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Ashtead – still a geared play on US economy Inc

By Chris Bailey | Monday 27 April 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Back in those fake halcyon days of early March when all of us should have been extrapolating events in China much more aggressively on a global financial markets basis, I wrote about plant equipment and tools hire company Ashtead (AHT) that 'in the run up to the November Presidential election, I would still be chilling on this one'. This was a good call in the sense that the share has not held the twenty quid level I have talked about a few times before...however let's face it, most shares are down over the last couple of months or so. Today's update from the company is bullish in one sense...

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