Look at the banks. They sell a mortgage, and then do nothing for 30 years whilst the money rolls in.
That is what Buffett is on about.
With MCS how can one value the trucks?How can one value ongoing plant and equipment costs?
If Atlas goes under, where would MCS get another contract?
I am certainly no expert in this area, but would consider TPI, a safer investment.
Mining services is becoming a very competitive area.
MCS Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held
