3 Growth Stocks With Virtual Monopolies

Monopolies can be bad. Having a single company control every aspect of an entire industry is likely to lead to higher consumer prices, slower innovation, and anticompetitive behavior.

Lucky for us, true monopolies are rare and the business conditions in a near-monopoly often trigger lots of healthy competition and fresh thinking. And either way, both industry-dominating businesses and true monopolists are fantastically profitable.

That's why we asked a handful of investors here at The Motley Fool if they had seen any monopoly stocks in today's market. Read on to see how they dug up Intuitive Surgical (NASDAQ: ISRG), LendingTree (NASDAQ: TREE), and Canadian National Railway (NYSE: CNI).

Source: Fool.com