not just anrates, but material and labor costs, as well.ilders were leveraging the fact that those had rose. as they feel the building boom, they have so start hiring and labor rates are going to go up, as well. this is a company that was doing $6 billion in sales and had an enterprise value of 6 billion bucks before the credit crisis. it's doing $2 billion and it is worth $7 billion. had $4.80 in eps now, it's 74 cents. i ask you, what exactly are people thinking is going to happen? it looks expensive and they are nowhere close to what they used to do. it's really hard to make a bullish case, i think, for a stock at this -- >> so, walk us through the trade. >> here again, something very similar to the other trade i was doing, now i'm doing a bearish bet. i'm going to sell the july 34 for $1.80 and buy the 36 for -- against it, basically -- i'm sorry. $1.80 and $1. again, stock just stays here, i'm going to collect, if it declines and my risk is limited if the housing stock rally gets reignited. >> scott, do you like this trade? >> i do. it

that path to citizenship be less arduous, and there is the main complaint that you will hear this is anrats. ambitious bill. this is at a time when partisanship has diminished the legislative ambition of a lot of legislators in washington. this is an anecdote to that. it deals with border security, significant infrastructure investment along the border that will create jobs on both sides of the u.s.-mexico border. it deals with illegal immigration system so it is more skills-based undocumented in a way that the undocumented immigrants that at the end of the day i will take it. it may not have been how i would have done it, but i will take it. those are the major components of it. optimism, happiness can't explain the compromises, and that is why you see democrats fighting for this. >> thank you for being here. it is great to be on the stage with simon. i also am very astonished at how much progress they made and how in the big view how good a product it is. we can get into the weeds about the concerns come up, but it is remarkable, the work they have done, and a year ago, to say that republ