The Struggling Industrial Stock of Ashtead Group is now Worth a Look!
The U.S. government's push for goods made in America could also boost demand for heavy equipment as companies expand their operations in the U.S. to avoid tariffs.
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Ashtead (OTCPK:ASHTF) is a relatively unknown equipment rental company, but with over 1,200 locations in all 50 U.S. states, its green-painted Sunbelt equipment is a familiar sight on construction sites across the country. After United Rentals, it is now the second largest equipment rental company in the U.S. The company generates 85% of its revenue in the U.S. and more than 90% in North America. Ashtead has processed a flood of acquisitions and system upgrades in recent years and is now focusing on Sunbelt 4.0, its strategy to accelerate growth,...
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