jetcityimage The following segment was excerpted from this fund letter. 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…
JHVEPhoto/iStock Editorial via Getty Images I rate Ashtead Group (OTCPK:ASHTF)(OTCPK:ASHTY) as a hold, as even when the company has interesting drivers ahead that might support it to keep delivering growth in the next few years, most of those drivers might be priced in. Even when I rated the stock as hold, I could use the…
Avalon_Studio/E+ via Getty Images Summary Following my coverage of Ashtead Group (OTCPK:ASHTY), I recommended a buy rating as the business has demonstrated strong growth in rental revenue, and I expected it to be well-positioned to benefit from the acceleration of large mega projects in the United States. This post is to provide an update on…
Ashtead Group plc (OTCPK:ASHTF) Q1 2024 Results Conference Call September 5, 2023 4:00 AM ET Company Participants Brendan Horgan – Chief Executive Officer Michael Pratt – Chief Financial Officer Conference Call Participants Suhasini Varanasi – Goldman Sachs Rob Wertheimer – Melius Research Will Kirkness – SocieteGenerale Lush Mahendrarajah – JP Morgan Neil Tyler – Redburn…