Essex Rental Will Not Create Much Value For Investors From Cradle To Grave
Munger Fan • Tue, Oct. 14
- Highly inefficient business model will restrict ESSX's value creation in the best of environments.
- We are likely to see a worsening of environment for ESSX due to the deleveraging that the U.S. must undergo.
- Investors should not be interested in the company simply because of the historically low price of the stock.
- Only an unlikely orderly liquidation will create value for investors in the short run.