Josh Arnold
Long/short equity

Mobile Mini: Irrational Exuberance Abounds

Overview and Thesis

Mobile Mini (NASDAQ:MINI) provides portable storage products in North America and Europe. Its 230,000+ units are concentrated primarily in the US and the UK but MINI is present in Canada and the Netherlands in a smaller way. The company offers steel storage containers, security outposts, mobile office space, records storage and more. MINI's containers are leased out to its customers for pre-determined lengths of time and the company counts governments, hotels, schools, militaries, and private companies among its customer base. After doubling in the past year some investors may be wondering if the rally is over and if it's time to take profits. Indeed, shares are off about 15% from their highs but still trade...

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