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wow URI hit $48 today
20:32 ET - Alongside United Rentals' (URI) 4Q results came an announcement that it plans to acquire competitor NES from Diamond Castle Holdings for $965M. Chicago-based NES has 73 branches and 1,100 employees, concentrated mostly in the eastern half of the US; United Rental has 887 locations in 49 state and some 12,500 workers. The deal is seen boosting URI's 2017 earnings as it's "acquiring a well-run operation that's primed to benefit from our technology, infrastructure and cross-selling capabilities," says URI CEO Michael Kneeland. Its stock jumped 8.7% after-hours to $124.20, which would put shares above 2014's record high. URI had been already up 8.2% this month. (robert.tita@wsj.com)
(END) Dow Jones Newswires
January 25, 2017 20:32 ET (01:32 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Potential tens of billions may be spent on bridge work, road work, pipelines, the southern wall . URI will benefit. URI rents heavy equipment. Many large construction companies now prefer to rent equipment, instead of buying heavy equipment.
Looking for 130+ today.
Daily Trumpian spikes!!!!!
URI up 40% since the November 8th Presidential election.
Price per share Nov. 8th was $75 @ share...27 days later the pps is $104.85
Marker:
United Rentals, Inc. (URI)
$104.85 up 0.56 (0.54%)
Volume: 2,206,761
Marker:
United Rentals, Inc. (URI)
$91.20 up 1.7 (1.90%)
Volume: 2,953,164
Marker;
United Rentals, Inc. (URI)
$86.71 up 10.84 (14.38%)
6,365,106 volume
*construction equipment may do well under Trump administration.
This has happened to me before and I always cost average everyone it drops 10-15%, depending on the stock. It has worked very well. I would strongly consider getting back in if it goes to the mid-low 60s as it will be trading with a EV/EBITDA of 2.5 which is unbelievably cheap.
I would be pleased for you to see the price shoot up. Today the share price hit a 52-week low.
Best of luck.
Trueheart
It shouldn't be. I guess long term the accelerated buyback will help be more accretive for the company because they can pick up more cheap shares. Still the earnings weren't bad. I wouldn't be surprised to see $85 before next earnings.
I got out at $83.12 with a 10% loss.
The stock is tied to the O&G industry and the price of oil.
Trueheart
What a hated stock.
I look deep into the numbers, and so many companies have a higher stock price with not nearly the profit or margins. To get a company growing bottom line a 15% CAGR and trades about 10X is a steal.
Good luck on your buy. URI is a strong company.
Trueheart
Just doubled down to lower my cost to $83
The welfare of the company is apparently tied to the O&G industry, and that is why the share price has cratered.
Trueheart
This was a crazy intraday move for URI
I was incorrect. New low at $80.08.
Trueheart
Like you, I believe that the price is ripe for the picking but I'm holding on to my cash for a while more, let the problem with Greece get resolved.
Trueheart
Planning on doubling down soon. A no brainer stock with a 2 year+ timeframe
If your short term then $105 is a decent selling point. Nice buy Trueheart, I bought it around $89 several months back and got slapped with the recent sell off.
Remember they have a 750M buyback this year. That will retire about 9% of the stock at these prices, and only about 7% of the stock if the stock was still trading at $104.
So the sell off was probably an advantage to the company/stock in the long haul.
If you wait a year it should be about $120
Bought in at $89 this morning. My sell is set at $104.98.
If the market does hit that 10% drop I figure that URI already suffered the damage, and, as you said, it's a great growth stock.
Trueheart
Just go on your broker-dealer account and research next years projected earnings... It's $9.38 eps is the consensus. The stock should be at LEAST $93
The hit has been huge the past few days.
I think it'll stay down for a while.
Thinking of buying.
Trueheart
This is one of the cheapest growth stocks on Wall Street. It's trading at 10X 2017 eps and historically it's been growing at 20% per year. They still have a lot of expanding to go.