My Top Industrial Stock to Buy and Hold Forever
Let's face it, few things in the investing world last forever. Whether it be creative disruption, changing tastes, or managerial blunders, there is almost always something just around the bend that could make a sure-fire business a note in the history books.
To find that rare gem of a forever stock means looking for some unique traits that will help it stand the test of time: an essential human need, a challenging or unappealing market to disrupt, a business with a track record of adapting, and one that can generate reasonable rates of return in any economic environment.
That narrows down the field quite a bit, but one that does fit the bill is water heater manufacturer A.O. Smith (NYSE: AOS). Here's what makes this industrial stock one to buy and hold forever.
Source Fool.com
