Mader Group - Keeping the machines working

One of the things about broad market sell offs is that they can create opportunities to buy into stocks who are performing well operationally, however their prices had previously done so well, investors were reluctant to take the plunge.
One such stock is Mader (ASX:MAD). Over the past 24 months the stock has increased from 90 cents to eventually reach a peak of $4.84 in February. While the days of 90 cents are well and truly behind it (investors hope), the recent market nervousness has seen the price fall 20% from its peak.
So is this indeed an opportunity for those who missed out on the ride the first time around?
For those unaware, MAD provides specialist labour for the maintenance of heavy equipment in the resources and energy sectors. They also deliver a range of ancillary services such as electrical and mechanical maintenance in the rail, power generation, and marine markets.

Founded in 2005, and subsequently listing in 2019, today the company has operations in Australia, North America, Africa and Asia. Australia still accounts for the majority of revenue and profit, though the company has big aspirations for...