Today’s chart highlights how “boring” businesses can be a boon to your portfolio…
Regular readers know that businesses don’t need to ride a flashy new trend to thrive. All they need is a safe, steady business model. It may not be exciting… but it works.
Cintas (CTAS) is a $30 billion provider of uniforms.
It also offers logo mats, and even services such as industrial carpet and tile cleaning.
With more than 400 facilities in North America, Cintas works with more than 1 million businesses.
And it may not be exciting… but providing uniforms and cleaning services is paying off.
Cintas recently reported solid quarterly results, with sales up 7% year over year to $1.8 billion.
As you can see, CTAS shares are in a long-term uptrend, up nearly 280% including dividends over the past five years. Shares recently hit a fresh all-time high. As Cintas continues to provide uniforms and work supplies to businesses across America, that uptrend should continue…
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Source: Daily Wealth’s Market Notes