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That is true - there's no way to avoid the business cycle and broader markets will likely continue to pull back - good companies & bad will suffer (probably ACAS as well). That's just the way the market works.
However, I like this for a possible long term play because, on the surface, the value proposition appears compelling. Does that mean it is buy now? Absolutely not. However, I like to build and research a short list ahead of time so I can monitor the good companies that suffer in tough markets. Housing is a nightmare - and will continue to be for some time - but there are well managed companies out there that will be buys at some point.
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