Spot on e350.
One major reason I've invested in MMA is for the offshore wind segment. They well versed in the sector supply and construction but there's on thing that has a time lag for earnings. Maintenance.
The turbines are in a very harsh environment. There's going to come a day when the maintenance Capex for these massive structures will explode. MMA's reoccurring revenue will follow suit.
i can see this company riding out fluctuations in the O&G sector and I think they're smart enough to realise being leveraged to Offshore Wind is the vehicle to implement that strategy.
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