It's not often you can point to a stock with a valuation roughly twice the broader S&P 500 index and call it undervalued. It makes more sense when the company has grown revenue and profits by 300% and 527%, respectively, over the past decade. Factor in a 1,900% gain in the stock price over that time, and you might start calling it downright cheap.
MarketAxess (NASDAQ: MKTX) is the company that put up those numbers and appears to have a long runway ahead. Despite that, the stock trades at the same multiple it has in past years. Investors who pay attention to history can see that could be a recipe for more massive returns over the next five years and beyond.
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Buy This Undervalued Stock Before Everyone Else Does