Well, off the cuff, the obvious one would have to be that we are...

Well, off the cuff, the obvious one would have to be that we are at a high point in the cycle (building activity). No?

@MarsC,

I'm hoping like heck the market interprets it that way and responds accordingly.

Indeed there is some (very brief) outlook commentary in the Annual Report that makes a veiled reference to a slowdown in activity expected in the current year (Adam licks chops).


Because, frankly, this was another pristine result from the preeminent "bathroom happiness" company.

Reading through the Annual Report I keep finding myself thinking, "Man, I'd hate to be a competitor to this company. Life must be pretty miserable trying to catch up, let alone simply trying to keep up in the few areas areas where you might be on par."

I wonder how Tradelink's delivery app compares to Reece's (actually, I wonder if Tradelink even has a delivery app). And I wonder how many Tradelink stores are being converted to solar power?