Hey there. Sorry for the late reply, I didn't know much about these companies so I had to do a bit of digging.
MCB wouldn't be something I would typically look to buy just because of the cyclical nature of the industry. We can see during the last deep oil bear market from 2015 and onward the company really, really struggled, losing more than 75% of its value.
The company's free cash flow margins aren't really all that attractive either. $84M in revenue but only $2M in FCF. I worry a bit about the dividend. It is paying out $2.6M in dividends with only $2M of FCF. If we get a prolonged downturn in the energy sector, it would not surprise me at all to see this dividend cut.
I don't necessarily think it is a bad company. It seems well managed and growing at a reasonable clip here but it isn't really my cup of tea.
Zedcor is your typical high growth play here. Large revenue expansion and a cash burning company with a lot of share dilution. The company seems to be making some large expansion efforts south of the border which is ultimately fueling revenue growth.
This one seems interesting.
The company’s growth model is straightforward. Build more towers. Deploy them to clients under long-term or recurring contracts. Maintain high utilization rates to maximize return on each asset.
If they continue to deploy towers at high utilization, maintain margins, and find the capital to fund expansion without going too heavy on the debt or equity side of things, it could be a solid option. The only difficulty is the company is very much in the cash burning phase, and will likely continue issuing more equity to expand.
If you're owning this, it is likely because you believe in the growth story and don't mind financing the company's growth operations via being diluted by share offerings. It has a decent margin profile, reasonable balance sheet. It just NEEDS its expansion south of the border to continue to accelerate and make all the capital raises worth it.
High risk high reward option here. Not one I'd personally own, but one I wouldn't blame investors for taking a position in if it was a very, very small portion of their portfolios.