The Ultimate Growth Stock to Buy With $1,000 Right Now
My ideal growth stock would have a few traits. First, I'd like for it to do business in a large market. I'd also like for the business to be quantifiably better than many of its competitors. And I'd also want it to be a financially strong company. Finding something like this at a dirt cheap valuation would also make it a timely idea.
This is why I'm excited to highlight restaurant company Portillo's (NASDAQ: PTLO) in this article. The market has entirely disregarded the Chicago-based purveyor of Italian beef, burgers, Chicago-style hot dogs, and other local favorites ever since its market debut in 2021. But that's a mistake -- and it's a growth stock worth a $1,000 investment today. Here's why.
I should preface this by saying that there are plenty of businesses with higher growth rates. But what makes a Portillo's investment so compelling is that there's a margin of safety. For starters, the restaurant space is easily understood and isn't prone to innovation cycles like the tech space. One can easily understand the finances of a restaurant and reasonably predict consumer demand.
Source Fool.com
