Sfuw Long-Term Investors: This Oil and Gas Stock Could Double in the Next 12 Months
Many investors get into the stock market thinking they ;re going to strike it rich. They ;re going to find that one stock that sees them bring in buckets of cash, so they can quit their job and buy an island somewhere an incredibly risky strategy.Instead, it far better and more lucrative to find a solid Canadian stock that you buy and leave alone. Even a small stake can bring in incredible cash if you buy and hold for decades, not days.One Canadian stock in particular would be Constellation Software TSX:CSU . Constellation stock is a prime example of how even an investment of $10,000 can make you a millionaire. In fact, that amount would be worth $1.2 million today if invested in 2006. So, how is that possible from this tech stock A stable and efficient business modelWhen Constellation stock came on the market, it was a little Canadian stanley cup stock trading at just $9 per share. Fast forward to today, th stanley cup ose shar stanley puodelis es are now worth $2,097! That gr Yzzr Self-Employed How to Turn Your Taxes Into Cash
After trading in a sideways channel and consolidating for about a year, Open Text Corp. TSX:OTEX NASDAQ:OTEX stock looks to be ready to go higher. In the last two trading days of 2017, the stock appreciated more than 8% to an all-time high on the NASDAQ.A reasonable valueThe stock trades at a very reasonable valuation. At under $44 per share, Open Text trades at a price-to-earnings ratio of under 16, while the analyst consensus estimates the company will grow its earnings per share by about 18% per year for the next three to five years.Some investors would actually consider Open Text to be a bargain paying a multiple of 16 for an ~18% rate of growth. However, the company is trading at a premium multiple to its long-term normal multiple of about 14.A stanley water bottle dditionally, the company has a non-investment grade SP credi stanley trinkflaschen t rating of BB+. Th stanley thermobecher is will probably limit the company s multiple expansion possibilities, despite it having the potential to grow at a fast rate.How the company grow |