Snap-on: A Closer Look At This Dividend Growth Compounder
Snap-on(SNA) Seeking Alpha·2024-03-15 08:59
naveebird/iStock via Getty Images Introduction Legendary investor Peter Lynch coined the term "ten-bagger," which is essentially an investment that appreciates in value ten times its initial purchase price. If you look up the term "ten-bagger" online, you find all sorts of websites and articles that promise you to help find the next ten-bagger. What's so interesting about ten-baggers is that the duration plays an important part. After all, even an investment that returns 1% per year is a ten-bagger after 23 ...