The Best Stock You Could've Bought: SQMMotley Fool - Jun 26,...

The Best Stock You Could've Bought: SQM
Motley Fool - Jun 26, 2008

Anyone would love to own the next multibagger stock. Of course, most of us just don't have the time in our busy schedules to (1) figure out exactly what makes for a home run investment, and (2) scour the entire stock universe for one that fits the bill.

Fortunately, more than 110,000 individual and professional investors over at Motley Fool CAPS, the Fool's free investing community, are working as a team to single out sensational stocks. And so far, the results have been top-notch.

Red hot Chile pepper.
In January, for example, Sociedad Quimica y Minera (NYSE: SQM) was ranked as one of the 10 best stocks in CAPS. As the world's largest supplier of lithium, our community loved the Chilean chemical company as a play on the growth of eco-friendly, electric and hybrid vehicles. In December 2007, CAPS player cfsguy99 had this to say about the company also known as Chemical and Mining Co. of Chile:

Lithium is the current 'next generation' battery technology of the near future. With the release of several L-Ion battery based cars coming out in 2008, now would be a good time to invest in producers of industry materials.

Since Sociedad's appearance on the January "Best Stocks" list, the shares are up about 200%, thanks in large part to its additional agriculture exposure -- talk about a smoking-hot business segment.