1 Stock That Turned $1,000 Into $32 Million
Over the very long term, the S&P 500 (SNPINDEX: ^GSPC) has produced an annualized return of about 10%, a figure that includes dividends. That's a respectable gain, but some companies have performed significantly better.
Since this company's initial public offering in September 1981, it has generated a monster total return of 3,157,000% (as of May 22), crushing the broader benchmark. This means that had you invested $1,000 over four decades ago, you'd be sitting on an unbelievable balance of nearly $32 million today. This is a truly astonishing outcome.
Continue reading to learn more about this business and its rise, as well as what investors should do with the stock right now.
Source Fool.com
