WSC: Occam’s Razor and Boswell’s Bombshell
9 months ago
DF Research
"WSC (overview): Debt refinancing at higher rates suggests ABL lenders cut credit access. COO admits 'idle fleet' needs significant CapEx, supporting view that cash-generating capability is exhausted. Fleet neglected, cash gone, debt remains. Aging units sit idle for years. Simple explanation: cash spent on shareholder returns, leaving debt-laden fleet unable to service it."
Sentiment
neutral
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
WSC: Occam’s Razor and Boswell’s Bombshell
Source:
DF Research
Published:
March 14, 2025
Idea Type:
Stock Idea