Clairvest is a stock that has been a consistent performer both in share price and financially. They do what companies are suppose to do. Make profits, increase those profits, and allow the power of compound interest take over.
Book value growth over the last 5 years has been impressive which has more than doubled. The current market cap of the company is $1.097 B compared to a book value that is slightly higher at $1.197B. It is interesting to note that book value has slightly outpaced share price growth rates which tells me shares are trading lower than historical price to book value metrics.
Over the last 5 years, and even with a global hit to the stock market, Clairvest group grew its share price by 11.55% compounded annually. It is a consistent performer, very boring, and it makes shareholders money in the long run.
How will the company make you money going foreword?
As long as they continue to grow book value at a double digit rate, and they are currently priced below book, you stand to gain a double digit growth rate on your investment.
This is a great addition to a portfolio that is looking for growth but with lower risk.
PS: the stock price was as low as $3.37 on Oct, 2000 compared to todays price of $ 73