Back in June 2019, a deep-dive into Integrated Holding (IHC) indicated a so-so business, tagged with a price forecasting a steep down-cycle for the upcoming 3-5 years. We did what we always do. We tore through public filings, financials, searched for strategic and economic strengths, read global industry reports on heavy-equipment rentals, and sent management … Continue reading Analyst Note | Why we passed on Integrated Holding (IHC)