dead in the water?, page-5

Dead in the water? That notion displays an astounding level of f*wittery.

This is a company founded by Michael Coote as Coote Industrial, and screwed up by him. Luckily, one of the smartest company managers in Australia, Dale Elphinstone stepped in, and saved the company from the claws of bankruptcy. Dale, who is getting on in years, was not only good at running a business, he was good at empowering people to run them for him, and Engenco has been superbly run since Dale's acolytes have been in control.

Engenco is what it is, an engineering company, so it must be compared to peers in that sector. I think if one knows what EGN has achieved, knows its debt position (zilch), and understands the impact of Covid on that sector, one would be hard pressed to nominate a peer business that has done better over the last five years.