Has REH peaked?, page-73

Appreciate that you're mostly trolling here @crazypunter but I would urge you to think long and hard about what it is you're trying to achieve with your efforts in the market.

If it is punting with small change hoping to generate a thrill, then I will grant you a business like Reece is the wrong place for you. But if you're goal is to generate real wealth on a meaningful part of your personal worth, I would implore you to think about why Reece has been such a dominant company and excellent investment.

By my estimate, @madamswer is slightly undercooking Reece's 5 year number, which I have including dividends at 19.1% annually.

But if you look further back, Reece is a '2000-bagger' since 1980 and a '5000-bagger' since 1974. Thats a compound rate exceeding 22.8% for 37 years and nearly 22% for over 43 years.

I'd be very surprised if Reece is a 2000-bagger again over the next 40 years, but if it can generate 15% annually, it will be a 267-fold return on todays dollar and that sounds respectable enough to me - Eternalgrowth