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General Finance Corporation (GFN) [hlAlert]

down 48.51 %

General Finance Corporation (GFN) rated Buy with price target $3 by Morgan Joseph

Posted on: Thursday,  Oct 1, 2009  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy General Finance Corporation (NASDAQ: GFN) on 10/01/2009. Previously Morgan Joseph rated Buy General Finance Corporation (NASDAQ: GFN) on
04/15/2008., when the stock price was $7.05. Since then, General Finance Corporation has lost 48.51% as of 09/21/2015's recent price of $3.63.
If you would have followed the previous Morgan Joseph's recommendation on GFN, you would have lost 48.51% of your investment in 2715 days.

General Finance Corporation (GFN) has two operating subsidiaries, Royal Wolf and Pac-Van, that leases and sells storage container products, modular buildings and mobile offices through 18 customer service centers (CSCs) in Australia, six CSCs in New Zealand and 26 branch locations across 18 states in the United States. As of June 30, 2009, the Company had 28,227 and 11,347 lease fleet units in the Asia-Pacific area and United States, respectively. The Company does business in two distinct, but related industries; modular space and mobile storage. Pac-Van leases and sells modular space products. In October 2008, the Company acquired Pac-Van, Inc., through a merger of Mobile Office Acquisition Corp., the parent company of Pac-Van, and GFN's wholly owned subsidiary GFN North America Corp.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 8:25 AM Buy
1.50 3.00
as of 12/31/2009
1 Week up  96.96 %
1 Month up  116.66 %
3 Months up  79.31 %
1 YTD up  52.94 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/18/2009 8:25 AM Buy
1.55 1.00
11/21/2008 9:25 AM Buy
2.60 5.00
4/15/2008 9:25 AM Buy
7.05 9.00

(*) Stock Price at the time of the recommendation.
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