I decided to buy/sell/hold this stock because:
I decided to purchase Amerco (UHAL) because looking at its quote over the last 6 months we thought out that it must be a good investment. Over the last 6 months, UHAL has increased 60.92%. However after purchasing 100 shares of it at about $179 per share it has gone down about 3%. It previously closed at $175.75 and opened at $175.18. It is currently $173 per share and has been fluctuating over the last few days. I still believe this is a good stock due to its previous statistics. So far the earning growth for this year for UHAL has been 9.83%. It's annual profit for last year was 204mill. Just because it is doing a little worse currently is not enough incentive for me to sell this stock. This is a company that makes profit in the long run.
On March 28, 2013 Executive Vice President Chuck Hertzler announced that Todd Schnitzer has been named marketing company president of U-Haul Company of Western New York. Todd Schnitzer has been with the company since 1997. District 9 Area Vice President Levi Parmerter said that "Todd is a results-oriented individual who brings many years of experience to his new position," and that "Todd's proven leadership ability coupled with his extensive product knowledge and dedication to understanding our primary service objective will certainly lead his team to high achievement." This article makes me support my decision to hold onto the stock more because the marketing company president has a good background. He has been with the company for over 10 years and has previously proven he has leadership and experience to help the company's growth by the time we need. He has been promoted his way up to where he is now as a result of his good work. Whatever decisions he announces will most likely be profitable.
I believe that this stock will bounce back up to a higher price because of the season. Summer is approaching and people are more likely to be moving to different places for vacation, visiting family and friends, etc... People are always going to be going somewhere with their time off and may need to bring their personal objects with them. Uhaul will be there to help them and that should make the profits increase. This stock will increase past $179, the price we originally bought it for. I believe it may go for 185-190. From 2009, its annual growth has been increasing and exceeded analysts expectations. Seeing as how its reported earnings have been increasing each year for the last 3 years, it is logical to assume that the same will happen in 2013.
-Alexey Shamray
Works Cited:
"Todd Schnitzer Vows to Take U-Haul Company of Western New York to New Levels of Success." CNNMoney. Cable News Network, 28 Mar. 2013. Web. 01 Apr. 2013. <http://money.cnn.com/news/newsfeeds/articles/prnewswire/LA85519.htm>.
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