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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details