Amerco (NASDAQ:UHAL) announced earnings last week and while they were a little softer than a year ago they were more than adequate to satisfy me.
The company had net income of $371 million for the 12 months ending 3/31/2019. Last year they reported net income of $791 million, but that was distorted gains on real estate sold and the change in the corporate income tax rate. The company showed depreciation of $554 million so the amount of cash generated was over $900 million.
We mention this because of the UHAUL Investors Club in which we have 2 IRA accounts–Amerco owns UHAUL. We last wrote about the investors club on 5/18/2019 and you can see the info here.