Subject: Re: buy Canadian
You and me both. And in both cases, the multiple seems to just keep getting worse, at the same time that they seem to be getting close to the end of their growth into their addressable market. If the multiple ever drops, it is likely to be because growth is ending, and I wouldn’t want them anyway. Seems like it’s just too late now.

Your logic is impeccable. But I have to observe that it's the same logic I used when not buying them a decade ago, so who knows? : (

Jim