我们说的是DNOW。DNOW是一家主要专注于石油和天然气的分销商。现在他们涉及上游、中游、下游，遍布石油和天然气领域。
we're talking about DNOW. DNOW is a distributor mainly focused on oil and gas. And now they're upstream, they're mid-stream, they're downstream, they're all over the oil and gas.
Steve对Dow有一个非常有趣的观点，这是10年前分拆出来的公司，为什么分拆后表现不算差但也不算好，他认为环境正在形成，比如试用倍数、试用评估、试用一切，他们在代理文件中指出了这一点，他们刚刚完成了一项合并，整合已经完成，自由现金流即将爆发，我认为他详细阐述了为什么他认为未来几年该股从这里真的可能大幅上涨。
Steve's got a really interesting view on Dow this was a spin-off 10 years ago and why you know the spin-off hasn't gone I don't want to say poorly but it hasn't gone great and he thinks the environment is setting up like trial multiples trial eval trial everything and they point this out in their proxy trout and they just did a merger the integration's behind them and the free cash flow was set to explode and I think he lays it out and he lays it out why he thinks over the next few years the stock could really really work from here.