Pardner, they dont have the balance sheet for a buyback but im sure you know that. Cash needs to be conserved unlike other businesses who are swimming in it like Scruge mcDuck according to the shorters.
Dept is the percieved risk only, for this type of business MMA has below average dept. One thing im certain of the oil price will return to the mean. Demand is rising, more cars ,trucks ,buses, ships etc will be built than the previous years, the main concern here is polution not oil demand. Battery powered cars are well under 1% of market. Plastics will not stop growing until an alternative comes along?
Pardner, they dont have the balance sheet for a buyback but im...
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