http://profitableinvestingtips.com/profitable-investing-tips/is-this-the-ultimate-recovery-stock
Is This the Ultimate Recovery Stock?
At 7 years into the bull market USA Today looks at stocks that have rewarded patient investors with epic gains. The ultimate recovery stock among this is General Growth Properties.
The bull market turns seven on Wednesday, a happy milestone for just about all investors. But it’s been an even more spectacular period for those who had invested in one of ten stocks in the current Standard & Poor’s 500 index, including real estate investment trust General Growth (GGP), biotech Regeneron Pharmaceuticals (REGN) and sports apparel maker Under Armour (UA). These stocks each scored incredible gains of 1,500% or more during the past seven years since the bull started on March 9, 2009, according to a USA TODAY analysis of data from S&P Global Market Intelligence.
REIT General Growth is the biggest darling of this bull market, up a stellar 7,295% since the bull market started seven years ago. The company, which is based in Chicago and owns shopping malls, has staged strong performance not just in terms of its stock, but also its bottom line. The company posted a net loss of roughly $1.3 billion in 2009, but had posted a net profit of $1.4 billion in 2015. Shares have soared from 38 cents seven years ago to $27.97 today. The stock “did so well because during the great recession ten years ago, General Growth declared bankruptcy (protection) due to a high level of floating rate debt which sent the common stock almost to zero,” says Paul Adornato, research analyst at BMO Capital Markets. “The stock was trading for pennies during this time.”
Those who stayed with or purchased General Growth at the bottom have been amply rewarded. And what other stocks have performed spectacularly during the recovery?
Regeneron Pharmaceuticals
The second stock on the USA Today list rose 3,084 percent during the recovery. According to The Street Regeneron Pharmaceuticals still has potential.
4. http://profitableinvestingtips.com/profitable-investing-tips/is-this-the-ultimate-recovery-stock
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