There is a stock that is traded on the New York Stock Exchange trading around 29 per share. It is not a well known name but it has an amazing track record. Over the last six years, the stock has increased in value by over 11,000%. Actually, 11,202% to be more precise.
First, can you guess what business the stock is in? Not technology, not biotech, not robotics, not 3D printing. As a matter of fact, the company is a real estate investment trust.
As of six years ago last Friday, you would have paid 23 cents per share to buy the stock. Now the stock is trading at 28.82. So, if you had bought 10,000 shares for $2,300 back then, your investment would new be worth well over a quarter of a million dollars.
Of course, if you were willing to speculate, and bought 50,000 shares for a little over $10,000, the investment would be worth almost one and a half million dollars.
Oh, I still haven't told you the name of the company.Here it is: General Growth Properties, Inc (GGP). The stock trades at 42 times trailing earnings and 18 times forward earnings. It sports a yield of 2.4%.