Here are some plusses and minuses with UHAL, Jimbo:
Fabulous brand name recognition - I'd guess every English speaking adult in USA knows Uhaul.
They also have a related insurance biz. and self-storage biz.
The stock is undervalued based on the company financials.
And THE reason for the undervaluation - imho - is that the controlling insiders - and they are very controlling - appear to run the business for the benefit of themselves (imo). Family members of the founder are well-entrenched in company positions; the family squabbles amongst themselves - they have been to court many times; members of the family control other businesses which do deals with UHAL - e.g. maintenance service, supply service, and real estate. This is not good (unless you're in the family!)
I assume most investors will shun the stock because of the family situation --- so I'm interested.
The business persists, UHAL is the dominant company, and e-v-e-n-t-u-a-l-l-y, something good may happen, and the stock will trade at higher prices (I hope).
For bunker people, here's where the stock could be interesting: the business doesn't seem to be worsening - maybe it's even getting better - and the family situation is no surprise. Every year, as far back as my records go, the stock has traded over 20. So there might/could/maybe be a short-term trade somewhere in here.
finance.yahoo.com
jmo,
I'm a long term holder
and I've been wrong many, many times. |
