3 monopoly style businesses for the buy & hold investor

A monopoly is a business that faces little or no competition and is the sole provider of its product or service, with no close substitute. A monopoly status is typically entrenched by high barriers to entry such as cost and regulation. Such businesses have the ability to set a price of their choice for their product or service with no fear of losing customers.
Warren Buffett said it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. As it were, the following three wonderful companies can be seen as a kind of monopoly for the buy and hold investor:
Foolish takeaway
Companies with monopoly style businesses can be a great addition to the buy and hold investor’s portfolio. Investors however, will need to consider that at times these companies come with high debt or more limited growth opportunities given the bond-like nature of their cash flows.
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Motley Fool contributor Kevin Gandiya has no position in any stocks mentioned.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.