Nervous Wall Street Drives Market Lower

Flash Alert

Oct 22, 2018

Dear Sheryl,

I’m currently working on your November Issue of Growth Investor, which will be published after the market closes on Friday. But there was one thing that couldn’t wait until Friday. This morning, I have one new sell for you to make. Keep reading for the complete details…

Over the weekend, my screens detected a deterioration in Earnings Yield and Growth Fundamentals for Mobile Mini, Inc. (MINI). So, MINI was downgraded to a D-rating in Dividend Grader. In other words, Mobile Mini no longer has the type of underlying strength that we want to see from an Elite Dividend Payer.

Today, I’d like everyone to sell MINI.

We added MINI to the Elite Dividend Payers Buy List in March 2018. At the time, the portable storage solutions company was experiencing double-digit sales growth and triple-digit sales growth. This, coupled with a 2.2% annual dividend yield, made the stock a solid addition to our Elite Dividend Payers.

For the most part, MINI has lived up to expectations. Last week, the company posted solid results for the fiscal third quarter. Last quarter, Mobile Mini brought in $149.7 million in revenue, 9.6% higher than Q3 2017. This beat the $148.4 million consensus estimate by about 1%. Mobile Mini also reported adjusted earnings of $19.1 million, or $0.42 per share. This topped the consensus estimate by a penny, or by 2.4%.

MINI shares rallied after the announcement. However, given the stock’s deteriorating fundamentals, let’s take advantage of this bounce by selling MINI into near-term strength.

At your convenience, sell MINI. Those who added MINI at the time of my original recommendation should be selling it at about a 5% loss (including dividends).

I’ll be in touch on Friday with your November Issue of Growth Investor. In the meantime, it’s going to be a busy week for earnings, so I’ll be posting regular updates to the Earnings Center and Updates Center.

Sincerely,

Louis Navellier

This message was sent:

Oct 22, 2018 08:04:31.829

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