CTAS has smartly expanded its business @ is a survivor in these tough economic times and has strategically sought out new business ventures ,,,,,no longer is uniforms its only form of survival,,it would be in trouble if it was ,,YES, shredding is adding to its bottom line,,,with SANIS @ FACILITY services
uniforms is and always will be its core business and its facility and sanis divisons add to the bottom line,,,MONEY,,,its shredding division is tapping into its current customer base and all its divisions are bringing in MONEY,,,its stock price is reflecting its ability to make MONEY and ability to pay a dividend,,,,
CTAS is the WALMART of uniforms ,,,facility services and now SHREDDING,,,,,GLOBAL GROWTH will reward this GORILLA with a higher profits and share price,,,CTAS will come out of this recession leaner and meaner than ever,,,lets see what its does in good times,,,its share price will be close to $40...,as BUFFET says BUY EM when they are beaten down and out of favour...,,,GO CINTAS GO $$$
Good point. ctas meets most of the criteria for 'buffet'esk investing; dominant and growing in an off the radar industry, highly profitable, room to increase dividend.. They were seriously undervalued when this msg started back in '10, but i think their growth prospects will enable them to beat the market for years.
CTAS broke the $30 resistance level earlier this week,,,,GOING to $32 very soon
GM opening up dealerships once again with new JOBS in GM plants and new one's ready to come on stream,,,a sign of good things lie ahead
BUY on FEAR and while the HERD is on the wrong side of the trade
the street starting to catch on that CTAS is cheap,,,pay a nice 7% plus dividend yield...YIELD folks,,,at $40 the yield is 2%-3%...will not be at this level for to long,,,,,,looking at the 5 yr chart it has a long way to go to the $50 plus mark
BUYING CTAS while things looking not so ROSY in AMERICA..,,a few more quarters hopefully to buy CHEAP down here
unveiling of TILE and carpet deep cleaning will be adding to the bottom line....one HOTEL clean up could cost up to $10,000 to $20,000 per visit,,direct competition to service master,,,a huge revenue BOOSTER in a niche market with strong margins....will it bring in a BILLION $$$
Mike Householder, Associated Press Writer, On Friday May 21, 2010, 5:17 pm EDT
DETROIT (AP) -- Chrysler Group LLC gave a big boost to the battered Michigan economy Friday when it announced plans to add about 1,100 workers to help build the new Jeep Grand Cherokee.
The company made the announcement at a Detroit factory as it celebrated the start of Grand Cherokee production. Chrysler said it expects strong sales of the new sport utility vehicle, which is due in showrooms next month.
note--a positive trend in USA,,jobs coming back to USA..will snowball into more hires across USA
Ford to Engineer, Assemble Hybrid Battery Packs and Transaxles In Michigan, Adding 220 New Jobs
PR Newswire(Mon 11:30AM EDT)Ford to Add Jobs in Detroit ... Yes, Detroit
at TheStreet.com(Mon 11:00AM EDT)Big Winner Seen In OReilly Automotive (ORLY) For Portfolio Managers; Timely Acquisition Of CHK Automotive Viewed As Critical Move With Spectacular Results
Wall Street Transcript(Mon 10:50AM EDT)[video] Ford Insourcing Jobs
at CNBC(Mon 10:15AM EDT)Ford to invest $135M in 2 Michigan factories
AP(Mon 8:19AM EDT
UNCLE SAM ...JOBS coming back to AMERICA $$$,,,,,institutions are BUYING and daytraders are taking penny profits,,,they will be CHASING it by $$$'s higher
Cintas(CTAS) hasn't traded over $30 this year, but some bulls are looking for the uniform company to rally past that level in the next two weeks.
OptionMonster's real-time systems show that traders bought up the May 30 calls throughout Monday's session, driving the premiums from 10 cents to as high as 25 cents. By the time the market closed, the calls had traded 5,363 times against open interest of just 825 contracts. Overall options volume in the name was 24 times its average daily total
Cintas rose 5.32% to $26.90 but is down about 6% in the last month. Although this is normally a very slow-moving stock, traders seem to be expecting a decent move because it needs to climb at least 12% by expiration for the calls to turn a profit.
Traders might be turning bullish after last week's strong nonfarm payrolls for April, which could suggest more business for the company. Cintas is a major supplier of employee uniforms to hotels, restaurants, and factories, plus items such as entrance mats and first-aid kits. Any pickup in hiring is good news for the company.
Cintas already seems to be doing something right, having beat analysts' forecasts on the revenue and profit lines the last time it reported earnings on March 18