Agree that it is a well-run services company. Keen to see what's driving the price down? Skeletons?
My inquiries led me to conclude that it is an old-school construction/services company that is decently-managed, but not ambitious (note the high dividend payout ratio). Low debt, lots of cash in bank is always a good sign. Its (low) net margins are fairly typical of the industry.
I don't know if we will see spectacular growth in the engineering segment of the company, but certainly the maintenance side of things is stable. I think $10/share is the maximum I will pay for it at this time, unless I see some real signs of growth.
Keen to hear what others think?
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