Ian Gilson, CFA
AMERCO (UHAL) has announced the redemption of its 8 ½% Preferred Stock, effective June 1, 2011. This will save the company close to $ 3 million ($ 0.16 a share) a quarter in cash. It does not affect our price target and recommendation ($ 110 a share and Outperform) which are based on EBITDA data.
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