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AMERCO (UHAL) Announces Redemption of Preferred Stock
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ShareIan Gilson, CFA
AMERCO (UHAL - Analyst Report) 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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