The best-performing stock over the 30 years ending YE 2015?
Balchem Corp
In 1985, Balchem:
- Traded OTC
- Had a $2 million market cap
- Earned $400,000 on $2 million in equity
Would you have bought it? See the financials below for more.
@jasonzweigwsj
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@72types
@jasonzweigwsj
A certain older fund manager did buy it and held it for decades. He still owns it. It became the top contributor to his respectable track record.
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Lawrence Goldstein
"My wife told me either she or those annual reports had to go. Today I must tell you I am a single man."
What a career! Can't think of anyone else who's owned so many great underfollowed stocks—Belridge, Balchem, Hayward, Compass, TPL, etc.
@Overlook_Ignore
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@72types
@jasonzweigwsj
Some older tidbits on it
Per M*: "Balchem enjoys a virtual monopoly in the U.S. because the gases it distributes are hazardous to transport...[because of the] stringent regulatory oversight governing the transportation process, Balchem almost always serves as the sole onsite provider for its customers."
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@72types
@jasonzweigwsj
Where do you pull historical return data ? Anywhere that will include data pre-1980’s?
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