Not 'high" debt levels... $24m currently, but the facility has the option to increase to $50m.
Given that they are probably generating between $10m and $15m per year in cash flow... and their assets depreciate quickly... so once the debt is paid off they will probably start another investment cycle.
It means that no real 'value' can be created for shareholders unless cash flow increases to about $20m to $30m per year.
MAQ Price at posting:
$6.00 Sentiment: Buy Disclosure: Not Held
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