ASHTF News and Press, Ashtead Group Plc From 11/07/22

Summary Ashtead Group (ASHTF) is dual listed on LSE and NYSE. An equipment rental market leader with a U.S., U.K. and Canada based international store network. 60% of revenue now sits outside of non-residential construction, leading to less cyclicality. Solid balance sheet...

Summary US infrastructure is in a mess through decades of neglect and many investors' portfolios are in a mess due to happenings over the past year. There is a growing political will to fix that mess plus decoupling with China and other world events means many new factories are be...

Summary The Strategy outperformed for the second quarter in a row, thanks in large part to positioning adjustments made over the last year in preparation for these extreme macro headwinds. We enhanced a focus on sturdy, secular growth businesses with three new additions to the portfol...

Summary I initiated a starter position in Ashtead, an equipment rental company listed in the UK but with 95% of its operations in the US. ASHTF has a return on investment in the 20% range, with 27% operating profit margins and unit economics are attractive. Ashtead prefers mor...

Summary Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long-term. The Master Account returned -10.95% net in Q3 2022 vs -4....

Summary W.W. Grainger continues to post attractive financial results, and the company has done well to hold solid in this market. Long-term, management has some big plans for the firm, but this doesn't make the business a great prospect right now. Despite its favorable long-te...

Summary The Bonhoeffer Fund, LP, is a value-oriented investment partnership. The fund's objective is to grow capital at a faster rate than market indices over full market cycles and provide minimal. The Bonhoeffer Fund returned -14.9% net of fees in the second quarter of 2022. ...

Summary Industrial equipment supplier Ashtead reported strong financials recently and upgraded revenue forecasts. Despite high inflation and a recession in the US, its biggest market, it's poised to make further gains. The US’s infrastructure spending is expected to bolster...

Rhizome Partners LP is a Delaware limited partnership, aims to achieve long-term capital appreciation while limiting the risk of loss. For the second quarter of 2022, Rhizome Partners generated a net loss of 9.1%. Given our cautious views regarding the impact of rising interest ra...

Giverny Capital Asset Management, LLC is a partnership between Giverny Capital of Montreal and David Poppe, the former president and chief executive officer of Ruane, Cunniff & Goldfarb, LLC. For the second quarter of 2022, Giverny Capital Asset Management’s model portfolio...