This company like many others have much of their debt in floating rate debt. I had been interested in it for a long time but decided not to buy it after I found that out. As rates rise they will feel the pressure on earnings. Maybe not in the short term since they hedge it but once those hedges roll off it will be a big pressure on earnings as debt interest rises. I have been focusing on good yielding stocks with fixed rate debt.
Compare TGH with AL in the same group.
TAL the better buy with higher debt.
IMO it is all about positive earnings.
TGH lags TAL because of poor earnings.
On the positive side, the downside is 34-36.
Wait for TGH someday to revisit over 40.