Hi Micro!!  Merry Christmas!! With a dozer lik

 Hi Micro!!  Merry Christmas!!

With a dozer like this,(or other oversized machinery like this) the meter doesn't mean a heck of a lot, as long as you have a mechanic worth his salt, and the numbers crunch like Rice Crispies.. Every couple years you rebuild the machine from the bottom up,  and unless you are making money hand over fist, and ego comes into play, a total rebuild , by your own mechanic, may cost you $50,000 to 75,000 all told, but in the  end you wind up with a brand new machine every 3 - 5 years, if you keep up good regular maintainence. So over the long run, you spend a million  bucks on the machine over 20 years as opposed to buying new every couple years and spending 8-10 million on the equivalent Catillac version, just to own a new pig with lipstick..  ;} My guess is CWRN has maybe $350,000 total, including the DigNRip Bucket on the Rex. plus fuel, invested in the 365 & 375 excavators, and they will probably run like tops, for 2-3 more years before they start to get tired. The two machines have probably made the company $20-30 million in their short life spans with CWRN after expenses.. A new 375, out of the box, is going to set you back a buck and a half, and you might not get a seat with it or a bucket at that price!! LOL!! The day that Shirley puts out a PR saying they are buying some  brand new equipment, is the day you know your CMKX stock is worth a fortune.. IMHO.. We were getting pretty close when Bob bought the trommel and Terex wheel loader by my estimation..

  The D8 dozer in the link I posted, would sell for 10 times that opening price after a $60,000 rebuild. Also, if you have a keen eye when buying, that meter means a lot less. In the link shown, if you zoom in on the pictures, you can see the pads/tracks are like new on this D8. Plus you don't give an older dozer a paint job and then sell it for a price this cheap, unless you have an emotional attatchment to it.. The guy selling this machine cared for it, or he died and his kids don't have a clue about what it is really worth... I would bet my long underwear on it, and I live in Wisconsin..  lol..They could get $32,000 without the new paint job and it didn't run imo. If I was Shirley and bidding on this machine, I would go as high as 50 grand, and feel like I swiped it for anything less. If you pick up this machine for $40 grand and just used it for a spare, when the other dozers need maintainance or break down, you are so far ahead of the game, you could tattoo Einstein on your bottom, and walk down the Strip in Vegas naked, and never get picked up by the boys in blue..

Except for the couple dumb pills Bob took in the past, this company still has potential beyond belief imo.. The trick is to buy coal and turn it into diamonds for a couple years, and then buy the danged diamond mine, just because you can... LOL!