Best-performing N.C. stocks
The best North Carolina-based stocks to own over the past five years were mostly companies in traditional, less-than-sexy industries, according to Business North Carolina’s annual ranking of the Top 75 public companies in the state.
Raleigh-based Salix Pharmaceuticals Ltd. (ticker: SLXP) topped the list, increasing more than tenfold since June 2009 on increased acceptance of its drugs, which treat gastrointestinal illnesses. Other big gainers included companies with popular brands such as Greensboro-based VF Corp. (VFC) and Hanesbrands Inc. (HBI) and Krispy Kreme Doughnuts Inc. (KKD), both based in Winston-Salem. Each rose more than fourfold. Old Dominion Freight Line (ODFL), based in Thomasville, jumped 327%, while manufacturers Enpro Industries Inc. (NPO) and Carlisle Cos. (CSL), both in Charlotte, gained 306% and 276%, respectively.
In comparison, Bank of America Corp. (BAC) increased 18% during the five-year period, while the S&P 500 Index more than doubled.
See the top performers here.