Are there people on the forum who use excavators and do REAL work? 
Or people familiar with the industry.
For a few years now, I’ve been following a Swedish, infuriatingly profitable (how do Swedes manage it!) bucket company.
The company’s industry-changing innovation is simply… some gadget (“tiltrotator”) that makes the bucket tilt and rotate.
Look at this picture, where “engcon” is written in small print on the bucket:
I understand that a tilting/rotating bucket offers immense benefits for excavation work. But I don’t understand how this can be so revolutionary. Hasn’t this really been invented before?
This innovation, which seems “modest” to my eyes, has nevertheless created a business whose capital employed yields over 40%! In other words, every euro invested in the business generates 40 cents per year. For typical companies, it’s good if they reach 10%.
The stock has languished in a weak construction cycle, but the ever-optimistic Swedes are currently floating it on the stock exchange with a market capitalization of over one billion euros, even though the company’s turnover is… around 170 MEUR. Thus, the highest revenue multiples compared to an average software company.
Questions for experts:
a) Have engcon’s products changed your excavation experience?
b) Do these products have competition, or do you consider them completely unique, something no one else can manufacture?
Thanks.
P.S. A message written in this confessional tone could also serve as a slightly different style of thread starter if there are company owners or others interested in the stock here.
P.S.P.S. I opened the thread with minor additions.