2 Reasons This Is a Once-in-a-Decade Industrial Stock Pick for Long-Term Investors
Shares are down 33% from highs, but the company is growing like a weed.
2 Reasons This Is a Once-in-a-Decade Industrial Stock Pick for Long-Term Investors
Overview
The Iran conflict may finally be on its way to ending, but that does not change the future of defense and industrial spending in the United States. Modern conflicts -- from Ukraine to Venezuela to the Middle East -- have underscored the need for modern tactical capabilities, especially in unmanned operations.
A growing focus is being placed on battery-powered underwater drones, both for the United States' fleet and for its allies'. One fast-growing industrial stock poised to benefit from these new fleets is Kraken Robotics (OTC: KRKNF). Here's why the underwater battery maker is a once-in-a-decade industrial stock.
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Originally published at www.fool.com.
