Cintas Corporation (CTAS)

[D_A]

Based on their last reported earnings, if you keep the 29-30 PE it puts the pps around 209-210, which we are basically at. I’m already ready for next quarter. I keep seeing their trucks everywhere. Their fire prevention side should stay strong while construction is good. And their uniform and business services should too as long as businesses are doing well. Payrolls expanding, lower unemployment, and construction is up should be a good recipe. Are you sensing a top for some reason?

To me, the question is what is it going to take to expand the multiple from the 29-30 range? Are they even focused on action that would expand the PE or are they just focused on steady earnings growth?