Stephen Boland
Managing Director and Equity Research Analyst in Diversified Financials at Raymond James
Okay. And maybe just onto some operational. I mean, I think in your comments, you definitely said that, well, I think you said, I wouldn't say definitely, that, you know, you've passed the trough on new issue and, and for a new issue, and advisory, you know, is in the past. You know, in, in past, I would say, cycles, when there's a particular segment that becomes, you know, where underwriting becomes very, very hot, M&A, you know, whether it's cannabis or crypto, Canaccord has always, I would say, had a first-mover advantage, by adding, you know, resources to those segments. Do you see that in your horizon here, too, that you're gonna need resources that, you know, whether it's metals, whether it's technology, something that is, you know, a certain segment that is, in your mind, you know, hitting that point where we need to be prepared for, you know, material increase in activity?
