"Small cap? Check. Wide market opportunity? Definitely. High insider ownership and recent insider buying? Oh, yeah. Broken stock price? That, too.
"The stock I'm talking about has all the makings of one of the market's best stocks."
Nine months later
Intrigued by that description? The lead was from last July, and the stock I was talking about was Oakley (NYSE:OO). And what's happened since then? The stock has moved up more than 45%. Yet as you can see in the video below, there are still a lot of reasons why I like Oakley:
Yes, the price is higher than it was in July. But I can assure you that Oakley's founder and chairman Jim Jannard, a man with the ambition to rival $27 billion Nike (NYSE:NKE), did not purchase $20 million worth of shares over the past year and a half simply to earn a 45% gain. Given the turnaround strategy in place and a board with experience at Nike, Bain & Co., Gap (NYSE:GPS), Zumiez (NASDAQ:ZUMZ), Bell Sports, and Major League Baseball, his 65% stake in the company will be worth much, much more a decade hence.
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Tim Hanson owns shares of Oakley. The Motley Fool has a disclosure policy.
