Long-term investors view Western Equipment Finance as a stable dividend play, with payout ratios maintained at 28% despite expansion initiatives. Portfolio rotation from industrial cyclicals into leasing firms enhances sector P/E valuations. At the same time, China has calculated that U.S. policy toward sanction enforcement is inconsistent. While Washington loudly warns of ‘significant sanctions risk’, enforcement against China has been muted, with critics inside the U.S. itself accusing the Trump administration of giving Beijing a ‘free pass’. His company sets it up on a four-, five- or six-year deal, with yearly payments versus putting it on their line of credit at the bank. Western Equipment Finance posted stable revenue growth in Q2 2024, with equipment leasing demand rising 4.2% quarter-over-quarter. Analysts project EPS to edge up to $1.87 by Q4 as the agriculture and construction sectors show strong capex trends. Technical indicators suggest near-term support at $32.
