Cintas may do that for the uniform business. That's the scenario outlined by Merrill Lynch in an admiring portrait by Fran Blechman Bernstein. Her Dec. 18 follow up told of even better 2Q results, albeit on lower sales growth than she expected. Here are some fundamental highlights as outlined in Bernstein's first report. Cintas has industry leading margins, which can expand further.
Management is proven and deep.
The CFO joined in 1995. Note also that the top executives of this Cincinnati-based company have the majority of their net worth invested in Cintas stock. And, unlike most company options, theirs do not begin to vest until five years after the grant date. There are 104.9 million Cintas shares. In all, the salesmen serve 250,000 customers in 249 of the top 300 U.S. markets.