From Marketwatch:
When Berkshire Hathaway CEO Warren Buffett discussed his company’s agreement to acquire Precision Castparts, there were probably many people who read about the $32 billion transaction who weren’t familiar with the Portland, Ore.-based maker of metal parts.
Let’s face it: Industrial companies don’t usually make for titillating headlines. But that doesn’t mean you shouldn’t consider them as long-term investments, especially if they have fat profit margins.