Can you please explain how you think the Hadrian X/FBR will struggle with market penetration given their current direction with WaaS and recent Joint Venture with Brickworks?
Why would it be more profitable for the Hadrian X to lay 'any' type of brick when a Brick/Block manufacturer of BKW's size and customer base has pledged to make a specialized block that is considerably bigger (thus more efficient) than those currently used by bricklayers? Opportunity Cost in this instance would suggest that just because you CAN do something, doesn't mean that you should. If FBR signs another Joint Venture with Weinerberger, where do you think the difficulty in market penetration is coming from? They've stated and showcased in one of the videos that the HX is designed to lay the core framework of the structure.. Any veneer or stylized brick work will still be done by human hands.
Your can's and cannot's seem to be based on this stylized brick work, not en masse laying of the core structure in an estate or recent disaster zone. No one cares what block is used once it has been rendered anyway as long as it lasts for 7+ years with no issues.
If the HX through x Joint Venture is being heavily contracted for works, it would be pretty safe to assume that the block manufacturer will not care about dedicating or creating a new assembly line to facilitate this need (opportunity cost).
FBR Price at posting:
7.9¢ Sentiment: None Disclosure: Held
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