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Vera Yuan
Vera Yuan
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Chris Davis Comments on Paccar

June 24, 2014 | About:

Paccar (PCAR) is an example of an out-of-the-spotlight holding in the Portfolio. Although not a household name, this more than 100-year-old company is the largest manufacturer of trucks in North America and also has a substantial and growing global presence. Paccar’s brands, including Kenworth and Peterbilt in the United States and DAF in Europe, have earned a reputation for high quality and longevity. Financially strong and resilient, the company regularly buys back shares and has paid a dividend every year since 1941. Management’s interests are aligned with shareholders’ as Paccar’s founding family owns nearly 30% of the company.

From Chris Davis' Davis New York Venture Fund First Quarter 2014 Update.

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