3 Reasons Chewy Stock Fits Peter Lynch's Blueprint for a 10-Bagger Stock
Many of Lynch's best picks came from consumer stocks.
Overview
Peter Lynch was one of the most successful investors in his day. Between 1977 and 1990, his Magellan fund achieved a 29.2% average annual return.
Much of that success came from his formula of picking 10-bagger stocks, or stocks that could turn a $1,000 into $10,000 over time. Many of these successes occurred in retail stocks, as Lynch picked winners such as Dunkin' and Taco Bell before Yum! Brands acquired it.
Details
Naturally, today's investors want to apply his criteria to find future 10-baggers. Given Lynch's success with finding promising retail stocks, Chewy (NYSE: CHWY) may be another name that fits into Lynch's criteria. Here are three reasons to explain why.
Source
Originally published at www.fool.com.