Opinions
Dean Orrico
Stephensons Rental Services
RNT.UN-T
DON'T BUY
Sep 30, 2005
Has a lot of characteristics you like to see in a trust but is a little smaller and has been caught in the down draft that has been in the market. Has been around a long time. Highly levered to the housing cycle which is quite cyclical.
$8.000
Stock price when the opinion was issued
misc industrial products
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DON'T BUY
Ideal business trust has stability, lack of competition and a payout ratio below 100%. This one exhibits none of those characteristics. Their market is highly dependent on construction/contractors, so any slowdown in housing will hurt. Payout ratio is well over 100%. 18% yield indicates a possible cut.
misc industrial products
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