my point is the assets they are using to generate their revenues on wind farms are all leased rather than purchased. So yes they are paying down old debts, but they aren't paying down the larger cranes so their position won't improve significantly. They've been pretty quick to position into the wind farm space so have done well with that - they also have some experienced crews and supervisors in that area. But its a problem in my opinion if the assets aren't being paid down to improve their position over time as the wind farm space is still heavily reliant on government grants which can get switched off at any time.
BOL Price at posting:
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