A few months after I became editor of PC FAB (the precursor to this magazine), I ran into Dieter Bergman. We had worked together for the six years just prior, during which time I had developed tremendous respect and affection for the big guy.
Cyclical industries are always predictable in that they are up until they are down. Kidding aside, correctly anticipating the swings is the goal of any buyer or seller. And every so often a particular event moves the needle drastically, to the point that even the veterans are caught off guard.