Gentex Corp

GNTX: XNAS (USA)
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Gentex's New Products Will Take Time to Scale

Business Strategy and Outlook

Gentex manufactures auto-dimming interior and exterior electrochromic mirrors. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications. With about 2,600 patents worldwide, some valid through 2050, and nearly 80% market share, Gentex has a narrow economic moat that it should be able to protect for a long time, in our opinion.

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