An Indian Civilizational Perspective

Top 10 Stocks for next 10 years

Here are top 10 stocks that you can keep buying for next 10 years from Morningstar’s Pat Dorsey.

Amgen (AMGN)
Cadbusy Schweppes (CSG)
Dell (DELL)
Ebay (EBAY)
Fastenal (FAST)
Johnson & Johnson (JNJ)
JP Morgan Chase (JPM)
Mastercard (MA)
Medtronic (MDT)
Sysco (SYY)

The real surprise for me – never heard of the company – was Fastenal. Apparently, it rocks! Here is what Pat Dorsey says about it:

Moving from the new economy to the old, Fastenal (FAST) makes my top-10 list hands-down. Distributing fasteners to industrial firms may not sound like much of a business, but it’s generated 20% compound growth and about 20% returns on invested capital for the past decade, and we think there’s a lot more where that came from. Fastenal also boasts a truly stellar management team that’s extremely shareholder friendly–the firm earns an “A” Stewardship Grade, something we don’t hand out lightly. Looking at price multiples, it’s the most expensive stock on my list, but we think that the shares are worth a good deal more based on our discounted cash-flow valuation.

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