10 Stocks to Last the Decade, Revisited

February 15th, 2007

Fortune should be called, How to Lose a Fortune.

Via: Fool:

Back in the summer of 2000, Fortune, a highly respected publication and home to many fine pieces of journalism over the years, published an article titled “10 Stocks to Last the Decade.”

An easy enough challenge, one might surmise — simply picking 10 companies that would, umm … not disappear. Actually, the article promised more than that. These stocks were specifically predicted to be winners, according to the piece’s introduction:

“Given the market’s recent volatility, a few of our picks could experience drops over the coming months and years. But if you’re a long-term investor, these 10 should put your retirement account in good stead and protect you from those recurring nightmares about the stocks that got away.”

Here’s the list, and how they’ve done since:

Company Returns since August 2000

Broadcom (Nasdaq: BRCM) (78%)

Charles Schwab (Nasdaq: SCHW) (51%)

Enron Oops

Genentech (Nasdaq: DNA) 121%

Morgan Stanley (NYSE: MS) 0%

Nokia (NYSE: NOK) (45%)

Nortel Networks (Nasdaq: NT) (96%)

Oracle (Nasdaq: ORCL) (53%)

Univision (42%)

Viacom Kind of hard to explain

Posted in Economy | Top Of Page

One Response to “10 Stocks to Last the Decade, Revisited”

  1. David says:
    February 16, 2007 at 3:28 am

    Beginning of the end??

    “December sees $11 billion net capital outflow” @ marketwatch.com

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