A Chip Giant in GARP Territory
The growth investor in me wants to own a company that can grow its business faster than 20% per year over the next five years. The value investor in me wants to purchase that growth at a reasonable price. The income investor in me wants to collect a healthy dividend. All of them want to own an industry leader with a strong track record that will be around for many years to come.
How can we find such an investment? If we screen out companies that have a market cap of less than $10 billion, there are hundreds of companies growing at 20% or higher. If we refuse to accept any company with a forward price-to-earnings ratio that is higher than its growth rate -- eliminating any company with a P/E-to-growth ratio greater than 1 -- there are still dozens of companies from which to choose....300 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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