Peter Lynch Had a Keen Eye for Spotting Ten-Bagger Stocks. Here's Why On Holding Checks Every Box.
Peter Lynch's favorite investing strategy points to a semi-unknown consumer stock that could still have years of growth ahead.
Overview
Legendary investor Peter Lynch built his reputation on finding "ten-baggers," stocks that rise tenfold, and his favorite hunting ground was not a spreadsheet. It was everyday life.
Lynch urged investors to notice the products and brands people love before Wall Street catches on. Through that lens, one consumer name keeps catching my eye: On Holding (NYSE: ONON), the Swiss maker of the cushioned running shoes that suddenly seem to be on everyone's feet.
Details
Lynch's most famous principle was to buy what you know. If you keep noticing a product in the real world, that observation can be an edge over analysts staring at models. On fits this perfectly. Its shoes, with their distinctive hollow-soled design, have gone from a niche runner's favorite to a genuine cultural staple in just a few years.
Source
Originally published at www.fool.com.