Renowned investor Tom Gardner has identified a stock that he thinks resembles Facebook in its early days.
And it’s growing at a torrid pace – profit grew 86% over the prior year quarter alone!
But there’s something even more unique about Tom’s latest buy signal that has the investing community bustling.
Tom’s brother David – a legendary investor who picked Amazon at $3.19! – has gone on record also recommending investors buy this same exact stock.
Some investors have come to call this signal a “total conviction” buy sign – and it’s an incredibly rare occurrence. Over 17 years of guiding investors, Tom and David have only ever formally agreed on recommending 21 stocks.
And when they have, the results have been spectacular:
Netflix, which Tom agreed with David on in June of 2007, is a “Total Conviction” pick up 8,760%.
Tesla, which Tom agreed with David on in November of 2012, is up 875%.
In fact, across the 21 stocks Tom and David Gardner have agreed on ... the average return for each stock is an astounding 473% … crushing the S&P 500 by almost 6x!
But here’s the real kicker about this “Total Conviction” buy…
This tiny little internet company is about 1/279th the size of Facebook.
Source:
usatoday
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