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To: Les H who wrote (164277)5/7/2002 9:55:10 AM
From: Les H  Respond to of 436258
 
Blame it on rising insurance premiums

8:22AM Mobile Mini misses qtr, lowers guidance (MINI) 28.95: Posts Q1 net of $0.31 a share, $0.07 worse than consensus, vs yr-ago EPS of $0.26. Revenues rose 18.5% to $29.4 mln (consensus $33.65 mln). For 2002, co sees EPS of $1.47 (consensus $1.65). "While prices have been holding up, our general and administrative costs have risen and should continue to do so due in large part to across-the-board increases in insurance premium costs."

MINI barely met bank convenants for 75% utilization rate this qtr

1995 - 91.4%
1996 - 89.7%
1997 - 85.7%
1998 - 87.0%
1999 - 85.6%
2000 - 85.3%
2001 - 82.5%
1Q02 - 75.9%

inventory trick

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To: Les H who wrote (164277)5/7/2002 10:10:23 AM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Les, Maria will start screaming how this is bullish for Micron and DRAMs . mike