Good writeup Marathon, the company has a very strong track record. Apologies if I didn't quite pick it up through the report, but wondering about your view of margins. For what appears to be a very steady earner, EBITDA margins have moved around quite a lot. What do you put the decline to over the last decade and what are you basing the recovery of margins on in your forecasts?
Good writeup. Throwing it on my list of names to dig deeper into. Roughly, seems hard to like it at current multiples -- but need to understand it better.
Good writeup Marathon, the company has a very strong track record. Apologies if I didn't quite pick it up through the report, but wondering about your view of margins. For what appears to be a very steady earner, EBITDA margins have moved around quite a lot. What do you put the decline to over the last decade and what are you basing the recovery of margins on in your forecasts?
Good writeup. Throwing it on my list of names to dig deeper into. Roughly, seems hard to like it at current multiples -- but need to understand it better.