Since becoming a publicly traded company in 2003, IT distribution company TD Synnex Corp. (NYSE: SNX) has made its investors very, very happy. If you put $10,000 into this stock when went it went public in 2003, your investment would be worth more than $133,000 today. Meanwhile, if you made a $10,000 investment in the S&P 500 at the same time, your investment would now be worth just $37,700. That's outstanding performance. And despite TD Synnex's meteoric two-decade stock run, this company has a market capitalization of less than $9 billion and it's often included in small cap funds. Personally, I would call TD Synnex a "SMID" cap (small cap to midcap) stock. However... Small cap stocks have been demolished so far in 2022. The small cap benchmark index, the Russell 2000 Index, had its worst-ever first half of a calendar year. Year to date, TD Synnex's stock is down more than 20%. But whereas other investors are getting out... I see an attractive entry point for a company that has rewarded investors over the long term... A company with large upside potential, at that... |
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