1Yr·

$WSU (+0.12%) How would the group here rate Washtec?

Am now times with ner mini position purely.

- small second-tier stock

- but I think that even in a downturn people still like to have their cars washed.

- through their business model they also sell car washes to startups that go into business for themselves as car wash operators

Am curious about your 💡

2 Comments

Hannes@Hannes_SK

1Yr

The company's interesting segment is reconditioning systems. Car washes are probably not a growth market, and the fact that they perform the service themselves means that the margins are also conceivably poor. They should therefore rather concentrate on mechanical engineering and sell their service externally through licenses. Then there is also a margin potential of >15%. Beyond that, a sustainable debt reduction must first take place. The management has a good plan for this, but the realization must also become apparent.

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Name M.@userc818a6f2df6247c9

1Yr

Thanks for your thoughts

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