You're asking the wrong person because I don't rate the company...

You're asking the wrong person because I don't rate the company at all.

They execute projects poorly and with little control over cost IMO. It doesn't surprise me they currently have problem projects in their portfolio, and in this industry problem projects have killed off many construction businesses.

As for Homeground, it's not worth $85M. That valuation is a joke. You'd struggle to get someone to stump up $10M for it.

Therefore, market cap would be $10M + however you value construction business - and that could be $0M.