Is This a Cyclic Industry?

I expected it will be worse than we've seen in the 2010s, like the last one people remember is like five years ago or something. The amount of demand versus supply in the industry is going to be so bad that I think that you could have some real strong price declines. This is a cyclical industry. You can see a cyclical one by just looking at the return on invested capital chart. It's rare that revenue will grow and gross margin will get worse. So that's just showing you like it's pure pricing is when you see that. And it's pricing of this year versus last year and stuff like that.