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.
