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Foundation Insulation Board Repair/Patch

Tuner
11 years ago

We have some very tattered insulation/waterproofing board on the exterior foundation of our newer home. What can I patch it with and what can I paint it with? Have tried some DAP acrylic, but it droops from the bigger areas. Any cost savings ideas would be great. Latex or oil paint? This is some sort of poly-styrene that appears glued, but breaks off like spray.

HELP! I'm in race to get this done before the landscaper gets here and I have A LOT to finish.

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