Got $1,000? This Unstoppable Growth Stock Could Make You Richer
Rapid growth is usually associated with booming software and internet companies. So you may be surprised to know that the stock I'm discussing today is Lululemon Athletica (NASDAQ: LULU). The "athleisure" trailblazer has seen its market capitalization soar nearly seven-fold over the past five years with revenue and net income registering similar gains.
That kind of expansion is atypical of an apparel business, but Lululemon keeps climbing to new heights. The company recently reported blowout second-quarter financial results, causing the stock price to pop more than 10% immediately after the release.
Yet, even at today's levels, a $1,000 investment in the stock could be a fruitful endeavor for investors. Let's see why that may be the case.
Source Fool.com
