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Strategies & Market Trends : Value Investing

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To: Harshu Vyas who wrote (75122)	2/13/2024 11:52:28 AM
From: Grommit	1 Recommendation Recommended By Harshu Vyas Read Replies (2) of 78704

HRI . I am not an expert. But from their latest press and presentation, for their outlook, they claim that renting is more popular, market expansion and market share increase. They are adding locations and equipment. Industry: Chart below -- I don't know why rental mkt expanded since 2022. Maybe covid government stimulus related? But it looks like since 2020. They mention a few items. Seems to be an understandable growing business at a reasonable value. Owning hard physical assets. grommit Positive industry trends aided by stimulus, reshoring, data usage and cloud adoption • Mega projects continue to ramp up • Shift from equipment ownership to rental continues • Used equipment market healthy Added 42 new locations through M&A and greenfield openings. As a leader in an industry where scale matters, the Company expects to continue to gain share by capturing an outsized position of the forecasted higher construction spending in 2024 by investing in its fleet, optimizing its existing fleet, capitalizing on strategic acquisitions and greenfield opportunities...

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