This Stock Could Be Like Buying Amazon in 1997
By: Taylor Muckerman
A heavily doubted Canadian company has been quietly making people rich since it went public, including one lucky insider — a ski-bum with strong coding skills — whose stake in the company is now worth more than $2.8 billion.
But that’s not why investors are buying shares hand over fist right now. The real reason is that they think this stock will make them rich too.
You see, this company has signed huge deals with industry titans that should supercharge its growth for years to come. Cash from those deals is rolling in, sending the stock price higher.
The stock is already up 152% over the last year. Better yet, we think this stock has plenty of room to run. Especially with the stock market as hot as it is.
The market is rocketing higher every day, and it’s starting to feel like we’re at the beginning of something special.
In fact, I think we’re about to enter the greatest part of this company’s growth story.
If that seems like a bold claim, just consider the signs staring us in the face…
The S&P/TSX is already up nearly 14% since the start of the year.
The Dow Jones just crossed 27,000 for the first time in history.
The Federal Reserve is finally raising interest rates – an action that many investors see a ringing endorsement for the strength of the global and US economy..
Bay Street investors are abandoning bonds and piling into stocks.
The list of promising signs goes on and on. Add it all together and it looks like we could be sitting on a powder keg of market potential that’s unlike anything we’ve seen in a recent memory.
That’s why I’m strongly urging all investors to get in on the action now. Before it’s too late.
And what better way to get started than with what I consider to be the most promising young company on my radar?
This company is my top pick for 2019 and it comes straight from renowned investor Iain Butler and his team, whose investing newsletter Motley Fool Stock Advisor Canada has more than DOUBLED the market over the last 5+ years.
We think the company is strikingly similar to an early Amazon.com, which David Gardner (Motley Fool co-founder) recommended for the first time back in 1997. If you’d bought $5,000 worth of stock back then, it would be worth more than $2.3 million today.
First, with a market cap of around $39.5 billion, this stock still has room to grow.
And like Amazon, this company has been growing like gangbusters!
The company already has hundreds of thousands of small-business customers, alongside massive partners like Facebook and even Amazon itself.
Even more exciting, the company has increased its volume 56% over the most recent fiscal year, and grown its sales by another 48% year over year in the most recent quarter alone.
This amazing company has put together an incredible string of successes since its IPO, and the market has rewarded early investors. More importantly, I think it’s just getting started.
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Financial data as of Aug. 16, 2019. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. David Gardner owns shares of Alphabet (A shares), Alphabet (C shares), and Amazon. Tom Gardner owns shares of Alphabet (A shares) and Alphabet (C shares). The Motley Fool owns shares of Alphabet (A shares), Alphabet (C shares), Amazon, and Microsoft and has the following options: long January 2021 $85 calls on Microsoft.The Motley Fool has a disclosure policy. Past performance is not a predictor of future results. Individual investment results may vary. All investing involves risk of loss.