PACCAR Inc (NASDAQ:PCAR)
The Company has two principal industry segments: design, manufacture and distribution of light-, medium- and heavy-duty trucks and related aftermarket distribution of parts; and finance and leasing services provided to customers and dealers.
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100 year old business with shareholder friendly management and a wonderful track record of increasing earnings. Price for next years downturn in truck sales already priced in. Nice little dividend (1.3%).
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Steady company
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Paccar is a well established company which has made money for the past 10 years; actually, 66 consecutive years. This will double in a few years. Quicker if the gas prices stabilize.
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