Could Investing $100,000 in Bristol Myers Squibb Stock Make You a Millionaire? [Yahoo! Finance]
Bristol-Myers Squibb Company (BMY)
Last bristol-myers squibb company earnings: 2/6 07:05 am
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Source: Yahoo! Finance
The compounding effect of dividend reinvestment over enough time can potentially make it possible to turn $100,000 into a cool million. So, could this work with roundly unpopular Bristol Myers Squibb (NYSE: BMY) stock? It's an unusual place to mine for millionaire-maker prospects, but Bristol Myers stock is out of favor, and this ought to pique contrarians' interests. However, before jumping into the trade in hopes of 10x returns, look beyond the share price and dividend yield and consider why investors found fault with Bristol Myers. A massive but fully expected loss First things first. Even with the compounding effect of a dividend-reinvestment strategy, it would take an awfully long time to turn $100,000 into $1 million solely through Bristol Myers' 5%-ish annual dividend yield. Besides, dividends aren't just free money since a share's value is reduced by the amount of each dividend payment. So, significant share-price appreciation would be needed to achieve millionaire sta
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BMY
News
- New Four-Year Sotyktu (deucravacitinib) Data Demonstrate Durable Response Rates and Consistent Safety in Moderate-to-Severe Plaque Psoriasis [Yahoo! Finance]Yahoo! Finance
- Bristol Myers (BMY) Gets FDA Nod for Breyanzi Label Expansion [Yahoo! Finance]Yahoo! Finance
- New Four-Year Sotyktu (deucravacitinib) Data Demonstrate Durable Response Rates and Consistent Safety in Moderate-to-Severe Plaque PsoriasisBusiness Wire
- The Business Case For Expanding Diversity In Clinical Trials [Forbes]Forbes
- FDA approves Bristol Myers Squibb's Breyanzi for follicular lymphoma [Yahoo! Finance]Yahoo! Finance
BMY
Earnings
- 4/25/24 - Miss
BMY
Sec Filings
- 5/9/24 - Form 8-K
- 5/3/24 - Form 4
- 4/25/24 - Form 10-Q
- BMY's page on the SEC website