Celan Bryant
Research analyst, financial regulation, government reports, banks

Mobile Mini: Losing Customers Due To Rate Increases

I began covering Mobile Mini (NYSE: MINI) in March. While the price of MINI has gone up since Erik Olsson took over last year, EBITDA has been in steady decline. Mobile Mini is growing revenues through an increase in rental rates, but those rental rates may be causing the company to lose market share, especially if the sales force, the holders of the relationship, are leaving.

MINI data by YCharts

Steven Bunger, the previous CEO, and son of the founder, stepped down in October of 2012 -- the market responded well. In late March it was announced that Erik Olsson would take his place and the price surged. Now share prices have stalled -- trading in a range between...

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