11 Comments
Mar 11, 2022Liked by YoungHamilton

Amazing piece. Do you foresee an attractive buying opportunity coming in this economic environment - gas, wage increase, decent likelihood of a stagnant economy in the future, etc. Their stock seems to have done relatively okay YTD. They compete on price so it doesn't seem like they can raise their prices to offset either. Any thoughts on obsolescence risk through technology (perhaps loss of advantage with electric vehicles, maybe self driving trucks in the distant future)?

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Mar 1, 2022Liked by YoungHamilton

always enjoy reading your write ups

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Feb 28, 2022Liked by YoungHamilton

Nice write up.

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Fantastic write up. I am always looking forward to the next release. How much of Cintas' contracts are through either voluntary customer sign / reach out vs Cintas bidding on contracts with Aramark and UniFirst? And is it also possible to pin down how much of Cintas' revenues, gross profit, or EBITDA occur in areas where Cintas has a regional monopoly? Thanks!

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What's the definition of one route? That's a bit confusing if you calculate customers per route and vehicles per route and take into consideration of the size of cintas trucks and route drivers' 8hs working time per work day.

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Very interesting story, I think here we have a winner takes all, with great roi and a lot of scale economies; best time to buy a company like this would be of course during recessions, I may say this is pretty antifragile so it will back soon to its speed.Thaks for sharing

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