Warren Buffett has described the cash pile held by his company, Berkshire Hathaway , as an "elephant gun." And while guessing what Buffett may use his elephant gun on for his next purchase may be an exercise in futility, it can serve as a screener of sorts when looking for new stock ideas.
Massive brands, wide moats, recession-proof operations, or a Benjamin Graham-worthy valuation -- there are many possible hallmarks of what may qualify a company as a "Buffett stock."
Three Fool.com contributors believe The Home Depot (NYSE: HD) , Old Dominion Freight Line (NASDAQ: ODFL) , and AutoZone (NYSE: AZO) would make great additions to Buffett's portfolio for the long haul.
For further details see:
3 Stocks That Would Look Great in Warren Buffett's Portfolio