It's still profitable though isn't it?
As an engineer I would tell you that it's better not to cut too deeply. Yes times are tough in the industry but the best of us are adaptable and willing to work elsewhere (or start up ourselves).
In the boom time any warm body could call themselves an engineer - to put it bluntly incompetence is the norm. If MND has a few years of low profitability I would still consider it a well managed business. It is of course a people business - grey hairs are your asset not the rookies.
Revenues have halved and they are still making money. That must have involved hard decisions.
MND Price at posting:
$9.23 Sentiment: None Disclosure: Not Held
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