I read the same report off IBIS and a couple of others they had the average profit at 6%which wasn't an opinion it was based on data there's going to be much difficulty expanding MSO's unless they have an equity injection doing so on organic growth is very difficult so in a sense the industry is in a straight jacket and relying on an outside equity investor handing over a few hundred mill if they wash to go to 50 or so sites that's why I think of AMA Group being under plant and equipment value at the moment. If an entity decided to enter the market setting up 100 or so body shops in one hit would cost a fortune .
AMA Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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