The Asymmetry of Copper Pricing

I never thought that we could go up by that amount. Kwann and I had looked at Encore Wire,. We talked about Encore Wire, that if there ever got to be a more meaningful spread in terms of like volatility and, you know, copper and all that, and copper got more expensive, did they make a lot of money? And the people might've been underestimating how much it was poor copper pricing that was contributing to margins being muted. Well, we never thought it would go up as much in a single year that they would earn so much. Yeah. So yeah, this was super cheap. And no deterioration yet, but feared deterioration.