I always keep my eyes open for investment opportunities. The best method is to literally keep them open when you are out and about doing your daily business. This is one of the ways I’ve found multi-bagger stocks over the years. Everyday items can certainly provide investors with good returns, but these companies tend to be what Peter Lynch called “stalwarts” — slow growing companies paying a nice dividend that should form the cornerstone of your portfolio. However, it is the companies behind the scenes or right under… Read More
I always keep my eyes open for investment opportunities. The best method is to literally keep them open when you are out and about doing your daily business. This is one of the ways I’ve found multi-bagger stocks over the years. Everyday items can certainly provide investors with good returns, but these companies tend to be what Peter Lynch called “stalwarts” — slow growing companies paying a nice dividend that should form the cornerstone of your portfolio. However, it is the companies behind the scenes or right under your nose that provide the big growth opportunities. Many years ago, I invested in a company called Flextronics (Nasdaq: FLEX). At the time, the company was providing a lot of the parts and electronics that went inside things like cellular phones. While I was in a Subway sandwich store a few weeks ago, I saw the employees rapidly heat up the sandwiches in a TurboChef oven. I thought a super-fast oven was a neat idea, but also dismayed to learn the company had been purchased in 2008 by Middleby Corporation (Nasdaq: MIDD), a company that designs, manufactures… Read More