Winter Stocks to Buy, Third Runner-Up: Douglas Dynamics (PLOW)
I couldn’t resist this pick, given the brutal winter many parts of the U.S. and Canada have experienced this year. Douglas Dynamics (PLOW) is the leading manufacturer of snowplows for light trucks in North America, and one of the best winter stocks to buy.
The people you see clearing snow from parking lots around town are probably using a Western, Fisher or Blizzard snowplow to get the job done. According to the company presentation, it has more than 500,000 of these bad boys in use across the country and currently controls between 50% and 60% market share. With replacement every 7-9 years, investors gain a reasonably stable stream of future revenue.
You’re not going to hit a home run with PLOW stock, but its 5.4% yield makes it one of the best winter stocks to buy for generating above-average income with equity investments.