Five to buy
Ashtead
Shares
Shares in this industrial and construction equipment rental business have wobbled after revenue disappointed in North America, its key market. A relatively quiet hurricane season and the Hollywood strikes have weighed on demand for Ashtead’s kit. But the market has overreacted to this transient disappointment, with the shares plunging to a one-year low. That creates an opportunity to buy into a “quality compounder” benefiting from the state’s infrastructure spending splurge and boasting an “exceptional” record of
