Stock Split Watch: 1 Magnificent Growth Stock Up 928% in 10 Years to Buy Now and Hold Forever
Stock splits are exciting. Not because they have any impact on the underlying business, but rather because they spotlight businesses whose shares have appreciated substantially. That rarely happens in the absence of financial fortitude, so Stock splits can helps investors suss out superior businesses.
Consider the following list of somewhat recent stock splits. Every company has some sort of competitive advantage, and every stock beat the S 500 over the last five years.
(NASDAQ: MELI) checks the same boxes, but the company has never split its stock, even though its share price appreciated 928% in the past decade.
Source Fool.com
Mercadolibre Inc Stock
€1,537.8
0.990%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 16.53% for Mercadolibre Inc compared to the current price of 1537.8 €.
