If you had wished you had invested in one particular company 10yrs ago based on fundamentals. What would that company be?
I know a lot of investors here do not believe in long term buy and hold but I still have faith in long term buy and hold philosophy. So for the purpose of this exercise stocks you recommend you should be comfortable holding the stock for next 5-10yrs as well.
For me that stock would be Monadelphous Group (MND).
The total shareholder return for past 10yrs is 50.1%.
$10,000 invested in MND 10yrs ago with dividends re-invested would be worth around $570K.
Compounded annual growth for 10yrs
Earnings : 39.4%
Cashflow : 41.6%
Dividends : 48.4%
Truely, outstanding and it has achieved this with very minimal debt. Current debt/equity level is 22.6%.
Yes I hold this stock and would be comfortable holding it for next 5-10yrs.
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I looked at Fortesque Metals (FMG) which has a better total shareholder return of 89% for the past 10 yrs.
The only problem is it has never paid any dividends and has a debt/equity ratio of 201%. Something I would be a bit concerned about.
So let us know your pick for the last decade (has to be a local company listed on ASX) which you still believe will be an outstanding investment in the next decade as well.
Cheers,
Oracle.
I know a lot of investors here do not believe in long term buy and hold but I still have faith in long term buy and hold philosophy. So for the purpose of this exercise stocks you recommend you should be comfortable holding the stock for next 5-10yrs as well.
For me that stock would be Monadelphous Group (MND).
The total shareholder return for past 10yrs is 50.1%.
$10,000 invested in MND 10yrs ago with dividends re-invested would be worth around $570K.
Compounded annual growth for 10yrs
Earnings : 39.4%
Cashflow : 41.6%
Dividends : 48.4%
Truely, outstanding and it has achieved this with very minimal debt. Current debt/equity level is 22.6%.
Yes I hold this stock and would be comfortable holding it for next 5-10yrs.
--------------------------------------------------
I looked at Fortesque Metals (FMG) which has a better total shareholder return of 89% for the past 10 yrs.
The only problem is it has never paid any dividends and has a debt/equity ratio of 201%. Something I would be a bit concerned about.
So let us know your pick for the last decade (has to be a local company listed on ASX) which you still believe will be an outstanding investment in the next decade as well.
Cheers,
Oracle.