Why Mobile Mini Stock Sank Today
Shares of Mobile Mini (NASDAQ: MINI) declined by 14.5% on Monday. The portable storage company is facing some serious challenges -- and investors are growing increasingly concerned.
The first risk factor that Mobile Mini lists in its 10-K annual report is as follows (emphasis added):
Our business is subject to the general health of the economy, including non-residential spending and energy prices[. A]ccordingly any slowdowns or decreases in the U.S. or international economy could materially affect our revenue and operating results.
Source Fool.com