Oct. 17 at 11:27 PM
$BRK.B Every cycle, the market prices
$MERC for extinction.
Every cycle, it survives.
Debt refinanced. Liquidity real.
Assets untouched.
Full deep-value breakdown — hidden PPA, land, and energy optionality: https://open.substack.com/pub/cundilldeepvalue/p/mercer-international-merc-deep-value?utm_source=share&utm_medium=android&r=1fqo4l