Intuit (INTU) $620 (Enterprise Software)
Buy on declines and hold, its expensive now but pays off in the longer term.
Intuit has never been cheap, always commanded a premium, so if you don’t get a decent return in the first year, the 5 and 10 year returns have been excellent at 142% and 706%, that’s around 19% and 23% per year.
I owned it for several years before cashing out and didn’t get a chance to buy back
Good growth, solid product line 80+% share of small and medium business accounting with QuickBooks. TurboTax is another market leader with 50% market share in their category.
Credit Karma and Mailchimp round out syngertistic product lines.
They will continue to grow revenues around 12% and earnings around 14% for the next 5 years.