Every member of the K-Call's "One-Decision Club" has special meaning. How often do you feel strongly enough to buy a stock without thinking of selling for years to come?
Expeditors International of Washington, Clorox, Ecolab, and Brookfield Asset Management have all been given the nod on this page, and I am excited to monitor all of them with you.
But this next inductee stands out for a variety of reasons.
My "Call-to-Action" is to bring back the ultimate "one-decision stock" of my career in the Canadian energy success story, Suncor Energy.
First, some history to explain why this is synthetically a second-time admission into the club. I saw something special in the crude oil company in 1994 during my days at Cowen, when Suncor's market cap stood at approximately $500 million.
Today's number? $50 billion. From 1994-2008, Suncor went from a $2 stock to a peak of $80 after several splits. Organic growth without issuing equity was the wildly successful formula as the price rose and rose.
It would not have sufficed to call Suncor the ultimate growth stock. It was the crème-de-la-crème. I took multiple trips to Fort McMurray and Calgary. I held the oil sands in my hands. But most importantly, my host was the 1999 Canadian CEO of the year, Rick George. In all my years of managing money, I never met a more dynamic leader than Mr. George.
Suncor Energy 10-Year Chart: