The United States employment situation really hasn't gotten much better
over the last year, but that hasn't hurt the shares of uniform supplier Cintas (Nasdaq:CTAS)
all that much. Up more than 45% over the past year, it's worth asking
whether investors have already baked in an improving job market - even
if those improvements have yet to show up in the government's
statistical data. Cintas remains a high-quality, well-run business with
some meaningful barriers to competition, but the valuation case is a
little more unclear.