Andy Cross
๐ค SpeakerAppearances Over Time
Podcast Appearances
The stock's been absolutely outstanding.
We put it into the Stock Advisor team, Hidden Gems.
Tom put it on the Stock Advisor scorecard in 2008.
It's up almost 40 times in value, absolutely crushing the market.
The last 10 years, last five years, and last three years, it has beaten the market as well.
They reported quarterly earnings.
The numbers will continue to be impressive.
Revenue up 9%, but what's really impressive is their margin profile.
They've just done a fantastic job managing that distribution network for office services,
uniform rentals, first aid kits, all those kinds of things that offices need.
Over the years, their growth rates have been somewhere in the high single digits on average of the last five years, but they've been able to continue to get margin improvements.
The margin profile grows faster.
They pay a nice little dividend.
They buy back some stock to make smart acquisitions.
The big news is they now are looking to acquire Unifirst, which is another huge provider of uniform rentals.
So I'm watching how that acquisition all works through because it will add a lot of goodwill to the balance sheet.
But hey, if a company can get the value out of those assets, it is CentOS, because they've done it time and time again.
So, CTAS is one I'm continuing to be impressed with and continue to watch, especially with the stock more than 20% off its all-time highs.