WSC's Upside-down Financial Model
about 1 year ago
DF Research
"WSC: Modular & storage rental co. facing challenges post-failed McGrath deal. Utilization down (62.1% modular, 58.1% storage), CapEx up 10% YoY despite -12% units on rent. Bull thesis crumbling: EBITDA flat, FCF eroding, debt maturities loom. Competition from URI, VAPS growth slowing. Survival questionable amid financial model breakdown."
Sentiment
bearish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
WSC's Upside-down Financial Model
Source:
DF Research
Published:
November 6, 2024
Idea Type:
Stock Idea