Purchase Details

Company: UniFirst
Ticker:UNF
Yahoo Beta:1.03
Industry:Specialty business services

Company Description:  UniFirst provides uniforms and cleaning supplies for corporations.

Purchase Date:02 Dec 2020
Purchase Price:$186.05
  --Split Adjusted:$186.05
Shares Purchased:20
  --Split Adjusted:20
Transaction Fee:$0.00
Price Range (6 Months Prior):    
High$200.48
Date10 Aug 2020
Low$163.74
Date27 Oct 2020
S&P (Purchase Date):$3,699.01

Timing:  We bought near the midpoint of the six month range.
Reason:  UniFirst has stable revenue growth of about 7-8%. The company has a strong distributed network, has a history of making good acquisitions with sufficient cash to continue the program, high customer satisfaction, and a best-in-class distribution network. The industry requires large capital expenditures and benefits from operating and a large scale, making it challenging for new competitors to enter. UniFirst is expanding in Europe, as well.

Total Spent:   $3,721.00