Mobile Mini, Inc. (NASDAQ:MINI)

CAPS Rating: 3 out of 5

Provider of portable storage solutions and offers a range of portable storage products in varying lengths and widths with an assortment of proprietary security systems, multiple doors, electrical wiring and shelving.

Recs

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Player Avatar greenwave3 (35.45) Submitted: 8/19/2008 10:23:20 PM : Underperform Start Price: $21.55 MINI Score: +5.35

Liquidity is a major concern. With many of their customers being commercial builders, I would suspect their number of bad debts and accounts are probably on the rise. This does not bode well for their continuing cash flow issues. I think their product is great, but I see this coming down to about $15-16 before rising again in about a year. The likelihood of dilution or decrease of shareholder equity is pretty high. They may take on additional debt to cover the liquidity shortfall, which may not help the overall health of this balance sheet.

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