What you're offering is nothing more than a general critique of the concept of distributing companies. You assume everyone misunderstands Howco's business model. We understand it perfectly well.
Howco is aggressively seeking and being awarded very specific high-dollar CONTRACTS from the Defense Logistics Agency, The U.S. Coast Guard, the U.S. Navy, and more, and we have endless documentation on assorted federal spending websites to back this up. Their margins are improving, as evidenced by the last 10-Q.
These are facts.
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