United Rentals (URI) has evolved in the market’s view into an “energy” company. Despite management’s strong argument that its results will be minimally impacted by weakness in crude oil prices, investors have decided that energy is more important than the apparent improvement in the company’s principal business, non-residential construction. First quarter results, to be announced later this month, will give a good indication of which side of this argument is correct.
From Westport Asset Management (Trades, Portfolio)’s Westport Select Cap Fund Q1 2015 Commentary.
