Keith Dalrymple of Dalrymple Finance presented his short thesis on Willscot Mobile Mini on Zer0esTV. Dalrymple says Willscot’s “special sauce” business model is “nothing more than chronic underinvestment in its fleet assets” and believes that a portion of Willscot’s modular space fleet is unrentable, which contributes to its industry-trailing utilization rates. Dalrymple also claims that there appears to be little-to-no cash available to continue its share buyback binge.
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