RE:RE:RE:RE:RE:Strong Third Quarter 2021/22 Financial Results That's a fair point and I don't have any special insight either. But I do think we have an idea of what the family thinks it's worth from Takascy. Mid 20's is what's been put out there. That would be 10x current run rate ebitda which does seem expensive for a cyclical business like this. But synergies would bring that price down considerably for an acquirer and there would be multiple bidders in a non forced sale. Plus this is one of the best brands out there in terms of industrial valve producers that's still independent. So I think that number isn't crazy
I agree that they don't generate the type of roic to be considered a good business, and they clearly have an over capitalized balance sheet as you state. This really is run like a private business and while they have made considerable improvements from and efficiency standpoint imo they probably have a scale problem and really need to come to grips with that and sell to the highest bidder.