That’s fair but is there anyone on D who looks as good as last year? Coop? They’ve had a bunch of turnover and look worse at every position group, imo

Baun would like a word

Basically all baseball except 1. Very very hard to book field time.

I’m interested

Wow. Why so cheap? Do people not like/do heirloom furniture?

What does a work of art like that run you if you don’t mind me asking?

When are you getting back in the podcast game?

Looks like most of that is look-through fees paid to the CEFs or BDCs the fund owns. Still wild.

If they have a cost-plus model, is this kind of like a packaging business where margin % is unimportant because of pass-throughs that go into sales? Have they talked about recovering margin %?

If this capacity is pretty marginal at current prices, how does it ever come on given the remoteness of the region? Seems like labor availability would make it difficult for them to adjust volumes. Does the USFS pay to push them down the cost curve?

Where do you think this new supply would fall on the cost curve?

Prob not a good proxy. This would include infra activity which has been less impacted than housing and is highly cement intensive.