GREY:WONEF - Post by User
Comment by
knicksmanon Nov 15, 2017 5:39pm
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Post# 26971852
RE:RE:Brutal, horrible quarter
RE:RE:Brutal, horrible quarterThe problem is with rental rates (not the company). Rental rates are improving and 2018 should be significantly improved. EPS misrepresents the earnings power of the company as depreciation is accelerated (versus market value) as disclosed by the company's press release (equipment is worth $20 million more than the book value). There's a lot more value in this name than is being ascribed by the market. Hold on a little longer, 2018 should be much better.