Ever since the Rolls-Royce (LSE: RR) share price skyrocketed, I’ve been hunting for another FTSE 100 company that might do the same.
I get it, that’s a stupid thing to do. Few blue-chips will ever match its stellar turnaround. Rolls-Royce shares are up 669% over two years and 149% over 12 months.
Yet I spotted Rolls-Royce’s potential at exactly the right time, in October 2022. My mistake was to only invest a small chunk of money. Then I banked my 150% gain too soon because I didn’t want to push my luck.
I’m hunting for the next FTSE 100 recovery play
The excitement has died down for now. That’s inevitable, with Rolls-Royce looking expensive at a price-to-earnings ratio of 38.55. That’s more than double today’s FTSE 100 average of 15.4 times.
Its shares were knocked by fears of problems with a part in a Cathay Pacific A350-1000 Rolls-Royce XWB-97 engine. However, the European Union Aviation Safety…
