Spruce Point Capital Management Releases A Strong Sell Research Opinion On Cintas Corporation (NASDAQ: CTAS)
Cintas Corporation (CTAS)
Last cintas corporation earnings: 3/19 04:15 pm
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US:NASDAQ Investor Relations:
cintas.com/investors
Company Research
Source: PR Newswire
NEW YORK, Nov. 13, 2019 /PRNewswire/ -- Report entitled "Uniformly Bad Business Practices" outlines how Cintas faces 60-75% downside risk to approximately $69.00 to $107.00 per share when accounting for its weakening fundamentals, aggressive accounting, regulatory and litigation risk related to the fire business, poor governance, and extreme valuation.- Fundamental Challenges & Growing Signs Of Strain Following G&K Acquisition: Cintas acquired G&K for $2.1 billion in August 2016 after sweetening its offer three times. Based on industry research and expert discussions, we believe that G&K had a very poor reputation with customers and carried meaningful exposure to the challenged oil, gas and mining sectors. Despite this, the lofty acquisition was likely necessitated by Cintas' slow underlying growth in its core uniform business and the accounting flexibility that the acquisition would afford. Despite analysts' praise of Cintas' performance following the acquisition, numerous si
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CTAS
Earnings
- 9/25/24 - Miss
CTAS
Sec Filings
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- CTAS's page on the SEC website