Margins !! Great little company, BUT I believe the margins are just too thin to trade at any decent multiple IMHO !! Going against their biggest competitors (CONCRETE) they will struggle endlessly!! The north American economy has been on fire for 4 years ( post Covid ) and if they were ever going to earn a decent multiple, it would have already began to of taken place ! IMHO the company should be taken private! At least someone would benefit from all the hard work management has been able to accrue! Google luck to all . I just believe there r too many really good stories (companies) to invest into. If there is a slowdown in our economy's , these small infrastructure companies will be the first to feel the pain !! And ultimately YOU !