MP Lewis, you're absolutely right. When industry leaves, it doesn't come back. We've already seen that in the automotive industry. Once these plants close, they very rarely reopen.
The idea that you're going to be able to change the minds of these companies once they move is likely not going to happen because it's too expensive for us to move industry, especially with what we do, which is with very highly technical, specialized machines. I tell most people that one machine in my shop costs more than the entire plant, building and land that it sits on. That's not easy to move around, so once it leaves, it's gone.
To answer the rest of your question, I don't necessarily think that there's a good opportunity for us to try to save this business if we are looking at something longer than two or three months. You have to understand that this is an aging industry. Most of our owners are 65 years old. They're not going to stick around to try to fight this and go around again. Most of them will look at either closing their companies, moving them or trying to sell them.
The problem is that immediately, overnight, the multiples for these companies were cut in half, if not more, because they are no longer profitable. Nobody's going to buy a business now that's not profitable. It will just close or relocate.
