RE:RE:Over valued or whatMany companies trade above NAV... in fact almost all do. This comapany is trading on the Leonard name. If the guy is half as good as his father at allocating capital (wanna guess what they talk about at family dinners?) then this should do well. This family is notoriously secretive so I suspect we'll only know about a transaction after it's done but if I had to guess they are looking for another fragmented industry to consolidate... a la CSU.