This Dominant Manufacturer Could Offer Shelter in a Market Storm
One of Warren Buffett's favorite characteristics in a company is what he calls a moat. It's a strong competitive position that makes it difficult for rivals to take business. The technology industry isn't known for moats. In fact, it's famous for the opposite -- constant disruption.
But sometimes a tech company can carve out a niche for itself, defend it with patents, and enjoy a long steady life producing profits for shareholders. That's a good description of Gentex (NASDAQ: GNTX). The stock won't get your heart racing. But a dominant market position and commitment to shareholder returns might be exactly what your portfolio needs.
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Source Fool.com
