(Bloomberg Opinion) — It may have been the decade of smartphones, on-demand everything, and Instagram memes, but the prize for the world’s best-performing stock in the MSCI World Index(2) goes to a dairy company in New Zealand.How A2 Milk Co. managed to punch its way to a 16,150% return, in U.S. dollar terms, says a lot about global trends over the past 10 years. That growth now puts it at a market cap of $7.4 billion, a fraction of the $144 billion for Netflix Inc. (which returned 4,000%) but well ahead of comparably sized iconic department store chain Macy’s Inc.Much …read more
Source:: Yahoo Finance
