Tracy Alloway

Now you can always make money if you've got a smart management team.

In every part of the cycle, the top, the bottom, the middle, there's always a play.

There's always a way to make money.

Now it's different in different parts of the cycle.

When things are depressed, you can buy back your stock, you can do M&A,

multiples are really high.

You can make a dividend and use stock for stock deals with companies.

So there's different plays at different parts of the cycle, but people who have the nose for money will be able to figure out how to make a buck in any part of the cycle.

I got to read your book.

All right.

Brad, we're going to leave it there, but thank you so much for coming back on All Thoughts to explain the latest deal.

Really appreciate it.

Oh, wait, I should ask before we let you go, any hints on the next target?

You have roofing, you have waterproofing, you have insulation.

What's next?

Tracy, we don't look at just one thing at a time.

That's what we, that's our MO in terms of M&A is look at, cast a wide net, talk to lots of different acquisition candidates at the same time, move them all forward ahead like a funnel.

and see who gets the finish line.

That way you're relaxed about it.

You don't have a gun to your head about a specific deal.