Ann: FBR Corporate Update and CFO Change, page-3

  1. 20 Posts.
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    I agree. The long delay to build new units is a big challenge. Makes sense though, as FBR building one at a time at the shop is essentially like any of us renovating a dream sports car at home in our garage. Once FBR has an order for multiple machines, I'd assume we could quickly streamline production by outsourcing portions of the builds to established manufacturers.

    It's also promising to see FBR leadership has finally seen the folly of holding firm on WaaS as the only way forward. WaaS should essentially be only a side hustle. Selling units directly to contractors is the winning model. In the US there are large mason contractors specializing in residential work who could be the first to set the trend if given the opportunity to BUY or even RENT a unit. They would still have masons on staff and would blend their regular crews with the HX crew. Training existing crews to use the HX is a not a big deal and many would love the chance.

    Nonetheless, there looks to still be some hope for FBR. We just need the financing available so we can have more HX units gassed up in the parking lot rather than just offering a promise for a unit twelve months down the road.
 
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