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timwest
Sep 26, 2011 5:44 PM

McCormick (MKC) - 20 year weekly chart 

McCormick & Company, IncorporatedNYSE

Description

In hindsight: Notice how a simple company like McCormick (the spice company - who doesn't have McCormick in their kitchen?) has quietly gone from $5 in late 1989 to near $50 in late 2011. That is a 10-fold return or 1000% return (excluding plenty of dividends along the way) in less than 22 years. That works out to an 11% compound rate of return. MKC also paid about a 2%-3% dividend each year. Sometimes the boring, slow-growth stocks do the best over the long term.
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