Blue Chip Stock #9 – Sociedad Quimica y Minera (SQM; +1,450%)
Sociedad Quimica y Minera (SQM) is a Chilean chemical stock that started making its money with specialty fertilizers and iodine sales. This business was profitable enough, but its huge access to lithium is what really boosted shares in the last decade — to the tune of almost 1,500% gains in 10 years. Lithium is a key component in fast-charging batteries for cell phones and laptops, as well as hybrid vehicle batteries.
SQM has customers in more than 100 countries and generates most of its sales outside Chile, and should see continued success in the years ahead.
10 Blue Chips That Boomed in a Brutal Decade
Article printed from InvestorPlace Media, http://investorplace.com/2009/12/blue-chip-stocks-aapl-azo-abv-ctsh-esrx-gg-oxy-dgx-sqm-swn/.
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