should fleetwood buy nod?

Is there any sense in asking if Fleetwood should just buy NOD at these levels? They have comparable sales but Fleetwood makes a profit. Fleetwood has a $500M market cap against $30M ish for NOD. So for 6% dilution and assumption of immaterial amounts of debt, Fleetwood could consolidate some competition.

Fleetwood would then take out the inefficient operating costs and turn around the company.

Note that Fleetwood's cash position is not great. They would probably want to take on some added debt to do this deal to provide some cash cushion.