Lou Whiteman

Now, management has made some questionable decisions recently, I will say that.

They did a dilutive capital raise about a month ago.

It caused the stock to drop 15%.

That was a good portion of that decline I mentioned.

It's a solid business, a nice dividend stock to own, but it's not one to buy and forget.

Yeah, the six-month treasuries have been jumping, which, you know, music to my ear, but not really what we associate with the markets.

I think Andy did a great job, like, breaking down kind of the market dynamics and why maybe things, if anything, I'm a little surprised the overall markets have held up as well as they have.

I mean, you listen, you read reports, you listen to podcasts, you know, energy experts talk about, like, wow,

We are experiencing things that in the models we said, well, this is worst case scenario and we will never say, you know, and that's our reality.

I think part of this too is market psychology.

I'm worried, guys, because I do think that the damage done will take time to heal.

And I think it's a question of quarters or if not years, how long it takes to ripple through the economy.

And I think that as an investor, you know, I might not change things on that because I'm trying to focus on the long term.

I'm trying to be in companies that can get through down cycles.

But it feels like this is the straw that might break the camel's back and cause recession.

On the other hand.

What's happened every time the stocks have gone down since COVID?

There has been a pop.

And I do think the markets are likely looking for a pop when we finally do have some resolution to what's going on in the Middle East.

And I think that's kind of rational, especially if I'm a professional money manager and I'm graded quarter to quarter.