I also bet on International Conveyors looking at the results which just came out. Even with lower revenues, the company managed to increase MARGINS, which tells me that they have a pricing upper hand.
Also, the business is niche and possibly cyclical in nature. Mines which are restarting or mines which need upgrades, would require new conveyor belts.
Interestingly, the public holding is kinda coming down, which is a GOOD thing.
Forward PE of 5, means there is a good valuation comfort as well.
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