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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Joe Craig
Ellicott City, MD
StockCentral Administrator
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| 04/02/2007 1:30 PM |
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| Doug Gerlach purchased MINI to replace HITK in his "25 Stocks to Own" portfolio on 3/28/2007. |
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Joe |
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armin fields
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| 04/03/2007 11:12 PM |
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The full company description at Reuters.com makes MINI seem like a very interesting company.
Could Douglas Gerlach post his SSG so we might learn something about his judgment?
Armin Fields
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Armin Fields
check out my SSG blog at
http://arminfields.wordpress.com |
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Doug Gerlach
Cambridge, MA
http://www.iclub.com/
President, ICLUBcentral
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| 04/11/2007 10:10 PM |
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Mobile Mini Inc. is a small company (2006 revenues of $273 million) that is the world's leading provider of portable storage solutions. The company owns a lease fleet of more than 146,000 portable storage and portable office units. These portable units provide storage and office space solutions to approximately 75,000 customers including large and small retailers, construction companies, medical centers, schools, utilities, distributors, the US military, hotels, restaurants, entertainment complexes and households. They offer a wide range of portable storage and office products in varying lengths and widths with an assortment of differentiated features such as proprietary security systems, multiple door options and 100 different configuration options. Customers can either rent or buy our products but most prefer to rent due to the short term nature of their needs.
Founded in 1983, Mobile Mini went public in 1994 and trades on NASDAQ under the symbol MINI. They are part of the Russell 2000® and 3000® Indexes and the S&P Small Cap Index and have also been named to Forbes Magazine’s list of the 200 Best Small Companies in America.
Attached is my stock study for MINI. I've projected future EPS growth at just 15% a year, below the 16.5% average annual growth of the last 8 years. Based on the 3/28 price, the stock is selling at a relative value of 109% (a bit high), but if the stock reaches my five year projected EPS of $2.80 and a high PE ratio of just 21, then the stock could return 17.1% annually from the $26.76 price on the buy date. The downside, based on last year's EPS of 1.39 and a low PE ratio of 14.3, would be a low price of 19.9 -- a 4.7 to 1 upside-downside ratio.
Drivers for future growth include expansion into Europe. They made an acquisition last year in Europe, and saw 25% growth in the eight months that it was a part of their business This could be a big part of growth in future years.
Currently, 40% of the company's business derives from non-residential construction, and there is concern that this segment is going to slow dramatically, which accounts for why the stock is selling at close to its 52-week low.
For more information, the company's web site is http://www.mobilemini.com/. |
 Attachment: MINI.SSG
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Posting from ICLUBcentral world headquarters in the Harvard Square's historic College House, Cambridge, MA
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armin fields
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| 04/17/2007 8:55 PM |
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If you had used Alt-M for your High and Lo P/Es, your SSG would not have been a BUY:
- How do you decide when to use Alt-M, which eliminates the 5 highest PEs and averages the rest….what factors do you consider?
- Would you still have picked MINI (or any stock) for this competition if it had not satisfied the SSG Buy criteria of a 3.0 Upside-Downside and a Total Return of 15.0%?
- How much weight do you give to the Take Stock analysis for MINI? Does it always use the equivalent of Alt-M?
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DouglasG SSG
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With Alt-M
Proj P/Es
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Take Stock
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Proj Sales Growth
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15.00%
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Same
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17.70%
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Proj EPS Growth
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15.00%
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Same
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11.90%
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Proj High P/E
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21.0
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20.2
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20.2
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Proj High Price
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$58.80
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$56.60
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$43.39
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Proj Low Price
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14.3
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8.8
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8.7
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Proj Low Price
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$19.90
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$12.20
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$12.09
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Upside-Downside
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4.7
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2.0
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1.1 (derived)
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Total Return
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17.1%
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16.1%
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14.9%
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Date
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3-28-07
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3-28-07
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4-2-07
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Current Price
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$29.76
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Same
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$26.78
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Buy Price
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$29.23
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$28.14
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$19.96
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Armin Fields |
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Armin Fields
check out my SSG blog at
http://arminfields.wordpress.com |
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