2024-06-19 23:38:25 ET
Summary
- Herc Holdings is a company that rents out equipment and has shown continued revenue and cash flow growth.
- The company's equipment rental revenue has increased, and management expects growth to continue in the current fiscal year.
- Shares are cheap and that, combined with growth, creates a recipe for upside in the long run.
Some investment opportunities generate significant upside for investors in a short window of time. Others, however, require patience. One company that I think fits in the latter category is a firm called Herc Holdings ( HRI ). Operationally speaking, the company services customers by renting out equipment such as earth moving devices, material handling equipment, aerial equipment, and even trucks and trailers. The last article that I published about the firm came out in September of 2023. In that article, I reiterated my ‘buy’ rating for the stock. This was based not only on continued revenue and cash flow growth, but also based on how shares were priced. At the time, the firm was trading at price to cash flow multiples well below 5....
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Herc Holdings: Patience Should Yield Strong Results