Value Microcaps Motherboard

[curlews]

Re: CCME - It seems that some margins are already slated to come down over the next few years. See the July 26 PR about adding 805 buses in new contracts:

"As per the terms of the agreements, CME will pay the bus operators a fixed monthly concession fee over the term of the contract, with annual increases of 10%-30%."
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Those are very steep annual increases. Assuming they can't raise their advertising fees at the same rate, erosion of margins seems certain.