareholders richer in the next 10 years? Let's consider the company's fundamentals and valuation to get an answer.
Source Fool.com
