Reported 2 days ago
A bearish analysis of WillScot Holdings Corporation (WSC) raises alarms over the company's liquidity and fleet condition following a substantial debt offering. The shift from utilizing an Asset-Based Lending facility to a high-yield debt offering has caused skepticism about WSC's financial health and asset value. Recent investor day statements highlight concerns about the idle fleet requiring significant capital investments, questioning the company's long-term strategy and stock's worth amidst tighter lender scrutiny.
Source: YAHOO