Macquarie Infrastructure Company LLC (NYSE:MIC)

CAPS Rating: 4 out of 5

Owns, operates and invests in a diversified group of infrastructure businesses, which are businesses that provide basic, everyday services, such as parking, roads and water, through long-life physical assets.

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2
Player Avatar NotJesseL (59.96) Submitted: 1/20/2009 7:45:24 PM : Underperform Start Price: $4.38 MIC Score: -439.79

There is too much risk here. Why are there 800 m of intangibles on the balance sheet for example. Why is the net income .5 m /quarter on sales of 250 m. I expected to see not much debt, and I see that lt assets vs lt debt has a ratio of almost 1 if you throw out the non-tangibles. (Might be something real like naming rights or air rights, or it might be just water for all I know).

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