Let's hope not! Look at the price/sales ratio for comparable companies...QEPC is worth $84 based on revenue. Look at the cash flow, do away with the dinner-table board and other costs with being a public company, and this company is worth $100 in an acquisition by Stanley Black and Decker or someone like that. QEPC is a high value company locked up by being so closely held. The board is clearly responding to the majority ownership in keeping it very much under the radar of investment bankers and not in play for independent investors. Hopefully the few mutual funds, etc., with holdings will figure out how to unlock the value some day. Meanwhile, the company continues to get more valuable via acceptable performance, stock repurchases at bargain prices, and expansion of product lines. Management is doing a good job, apart from SG&A, but the board does not appear to be doing a good job for independent investors. Governace would improve with a stronger presense of independent directors on the board, chairmanship vested in non-management board member. Meanwhile, the majority holding family enjoys the primacy of complete control.