Over the years the best stocks that I have owned have been what I call the 15%ers. The stocks with 15% revenue growth. The ones that can do this over and over, year after year.
FRE is a stock like that. I bought it in 1994 for $24. I sold some along the way and now I am completely out of the stock. In the seven and one half years that I owned that stock my return was somewhere in the neighborhood of 800%.
GE is another one. I bought it one day simply because it showed up on the New York times 52 week low list. I don't remember the problem, but at the time I did know that this was a company capable of growing revenues at 15%. In the time that I have owned it it has done more than I ever dreamed. Mostly I am out of the stock right now but I do still own 200 shares.
Here is the criteria.
1. The stock must sell for more than $10.00.
2. The company must have been in business for more than 5 years.
3. The company must be growing revenues in excess of 15% per year, or given the market climate must be demonstrating that it can, or will again in the near future.
4. The company must have earnings, No excuses. Not we would have made money from continuing operations but we had this little problem.