Essex Rental Corporation (NASDAQ:ESSX) mainly rents or sells heavy equipments for construction companies that build large projects such as the highways, bridges, stadiums, hospitals, power plants and hospitals. The company also offers maintenance services and ships replacement parts for these equipments; however, the large majority of the company's revenues come from renting activities.
The company has suffered greatly during and shortly after the recession as the construction activities slowed down greatly across the country. Later on, the government invested a large amount of money in large construction projects in an effort to stimulate the economy but this move only provided a temporary relief for the industry. As the economy has been getting better in the last couple years,...
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