Nice overview! The customer concentration point is crucial becuase high-value specialty fabricators can still get hammered if their biggest client consolidates suppliers or cuts orders. The automatio pitch makes sense but deployment costs are brutal for mid-sized shops, which is why commodity fabricators are trapped in low-margin hell.
Nice overview! The customer concentration point is crucial becuase high-value specialty fabricators can still get hammered if their biggest client consolidates suppliers or cuts orders. The automatio pitch makes sense but deployment costs are brutal for mid-sized shops, which is why commodity fabricators are trapped in low-margin hell.
Are there enough to do a roll up United Rentals or Waste Management style?