The Motley Fool

2010-2019 TSX Growth Kings: 3 Stocks That Had Over 1,000% Returns

Image source: Getty Images

Investors who’ve held shares of three companies from different sectors from 2010 to 2019 are celebrating. All of them have a boatload of cash in the new year. Not one of them regrets investing in the success stories of the decade.

Precious gold

Kirkland Lake (TSX:KL) has shone the brightest, as it was able to disprove the idiom, “all that glitters is not gold,” at least in the past decade. This $9.4 billion gold mining company bested all stocks with a whopping total return of 2,530% with dividends reinvested. Imagine your $10,000 investment growing to $263,018 within the period.

This miner was barely making progress with its first mine in Macassa back in 2010. It was a high-cost project with limited production capacity. The previous owner thought Kirkland was silly even to purchase the flooded mine. It also required a considerable capital to hit management’s production goals.

Fortunately, Kirkland struck gold in the continent down under. In 2016, the company shelled out $1 billion and took over the Fosterville Mine from Newmarket Gold, a gold producer in Australia. Call it luck or vision, but today, Fosterville is one of the world’s highest-grade and most profitable mines.

Overnight cargo sensation

CargoJet (TSX:CJT) came in at the right moment when e-commerce was rising to new heights. Its overnight cargo service is a runaway success story. Based on available data, the stock was trading at only $8.64 per share on February 12, 2012. As of close on December 31, 2019, CJT’s price stood at $103.33.

Had you invested $10,000 in the stock about eight years ago, the total return would be 1,413.31%, bringing the value to $151,349.47 (including reinvestment of dividends). Analysts are forecasting the stock to climb to $130 in the next 12 months, or a 25% increase from its current price of $104.

Along with the option to take a 9.9% equity stake at the airline firm, signed a strategic agreement with CargoJet. The e-commerce giant is now utilizing CargoJet’s overnight air network and charter aircraft services to move packages from Amazon facilities to customers across Canada.

Incredible growth

Enghouse Systems (TSX:ENGH)(NYSE:ESL) is not among the most popular tech stocks, but many investors saw the potential of this software company early on. This $2.8 billion firm specializes in enterprise communications software. After displaying remarkable performance in the last decade, expect the stock to be on many investors’ radars.

An investment of $10,000 in Enghouse at the end of December 2009 produced a total return of 1,166% by year-end 2019. The windfall, including reinvestment of dividends, amounts to $126,648.

Although the operations of Enghouse are smaller in comparison to the likes of Constellation Software, it’s growing by acquiring software companies and consolidating them. The strategy of yearly, multiple acquisitions is highly successful.

Management’s opening salvo in 2020 is an expansion of its product portfolio. The company bought a New Jersey-based Dialogic group for about $52 million. With this acquisition, Enghouse now owns an industry leader in media processing software that it expects to deliver $58-$60 million in revenue in 2020.

Top buys in 2020

While past performance does not guarantee future performance, Kirkland Lake, CargoJet, and Enghouse Systems are likely to continue their winning ways this year.

This Tiny TSX Stock Could Be the Next Shopify

One little-known Canadian IPO has doubled in value in a matter of months, and renowned Canadian stock picker Iain Butler sees a potential millionaire-maker in waiting...
Because he thinks this fast-growing company looks a lot like Shopify, a stock Iain officially recommended 3 years ago - before it skyrocketed by 1,211%!
Iain and his team just published a detailed report on this tiny TSX stock. Find out how you can access the NEXT Shopify today!

Click here to discover how!

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Fool contributor Christopher Liew has no position in any of the stocks mentioned. David Gardner owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon and CARGOJET INC. The Motley Fool recommends Enghouse Systems Ltd.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss an important event.

Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.

This is your chance to get in early on what could prove to be very special investment advice.

Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada.

I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. I understand I can unsubscribe from these updates at any time. Please read the Privacy Statement and Terms of Service for more information.