If you had put $10,000 into Mastercard [NYSE:MA] when it went public in 2006 — reinvesting dividends and somehow resisting every temptation to sell during recessions, lawsuits and tech disruption scares — you’d be sitting on nearly $1.2 million today.
Not bad for a company many investors once feared was a legal time bomb.
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Twenty years ago, Mastercard looked less like a future stock-market monster and more like a financial institution trying to escape its own baggage. The company was tangled in litigation over swipe fees (1), facing competition from early digital-payment upstarts like PayPal and still operating with the sluggish economics of a bank-owned cooperative.
Today, it sits in one of the most exclusive clubs in the market.
Since its May 2006 IPO, Mastercard stock has climbed nearly 12,000% (2). Among companies that were already in the S&P 500 at the time, only Nvidia and Apple have performed better over the same stretch (3).
Link: https://uk.finance.yahoo.com/news/mastercard-stock-climbed-nearly-12-113000038.html