Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock performs well, when investors win, they can win big. For example, the Quanta Services, Inc. (NYSE:PWR) share price is up a whopping 813% in the last half decade, a handsome return for long term holders. This just goes to show the value creation that some businesses can achieve. On top of that, the share price is up 36% in about a quarter. We love happy stories like this one. The company should be really proud of that performance!
Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
To quote Buffett, ‘Ships will sail around the world but the Flat Earth…
