Cintas (CTAS) is the market leader in uniform rental and facility services. The company also has a smaller First Aid and Safety division, which accounts for a little under 20% of revenue, but, for this article, we'll focus on the main uniform services business. While Cintas is a great business in an attractive industry, the stock looks somewhat expensive relative to its growth outlook. Additionally, the company is heavily tied to the performance of the economy and jobs market and thus is very cyclical.
The Uniform Services Business
The uniform and facilities services