Category Archives: [UHAL] AMERCO
[RYAAY – Ryanair] Anchor Post: [RYAAY – Ryanair] Low Cost Flywheel In mid-September last year, Ryanair announced that it would be cancelling 2% of its daily flights over the subsequent 6 weeks to free up aircraft and ensure punctual departure times for the other 98%. The press attributed this snafu, which inconvenienced 0.5% of Ryanair’s […]
(2,536 words) [SIG – Signet Jewelers] I have zero interest in this stock, but sometimes it’s fun to reminisce on missed calls. About a year ago, a friend who manages a long/short fund was considering shorting SIG and asked for my opinion. I said I thought it was a bad idea. At the time, the […]
I’m favorably biased towards UHAL (I wrote about the company in an investor letter that you can find here). A friend and subscriber who’s opinion I value holds a contrary point of view, that view being UHAL is a cyclical business trading at a somewhat above average multiple on peak margins whose profits will decline dramatically in […]