> The stock is near its all-time high and has returned a staggering 22% annually since 2000. I was interested by this, so I checked. It's indeed near it's all

> The stock is near its all-time high and has returned a staggering 22% annually since 2000. I was interested by this, so I checked. It's indeed near it's all-time high. Though this is not surprising, it's the case for many companies that aren't dwindling currently, and that didn't have huge peaks around 2000. But to say it's had a 22% annual return since 2000 is a bit of a misrepresentation. The overall return between 2000 and 2018, divided over the 18 years, might be 22% YoY (not sure, I didn't check -- could well be that it's not). But it's had a number of years with negative returns (e.g. 2015), certainly not 22% returns. Edit: I checked. A yearly 22% growth from 2000 to today would put it quite a bit higher than its current stock price. So it's not a 22% YoY growth.