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News Breaks
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November 4, 2009
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| 13:44 EDT |  | MINI |
| theflyonthewall.com: | Mobile Mini well positioned for economic recovery | | The company stated on it Q3 earnings call it was happy with its results and it has been a very difficult economy to manage through but feels like it is positioned well. The company feels it has a very strong balance sheet and free cash flow with plenty of liquidity and no near term debt maturities. Mobile Mini has seen stabilization in the UK and slower drops and some signs of recovery in its nonconstruction customers in US. The company plans to idle inventory, as a pick-up in revenues will produce strong initial cash flows and margin expansion. The company feels it is much better positioned than in prior slowdowns because it has better market diversification, product diversification, customer diversification, a strong balance sheet, fewer competitors, and is now in a free cash flow position which allows it to further pay down its debt. :theflyonthewall.com |
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