Source: tripadvisor.com.
Overview
For many value/quality investors, the toll bridge is a dream business. it is a natural monopoly, enjoying almost no competition, a cash cow, generating recurring sales (in cash), and a wealth builder, requiring little CapEx to maintain day-to-day operations.
In reality, such a business is rare or seldom available to stock investors. This is exactly what makes NIC Inc. (EGOV) interesting and attractive as an investment. The Kansas-based company builds digital solutions for governments to provide a higher level of service to businesses and citizens and increase efficiencies. It typically