Mobile Mini, Inc. (NASDAQ:MINI)

mjb8908 (< 20) Submitted: 12/7/2006 9:36:06 PM : Start Price: $28.47 MINI Score: -52.16

national, going global

NetscribeInduGds (80.59) Submitted: 12/7/2006 7:14:04 AM : Start Price: $28.93 MINI Score: -52.17

Mobile Mini, Inc. is the largest provider of portable storage containers and mobile offices, supplying 145,700 portable storage units to roughly 83,000 clients across the United States. The company provides portable storage to numerous end-markets including retail, construction, consumers, government, and industrial.

Mobile Mini, Inc.’s revenue is primarily driven by leasing of portable storage devices, which represented around 90% of the company’s total revenue in 2005. The leasing segment of the company has exhibited a robust growth in the past five years due to the increasing number of leasing units and the optimum utilization of these fleets. Moreover, successful execution of its growth strategy, combining acquisitions and internal growth, has enabled the company to post total revenue growth of 22% annually over the last five years. The company has been able to sustain good growth even within its oldest markets as broader awareness of mobile storage has spurred wider usage of the service.

The company has an attractive geographic expansion opportunity, and it has developed a new market entry strategy, which is replicated in each of its new market. Mobile Mini’s typical strategy is to enter new markets through small acquisitions and subsequently increase its inventory and service levels, thereby minimizing start-up costs. The company’s expansion program affects the overall utilization rate. During the last five years, the annual utilization levels averaged 80.9%.

It is believed that Mobile Mini will maintain its high growth rate, as non-residential construction is expected to grow in the mid-to-high single-digits, considering the company’s relatively low market penetration. Therefore, the rugged nature of the company’s equipment and the long average lease time make Mobile Mini an attractive business model.

coolfoolwins (93.89) Submitted: 11/3/2006 2:29:41 PM : Start Price: $30.73 MINI Score: -58.67

This company provides metal storage containers for 38 states and is growing nicely.

balvista (64.15) Submitted: 10/12/2006 7:04:08 PM : Start Price: $31.34 MINI Score: -60.11

Little stock, big ambitions

TMFBeachBum (87.61) Submitted: 9/27/2006 5:09:56 AM : Start Price: $28.46 MINI Score: -57.87

Leader in the space with plenty of room to run ahead with national/intl expansion. Could see swings as construction markets cycle but over the long haul growth should continue.