Motley Fool Top Picks for 2021We asked our Foolish writers for their top ideas for 2021 – here are their choices: Ambrose O’Callaghan: Jamieson Wellness Inc.
My top stock for 2021 is Jamieson Wellness (TSX:JWEL). The company is a Toronto-based developer, manufacturer, distributor, and marketer of natural health products in Canada and around the world. Jamieson is one of those rare companies that have thrived during the COVID-19 pandemic. Health conscientiousness has increased around the world, boosting demand for natural health products and supplements.
In the year-to-date period as of Q3 2020, Jamieson had delivered adjusted earnings of $30.3 million compared to $23.8 million in 2019. Jamieson posted 82% growth in its international business in that third quarter. Aging demographics and a shifted health consciousness following the pandemic should bode well for Jamieson. I’m stashing this exciting stock for the long term in 2021.