Mobile Mini, Inc. (MINI)
Nomad Capital: Looking For Businesses That Want To Get Better Every Day
The Nomad Investment Partnership had one of the best track records in the hedge fund industry during the first decade-and-a-half of this century. Q3 2020 hedge fund letters, conferences and more Run by Nicholas Sleep and Qais Zakaria between 2001 and 2013, the partnership yielded a total return of 921.1% after performance fees for investors Read More
As of Oct 18’ 2012, the stock for Mobile Mini Inc (NASDAQ:MINI) closed at USD 16.90, representing a market capitalization of USD 755.49 million. The stock has achieved an average volume of 204,695 shares over the last three months, and has traded between a range of USD 12.60 to USD 23.08 over the last 52 weeks. The stock has been trading at a P/E ratio of 23.4, a P/S ratio of 2.09, and a P/B ratio of 1.0.
Smurfit Kappa Group Plc (LON:SKG), together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products in Europe and Latin America. As of Oct 18’ 2012, the stock has been trading at EUR 8.49, with a total market capitalization of EUR 1.89 billion. The stock has been trading at a P/E ratio of 7.64, a P/S ratio of 0.26, and a P/B ratio of 0.89.
For 6MFY12, total revenues were recorded at USD 182.1 million, compared to USD 173.4 million for the corresponding period last year; registering a YoY increase of 5%. Revenues from the leasing sector were registered at USD 160.5 million, as compared to USD 151.1 million for the corresponding period last year, recording a YoY increase of 6.2% mainly due to higher trucking revenues, increasing rental rates, and product mix. The leasing business continued to be a prominent part of the company’s business, as it comprised 88.1% of total revenues for 6MFY12, as compared to 87.1% for the corresponding period last year.
For 6MFY12, the Company reported a gross margin of 39.3%, as compared to 37.4% for 6MFY11, which was mainly due to higher average selling prices of products during 6MFY12, as compared to the corresponding period last year.
For 6MFY12 the company reported net income of USD 12.4 million, as compared to USD 12.1 million for the corresponding period last year, representing a YoY increase of 2.5%.
As of 30th June 2012, the Company had USD 10.41 million in cash balances, representing a cash value per share of 0.23. The Company also had total debt of USD 684.41 million resulting in a debt to equity ratio of 87.75
Factors to Watch Out:
- Very high Leverage ratio!
- Leadership transition going on which adds to uncertainty!