Professional
Added to YB: 2025-03-17
Pitch date: 2025-03-14
WSC [neutral]
WillScot Holdings Corporation
-32.98%
current return
Author Info
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Company Info
WillScot Holdings Corporation provides turnkey temporary space solutions in the United States, Canada, and Mexico.
Market Cap
$3.2B
Pitch Price
$29.65
Price Target
N/A
Dividend
1.59%
EV/EBITDA
9.64
P/E
14.64
EV/Sales
3.06
Sector
Construction and Engineering
Category
value
WSC: Occam’s Razor and Boswell’s Bombshell
WSC (overview): Debt refinancing at higher rates suggests ABL lenders cut credit access. COO admits 'idle fleet' needs significant CapEx, supporting view that cash-generating capability is exhausted. Fleet neglected, cash gone, debt remains. Aging units sit idle for years. Simple explanation: cash spent on shareholder returns, leaving debt-laden fleet unable to service it.
Read full article (7 min)