I wish that they are paying me LOL. I just like to write down my thoughts on stocks before I buy them.
Good point on there are plenty other of labour-hire companies in this space. But like swimmingtoad said, MAD focus on equipment maintenance while other mining services companies offer a wide range of services like engineering, drill and blast and also maintenance.
So a good example is: MAD is like a handyman and other mining services companies are like tradies. MAD works on small jobs and projects. They are on call when needed. While others often work on big projects, locked in a contract. Both have pros and cons, which I will get into in the next parts.
I know that because I own the stock, so I can be biased, that why I post my analysis up for discussion and criticism. But if there is a handyman company that serves more than half of the households in the market. I think it is safe to say that the handyman company is dominating the market.
Also, I agree with you that MAD is one-dimensional. But it's not necessarily a bad thing. Like Bruce Lee said: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” Ask yourself this: if you have lung cancer, do you want to go to a GP or single-dimensional oncologists?
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$6.29 |
Change
0.080(1.29%) |
Mkt cap ! $1.269B |
Open | High | Low | Value | Volume |
$6.21 | $6.34 | $6.14 | $1.319M | 210.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 78 | $6.28 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.34 | 1120 | 2 |
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No. | Vol. | Price($) |
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1 | 78 | 6.280 |
1 | 570 | 6.250 |
1 | 570 | 6.240 |
1 | 570 | 6.220 |
1 | 570 | 6.210 |
Price($) | Vol. | No. |
---|---|---|
6.340 | 1120 | 2 |
6.350 | 19807 | 3 |
6.370 | 570 | 1 |
6.380 | 328 | 2 |
6.400 | 1496 | 3 |
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