It's amusing reading the messages and watching the stock price. Have any of you guys been involved in this industry before? Look back to the '90s.
Roll-ups in this business just plain don't work if you can't manage what you already own. With a low margin business like this and with a potentially softening economy, and paying dividends (LOLOL), this is a classic case of the roll-up that will, indeed, blow-up. When management is paying these prices - well, in my opinion, it's just unreal. Kudos to the sellers at these inflated price! But I wouldn't want to be left holding the BKD bag when they figure out that this business model doesn't work.