ABC have a very high fixed cost, so when you have slower demand...

ABC have a very high fixed cost,

so when you have slower demand and rising inflation, their leveraged earning will take a even bigger hit.

this is a cyclical business, so buying closer to $1 will be rewarded well if and when construction resumes…

the question of when will be slower this time round than last, assuming rates will suppress demand for housing construction for at least a year or two