NNI - Got $100? Here's 1 Great Stock To Buy and Hold
Not every good investment is an exciting, disruptive company that's changing the world. Some of the best investments are well-run companies making life a little easier for their customers and increasing sales along the way. Student-loan processor Nelnet (NYSE: NNI) fits into the second category. It's one of the best-kept secrets on Wall Street, with a market cap of only $3.6 billion, even as it gained 33% over the past year. Shares still trade just below $100, and if you have that available for investing after paying your bills and saving for an emergency fund, you should consider buying a share.
Nelnet is known (if it's known at all) for its huge student-loan book, although it operates several businesses that all together make it a financial-services heavyweight. It doesn't originate new loans at this point, though it does carry almost $20 billion of loans on its balance sheet and it expects $2.2 billion in loan repayments over the next few years. So it is relying on its other businesses to provide new avenues for growth.
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Got $100? Here's 1 Great Stock To Buy and Hold