Our quarterly uniform rental survey reported multi-year highs across most metrics, continuing a general sentiment-driven improvement pattern described post-election, with our Add/Stop Index producing its strongest reading since December 2005. Further, growth expectations are now at four-year highs with pricing pressure easing. Data is difficult to reconcile against more muted recent employment data, however. We believe the survey’s results are most correctly viewed as evidence that the industry is facing more positives than negatives, a positive data point for our longer term-oriented investment thesis, particularly for CTAS (Cintas Corp.). Less importance should be attributed to the magnitude of the positives ...