Author Topic: NC - Nacco  (Read 10926 times)

Spekulatius

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Re: NC - Nacco
« Reply #20 on: March 10, 2020, 03:56:34 PM »
Long term contracts in doubt, fee management of coal mines still means the fixed-fee managers is exposed to the customers going bankrupt.

Even if customers donít get bankrupt, how much life is there left on this business? Terminal value would be determined by liquidation proceeds?
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Foreign Tuffett

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Re: NC - Nacco
« Reply #21 on: March 10, 2020, 04:16:41 PM »
Long term contracts in doubt, fee management of coal mines still means the fixed-fee managers is exposed to the customers going bankrupt.

Even if customers donít get bankrupt, how much life is there left on this business? Terminal value would be determined by liquidation proceeds?

Yeah, this is my concern here too. I have in my notes that coal fired power generation lost nearly 50% of its market share in US between 2007 and 2019

Former Teldar Paper Vice President