Why Warren Buffett Would Love Garmin

Warren Buffett's Berkshire Hathaway is unique in many ways. Buffett has built the conglomerate with cash-generating companies that can succeed over the long term thanks to wide moats in their businesses -- and he seeks out more businesses like that in his investment portfolio.

If you're looking for investments that fit the mold yourself, one company that generates enormous cash flow, has a debt-free balance sheet, and pays a nice dividend is Garmin (NASDAQ: GRMN), a maker of outdoor recreation devices. Garmin's initial success was with personal navigation devices (PNDs), when GPS systems first became popular. But the company has shown that with advancing technologies, it can stay ahead of consumer demand for new GPS devices.

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Source Fool.com