This Unstoppable Growth Stock Is a Buy
Successful investing mostly depends on two factors. First, investors need to pick quality businesses. Second, wealth building is also more likely if these companies are in essential and growing industries. This is because the best businesses are able to capitalize the most in a thriving industry, which drives their revenue and profits higher.
Health insurance specialist Molina Healthcare (NYSE: MOH) is running a quality business in a flourishing industry (providing health insurance to individuals through government programs such as Medicaid and Medicare). Investors seem impressed as well and have run the stock price up over the past decade by 1,547%. That equates to a 31.5% compound annual growth rate. Yet as impressive as the growth this company and its stock have produced is, the company has what it takes to keep this growth going. Let's look at the reasons why.
With more than 5 million customers of its Medicare and Medicaid programs and state marketplaces in 19 U.S. states, Molina Healthcare is a large-cap stock that many investors probably don't even know exists.
Source Fool.com
