Pinned straw:
I see Harley Grosser has written an insightful report on KME in LiveWire (his fund bought over 4 million shares recently):
"...we feel comfortable we have acquired a business run by smart operators, with a long-term track record for growth and market tailwinds all at a very low multiple of free cash flow."
Back to School - A 50 year old business on PE 7x - Harley Grosser | Livewire