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How to Find Tenbagger Stocks

I share in this video How to Find Tenbagger Stocks. Buy Market Masters: http://a.co/78lJGFq Visit my blog: http://robinrspeziale.com/blog *** I love re-reading the investment classics. One Up On Wall Street, by Peter Lynch, is one of them. On the back cover of the book, it reads: “…You can discover potentially successful companies before professional analysts do. This jump on the experts is what produces ‘tenbaggers’, the stocks that appreciate tenfold or more and turn an average stock portfolio into a star performer.” And who doesn’t want to find tenbaggers? A couple of tenbaggers in your portfolio can help you beat the market year over year. I’ve been fortunate to invest in stocks that have appreciated tenfold (i.e., $1,000 turns into $10,000), but I’m always looking for more. When I interviewed Canada’s Top Growth Investors (Jason Donville, Martin Braun, Peter Hodson, Martin Ferguson, and Ryaz Shariff) for my book, Market Masters, I learned from them how they went about discovering tenbaggers. The common lessons were: small/mid-cap stocks, low prices, low/ or no dividend, knowledge-based industries (e.g. technology), new products/services, intelligent capital allocators, high rate of growth in book value per share, earnings, and cash flow, etc. As an example, Jason Donville’s investment in Constellation Software is a 30-bagger! (i.e., $1,000 turns into $30,000). There’s more examples in my book. But back to Peter Lynch – he ran the Magellan fund at Fidelity from 1977 until 1990. And his compounded annual return during those 13 years was 29.2%. Remarkably, during his tenure at Fidelity, Lynch bought more than a hundred “tenbagger” stocks, including Fannie Mae, Ford Motor, Philip Morris International, Taco Bell, Dunkin’ Donuts, L’Eggs, and General Electric. But just how did Peter Lynch find those tenbaggers? He offers some hints in his book, One Up On Wall Street: “These are among my favorite investments: small, aggressive new enterprises that grow at 20 to 25 percent a year. If you choose wisely, this is the land of the 10- to 40-baggers, and even the 200-baggers…. A fast-growing company doesn’t necessarily have to belong to a fast-growing industry. All it needs is the room to expand within a slow growing industry.” (p.108) “The best place to begin looking for the [fast grower] is close to home — if not in the backyard, then down at the shopping mall and, especially, wherever you happen to work.” (p.83) “There’s plenty of risk in fast growers, especially in the younger companies that tend to be overzealous and under financed. When an under financed company has headaches, it usually ends up in Chapter 11…. I look for the ones that have good balance sheets and are making substantial profits.” (p.109) “There are three phases to a growth company’s life: the start-up phase, during which it works out the kinks in the basic business; the rapid expansion phase, during which it moves into new markets; and the mature phase, also known as the saturation phase, when it begins to prepare for the fact that there’s no easy way to continue to expand. Each of these phases may last several years. The first phase is the riskiest for the investor, because the success of the enterprise isn’t yet established. The second phase [i.e., rapid expansion phase] is the safest, and also where the most money is made, because the company is growing simply by duplicating its successful formula. The third phase is the most problematic, because the company runs into its limitations. Other ways must be found to increase earnings. As you periodically recheck the stock, you’ll want to determine whether the company seems to be moving from one phase into another.” (p.223-4) “Selling an outstanding fast grower because its stock seems slightly overpriced is a losing technique.” (p.293) *** You can buy a copy of Market Masters: Interviews With Canada's Top Investors on Amazon: http://a.co/78lJGFq Visit my blog: http://robinrspeziale.com/blog Enjoy, and Happy investing, Robin R. Speziale National Bestselling Author; Market Masters *** Disclaimer: Robin Speziale is not a registered investment advisor, broker, or dealer. Viewers are advised that the material contained herein should be used solely for informational purposes. This information is not investment advice or a recommendation or solicitation to buy or sell any securities. Robin Speziale does not propose to tell or suggest which investment securities readers should buy or sell. Viewers should conduct their own research and due diligence and obtain professional advice before making investment decisions. Robin Speziale, anyone associated with Robin Speziale, or anyone interviewed in Market Masters, will not be liable for any loss or damage caused by information obtained in Market Masters or n this video. Viewers are solely responsible for their own investment decisions. Investing involves risk, including loss of principal.