Sequoia Fund - Ashtead Group: Highly Likely To Be A Bigger Business In The Future [Seeking Alpha]
ASHTED GRP PLC UNSP/ADR (ASHTY)
NASDAQ:AMEX Investor Relations:
ashtead-group.com/investorcentre/default.aspx
Company Research
Source: Seeking Alpha
We expect rental's penetration of the US equipment market to increase in the years to come, and we expect Ashtead's share of the equipment rental market to rise as well. Ashtead is highly likely to be a bigger business in the future. The following segment was excerpted from this fund letter. Ashtead Group ( OTCPK:ASHTF We recently initiated a position in Ashtead Group. The company is domiciled in the UK, but the business is essentially North American. The United States and Canada account for all but a tiny sliver of earnings, and the American CEO and his key lieutenants are all based Stateside. Ashtead, operating under its Sunbelt brand, is a leading player in the equipment rental industry. The advantages of renting equipment, as opposed to buying it, are straightforward. By renting, customers preserve capital, reduce the significant overhead associated with equipment maintenance, and indirectly harness the purchasing power of the large rental companies. The logic of rental
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- Ashtead Group (LON:AHT) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- A Closer Look At Ashtead Group plc's (LON:AHT) Impressive ROE [Yahoo! Finance]Yahoo! Finance
- SIEGY or ASHTY: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Ashtead Group Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Ashtead, commodity stocks drag FTSE 100 to near three-week lows [Reuters]Reuters