Mobile Mini: Losing Customers Due To Rate Increases
- As the price continues to rise, EBITDA has been in steady decline ever since Erik Ollson joined the company last year. Trailing P/E suggests a 57% downside.
- Even though revenue was up 10.8%, utilization showed no growth and SG&A expenses ate into profits.
- Employee attrition at the management level may be on the rise which can affect customer attrition, especially with an increase in rates.