I made a lucky decision with a FTSE 100 growth stock, Prudential, which I sold for a 70% profit just before the 2008 financial crisis. Currently, Prudential’s shares are trading at their lowest level since November 2012, at 720.8p.
Despite being a promising insurance stock with operations in Asia, Prudential has faced challenges such as political issues, property concerns, and trade wars. However, the company’s business performance remains strong, with profits up and dividends increasing.
Although Prudential’s dividend yield is below the FTSE 100 average, the stock is trading at a low valuation of 10.76 times earnings, making it a potential recovery opportunity. While the stock has not fulfilled its promise in recent years, it remains on my watchlist for future investment opportunities.