2024-02-02 06:27:31 ET
Summary
- Custom Truck One Source is expected to deliver double-digit returns in 2024 based on strong operational performances and favorable economic conditions.
- The company operates through three segments: Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services. All are well positioned for the current economic environment.
- Custom has competitive advantages such as better access to capital, integrated solutions, a young rental fleet, and the ability to provide solutions for national accounts.
Thesis: After a 2020 change in ownership, strong operational performances, and currently favorable economic conditions, Custom Truck One Source, Inc. (CTOS) should deliver double-digit returns in 2024. I rate it a Strong Buy based on expected capital gains this year.
About Custom
The company refers to itself as "one source" for specialty trucks and equipment....
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Custom Truck One Source: A Strong Buy Rating Based On Internal And External Strengths