U-Haul Holding Co (NYSE:UHAL)

$ 69.11 0.2 (0.29%) Market Cap: 13.09 Bil Enterprise Value: 17.79 Bil PE Ratio: 22.25 PB Ratio: 1.91 GF Score: 90/100

Amerco Corporate Annual Virtual Analyst & Investor Webcast Transcript

Aug 22, 2019 / 06:00PM GMT

Release Date Price: $34.32 (-1.11%)

Transcript

Edward Joseph Shoen

AMERCO - Chairman of the Board, President & Principal Executive Officer

Hello, this is Joe Shoen in Phoenix, Arizona. Today, we're going to talk to you a little bit about U-Haul trailers. Trailers, as you probably know, is how U-Haul started. We didn't really even get into the truck business until 1958. So from 1945 to 1958, our business was exclusively trailers, and trailers still play a large part in our business. This year, we will probably do over 3 million trailer transactions. And we will probably do over 1.4 million transactions with equipment designed to tow the customers' car behind a vehicle.

At the end of the war in June of 1945, my mother and father and their young baby needed to go from Corona, California to Portland, Oregon. They had a '40 Ford Tudor. It wasn't big enough to carry everything they wanted. So the entire ride home, they discussed offering a trailer rental service so other people similarly situated wouldn't have to give away their possessions, which is what my parents did. They gave them to their friends and relatives. And then they returned

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