If You’d Invested $1,000 in Home Depot Stock 44 Years Ago, Here’s How Much You’d Have Today
If you had invested $1,000 in Home Depot (HD) at its initial public offering (IPO) in 1981, you would be sitting on shares worth more than $12 million today, thanks to the company’s extraordinary growth.
Here you will find a brief history of HD’s remarkable success and massive returns, and an illustration of the value of a buy-and-hold strategy with high-quality stocks.
Brief History of Home Depot (HD)
Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, HD has become the largest home improvement retailer in the U.S. It introduced warehouse-style stores, offering a wide range of tools, construction products, and appliances at competitive prices to fulfill its vision of creating a one-stop shop for…
