This Truck Maker Can Ride Out a Recession. Why It’s Time to Buy the Stock.
Buy Paccar Stock. The Truck Company Can Ride Out a Recession. | Barron’s
Before Steven Spielberg reached blockbuster success with Jaws, he made Duel, about a driver terrorized by a massive tanker truck. The story didn’t end well for the homicidal Peterbilt rig that the director used in the film, but investors should find a happier ending with the truck’s maker,
These days, Paccar (ticker: PCAR), which sells trucks under brand names like Peterbilt, Kenworth, and DAF, is considered among the best on the road. Over the past decade, the company has sold and manufactured over 1.5 million big rigs, which have ended up on highways in North and South America, as well as Europe and even Australia.