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Tuesday, September 17, 2013

Mick McGuire of Marcato Capital Management presentation on United Rentals (URI)

Mick McGuire the founder and managing partner of Marcato Capital Management presented at the Value Investing Congress today and gave a presentation on why he thinks United Rentals (URI) is undervalued.  His thesis basically boils down to a couple key points:
1. Cyclical trends are positive
2. Favorable capital structure
3. Only scaled player in the industry
4. Attractive valuation

He thinks that URI is worth $96.34 per share versus its recent price of $56 or an increase of 72%.


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