1 Stock I'm Never Selling
There are successful companies out there that don't garner the attention and excitement of many investors simply because they operate in uninteresting industries. O'Reilly Automotive (NASDAQ: ORLY) is one such business that has historically been a great addition to a long-term portfolio, as its stock price has risen more than 600% over the past decade.
O'Reilly continues to slowly and steadily march forward, and I believe it still has room to grow. It's a stock that I'm never selling and here's why.
As an automotive aftermarket retailer that serves both do-it-yourself (DIY) and professional service provider (PSP) customers primarily in the United States, O'Reilly benefits from three key factors: the number of miles driven, the size of the nationwide vehicle fleet, and the average age of vehicles on the road. Americans drive more than three trillion miles per year, while the number of light vehicles on the road is near 280 million. And the average age of vehicles is close to 12 years.
Source Fool.com
