Topic: How To Invest

What is Pat’s commentary for the week of August 3, 2022

Article Excerpt

We first recommended Cintas in the October 2005 issue of Wall Street Stock Forecaster as a buy for aggressive investors. We felt the company’s dominance in the niche uniform rentals business gave it reliable revenues and cash flows. Its ability to sell other products and services to its clients, such as floor mats and cleaning supplies, also enhanced its appeal. The stock has not disappointed. Despite dropping nearly 50% in 2020 when COVID-19 shutdowns hurt its hotel and airline customers, it quickly shot up to record highs in 2021. In fact, Cintas is now up 931.1% from the $41 it was trading at when we first added it to our coverage. We feel the company, and the stock, has many more years of growth ahead, particularly as it currently serves just 1 million of the 16 million businesses in North America. The pandemic has also prompted more of its clients to buy its cleaning supplies and services. I asked our Successful Investor research…

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