DCC: Catch this horse before it bolts once more
The current drop in DCC’s share price gives investors a golden opportunity to back one of the best performers of the past two decades
DCC’s results came out last week and, as always, didn’t disappoint. DCC has an enviable track record that has served long-term shareholders brilliantly – outperforming the market and delivering uninterrupted double to high-teen growth rates in earnings every year over the past decade.
In 24 years up to this year, DCC’s total return to shareholders was 6,450 per cent: no, there isn’t a decimal point missing there. It is a return 15 times that...
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