Hey everyone: oh there we go hey everyone! Welcome back to another live stream wow. This is insane uh peloton is plummeting uh and uh. It's actually creating a specific buying opportunity that i want to talk about here. Let's switch cameras here there we go.

Let's talk first about what's going on regarding peloton, then i'm going to talk about a different stock. That's getting hurt because of this as well. That could actually end up being a really good buying opportunity. Let's talk about that right now.

First cnbc broke this story, so they got the story. There is no news about this on the investor relations website over at peloton. This is just straight up news breaking the story, so uh cnbc breaks the story here. That peloton is halting the production of its bikes.

Now peloton is a stock that, during the pandemic i bought. I bought this stock in the low 20s, the late 20s and then in the 30s and 40s and 50s, and i rode this thing with options and shares well into the hundreds. Now i sold out of my entire peloton position at a hundred and thirteen dollars. This was, after even buying the dip at 79 when they had their massive lawsuit allegations around the death related to their treadmill and their recall, so i sold at 113.

Why did i sell? Because we started seeing demand on uh on their uh on google search trends on website analytics databases full, we started seeing the price get cut, and this was a big one. A firm the buy now pay later platform that provides the uh buy, now pay later options on peloton bikes. They started distancing themselves from peloton six months ago, so the writing was like all over. That peloton was going to be having big issues coming up.

That was what motivated me to sell, but take a look at this now, because this is crazy. Keep in mind anytime, you want to get my buy, sell alerts, check out the stocks and psychology and money group there you get lifetime access to that program and i've got a coupon expiry in about eight days. My birthday anyway, peloton halts productions, uh of their bikes. So peloton is temporarily halting production of its connected fitness products as consumer demand wanes now, keep this in mind there, and we were talking about this on a live stream about two or three days ago.

There are so many of these bikes showing up on secondary marketplaces, and the thing is the bikes are actually really good: quality, they're, very good bikes, but because they're so good and they're such good quality. There's really no recurring need to keep manufacturing them. People who want them can just buy the darn thing news and peloton, and this blows my mind. Okay, peloton right before this happened.

Peloton just announced that they're going to start charging people for assembly of this darn thing which is like cuckoo for coco puffs, because they they should be incentivizing people to buy this not to uh, encourage people not to buy this or encourage people to buy it. On the secondhand market instead, pelton takes the approach of you know what we need to increase our margins. Let's just start charging people to assemble the bike. Like oh my gosh.

This is so dumb now they've gotten to the point where they're halting production, because they don't need anymore. They got enough. The company said in a confidential presentation dated january 10th that demand for its connected fitness equipment had faced significant reduction around the world due to shoppers price sensitivity. This, by the way, very, very important price sensitivity.

Critical. We want more price sensitivity in the market. We want consumers waking up and saying why luigi is here: we're no longer going to pay any price and no more inflation for us. Okay, that's that's good.

We want resistance from consumers. Uh if demand is, is uh too uh, too inelastic or unresponsive to price. The price keeps going up pricing your vertical uh anyway, they do report their second quarter results on feb 8., so that'll be interesting, pelton temporarily halting production uh. Let's see peloton plans to pause bike production for two months from february to march documents show uh.

Let's uh, it has already halted production of its more expensive bike plus in december and will continue to do so until june and it will not manufacture the tread treadmill machine for six weeks. You know another crazy thing that peloton announced in addition to charging people for the assembly. They announced another thing that they want sales people at their malls, uh to start um, basically doing customer service calls, which is just like also kind of cuckoo for cocoa puffs like seriously uh it makes makes uh. It makes little sense, sometimes here but um anyway.

Let me uh, i'm gon na make a quick call with y'all uh here together, because uh watch this we got ta, we got ta buy the stock, that's suffering because of this hold on that phone sucks anyway. There's another stock: that's suffering because of this peloton news, but this company has already separated itself substantially. Oh here we go call me back here: hey tom, can you hear me all right, hey totally uh can. Can you throw in a purchase really quick with some of that that we just raised? Let's just throw a 300k in uh, you could throw out market on uh afrm, it's a little over fine yep thanks man, bye thanks old school brokerage account! That's where i got some cash right now anyway, that's one of the things that i'm doing right now: uh because guess: what's falling on this news, affirm uh, okay, um hold on one sec.

Let me send this really quick and then let's, let's talk about this? Okay, good, so uh a firm is falling right now. Oh, this is perfect time. Hopefully it literally goes through right now and i'm not blowing all my cash right now that i have i'm gon na buy more of this. If this keeps going but take a look at this because of this peloton news, look at what's happening, a firm is getting destroyed right now, and that is the dip that i want to buy right there.

This is a juicy kind of dip right here now. Why is it falling because of peloton? Peloton is absolutely something that folks associate with as dragging a firm down because a firm it a firm got its name from oh hold on i froze there. There we go there, we go a firm got its name from uh, providing essentially zero percent financing on peloton, bikes and uh. A firm has since substantially broadened their uh uh their their their reach to not only providing services on target.com, amazon walmart, the affirm debit card.

Really, what uh, what a firm is becoming, is another payment processor, much like a mastercard or a visa like that's. Their goal is to try to be in so many different places to where you go to check out using a credit card or debit card, that, instead of using a credit card or debit card, you press the little button instead of credit debit. You press buy now pay later and you buy something like or you buy, with a firm and so right now. I think uh because of this disaster happening at peloton, which the stock right now is frozen.

Uh it is uh. This is like the second or third halt that we've experienced right. Now, it's basically going straight down uh. We we started earlier.

We were sitting at about 32 right now, it's sitting at 24. uh. That is a drop of about 25. So we should see if we go to the negative here.

Yes, 24.56 decline right now on piton, it is creating, in my opinion, an opportunity to go shopping for a firm, in fact, uh a firm immediately here you started seeing that curve as soon as uh uh. The the peloton news came out, a firm was actually rising intraday, it was up about three percent, and now it's down about five percent seems like it's recovering a little bit here at the moment uh this uh. This is a dip uh that i just bought i'll find out. Once i get my email confirmation when it actually went through it, but anyway uh yeah, a firm is falling because of piton.

Let's see if we can get a little bit more detail on or a little bit more color from the article here so uh it doesn't expect. Now. Oh wow, that's crazy. Peloton now says it doesn't expect to produce any tread uh machines in fiscal 2022..

That's that's! Wild so they're not making any of these in 2022 uh, that's the treadmills. The bike will be halted until february and the other the bike plus is already halted until june. Let's take a listen here for a moment um, but at this point let's see hold on a second here. I want to get uh.

Let's see if cnbc is just now talking about this as well, and let's see, let me get some audio nope. Okay, it doesn't look like i'm gon na, be able to hear it okay. Well, it's not so important. We could just cover it right here.

What is wrong with this thing? I will figure it out. So, oh there it is okay. There we go, got it! Okay. Let's listen to them for just a second that it was expecting uh when it made a media splash with that product.

Recently, incredible again, the shares are down at 24 um, which is probably an all-time low if they opened for trade a couple of years ago and their ipo at 27. So a huge wrong. It went down to like 19 during the pandemic, but it is pretty dang low anyway, we'll uh we'll keep jumping over to uh some of the other news that they have here. Let me see the rest of this so uh.

They previously halted the tread plus production because of safety recall the company said in a confidential presentation that they faced a significant reduction around the world due to shoppers price sensitivity and amplified competitor activity, so uh a inflation having less money and b uh competitor activity. Honestly, i, when i bought a peloton bike, one of the fir one of the things that i did was. I also bought a chinese bike for like 400 off amazon, and i kind of preferred the cheap one which is kind of uh kind. Of incredible peloton is essentially guessed wrong about how many people would be buying its product after so much demand was pulled forward during the cobit pandemic.

I remember in their investor presentations the uh. The executives were talking about how oh, no, this isn't just a pull forward of demand. We're uh, we're gon na make sure uh, or we believe that that uh, this this revolution in working out is here to stay. Apparently not the planned production whole comes close to a 40 uh, as as close to 40 billion dollars has been shaved off peloton's market cap over the past year.

Its market value hit a high of nearly 50 bill last january, but on tuesday shares tumbled to a 52 week low of 29. Well right now, it's at 24. uh peloton fell more than 10 on the news yeah exactly so. Let's take a look here: okay, a firm is rebounding on this as it should uh piton is continuing to fall.

It is now down to about 23.25 and uh. Continuing down 23 hit. A low of 23.25 did rebound here in the last minute to about 24. Now, uh again a firm uh, i i'm pretty sure one of these candlesticks here, i'm part of as buying the dip on a firm, because this is a ridiculous oversell for firm.

I think uh folks believe that peloton is substantially more of a uh, a story for a firm than it really is uh and honestly to me that just creates another opportunity, because when earnings come out over the next couple seasons for a firm, i'm particularly optimistic about It could be wrong, no guarantees, but i believe these, the the numbers that we're seeing here gives zero credence to the potential revenue out of the affirm or sorry the walmart target and amazon partnerships uh, which uh, which all pretty much activated during the uh quarter. Fourth quarter of 2021, so we'll see but uh yeah peloton, we're covering a little bit now we're starting to see our first green candle here. So the pain seems to be subsiding now on uh peloton still down over 20 percent, though, on this news that they're halting production, it does make you wonder at what point does peloton actually become a buy for? For me? It's it's not, but let's go ahead and take a look at piton stock. Here, uh piton is currently a 7.9 billion dollar company.

Let's go to their last earnings filing investor relations peloton. Let's take a peek over here at their last quarterly results. Just to get a little look and uh fourth quarter shareholder. No, we don't need the shareholder letter.

We need they're, 10k. Okay, let's do a quick peek at their 10k uh. In fact, i can kind of cheat on the 10k and just use the xls. I've been doing this lately and i love it inside secret.

You just pull this up and then you just get the charts, which is great but uh. What i want is, let's see here so the big thing for the company i want quarter over quarter. Let me get that revenue. Okay, let's see here.

Fiscal year ended june 30th june 30th, where's last quarter, that's not ideal uh, but anyway. So this is. I guess this is the la. How does the last report they have from june 30th that doesn't make sense.

They must have that's their annual hold on a second here. Third quarter. No, that's the last thing they have. That is their annual hmm.

Okay! Maybe let me not go to the spreadsheet for this one, because it's a little confusing that they're giving us data from june. All right, let's see what we got so we're gon na go to uh balance sheet. That's where i'm trying to go come on where's the darn thing: there we go okay, so here's our balance sheet as of june 30th. Again this is quite dated.

I mean this is six months dated uh. As of june 30th. They had about a bill in cash, current liabilities sitting at a 1.2, so the capitalization - actually not that great, especially since their inventories are quite high. Here, uh wait a minute.

I'm sorry current assets are about 2.8. Cash was 1.1. Okay, that's better! Let me get that correct, so uh current liabilities at 1.2. They do have the had leased as of june, had the cash to cover their current liabilities.

But inventories look at that. They were sitting on almost a billion dollars worth of bikes. Their inventory has 4xed since 2020.. I mean that's a red flag right there, that the inventory is piling up uh, and so it's no surprise that they're pausing manufacturing of the bike when, when on their last report, you see a forexing nearly of inventory, that's a big red flag.

When you start seeing inventory pile up like this, because it indicates a lack of consumer demand, at least it indicates that production is ramping faster than demand is so you actually have the opposite problem at tesla with tesla. You have this situation where you can't ramp fast enough for the amount of demand that there is, and this is why and people do this pretty regularly, and i think it's a wise thing to do. It was one of the reasons i sold peloton completely out of peloton at 113 is because of order time frames. It used to be that you had to wait six to eight weeks to get a peloton when that dropped to one to two weeks and they dropped the price and they started throwing in free connected fitness for a certain period of time.

That's when you started. Having really big red flags show up as as early as six to nine months ago, but anyway, you look at let's see here. Let's look at a model three, for example your entry model for for a tesla, let's jump on over here to uh order now page. Let's just see how long we're waiting right now for a three, so you're waiting until march, so you're waiting.

What is that? That's not actually horrible, that's two months, but it's it's always good to keep an eye on this. You don't want it to be too long, though, because if it's too long, then people end up buying a ford or they buy something else right. So you don't want this to really be much more than two months, but once you start going down to like buy it within two weeks, then it's kind of like okay. You know this is when, when production starts matching a little bit more uh demand.

That's for the long range looks like this is set for march, and the cheapest model 3 is set for june. See that's that's a clear indicator that production is still well behind the demand curve, uh model y. Let's just look at the y yes and x: i don't generally see it as as important uh, but you could explore those as well see. Look at that july for the model, long model y, long range or march for uh the performance, so the cheaper ones, you're waiting until june and july to get into your your entries on on uh some of these teslas, but anyway, that's important.

So this is something very much to keep an eye on is uh in that balance sheet watch an increase in inventories right here. This is sort of a red flag that we saw when we sold this but uh worth highlighting in hindsight, as sort of a lesson right to learn from it's always good to learn from these things. Let's, let's see here, okay, a little bit of a rebound here, but you're still getting halts on piton uh firm has nicely rebounded uh from that bottom. I still think we're in a nice uh dip opportunity here, and this is happening because of peloton uh again.

The market really thinking that affirm uh means peloton, uh right now, which is just so wildly wrong at this point, but anyway, uh take a look at this over here sales and marketing expenses coming out of the pandemic. They they substantially increase because they're having trouble selling these things divided by 4.7. Look at this 52 increase in uh in the amount of uh sales and marketing. Now, in fairness, they have also sold substantially more.

I mean they've doubled their uh, their connected fitness product sales, but they also have a very weird year because we were going into winter 2020, where a lot of people were still buying these pitons. So, comparing you know here, you've got six months of 2020 left in this number here. So they've got a weird fiscal calendar. I really hate it when companies do this when their fiscal year is like june to june, like it's stupid or july, first to do, but whatever uh.

Let's look at, let's see here, uh still spending a lot on r d. I wonder how much of this is from precor now this is, i want to say something good about piton. One of the things that i think they were brilliant about was that they ended up purchasing pre-core. So you might remember - and i still think this is actually a very very smart opportunity.

Pre-Core is the if i'm spelling that right there we go. Pre-Core is the high-end gym equipment manufacturer and they do a lot of stuff for uh hotels. You'll generally see these i'm sure if you've ever been to any kind of gym, you've seen this kind of stuff before uh here i'll hide myself for a second just take a look around you've seen this equipment before that light, bluish gray, uh style right here. I'm almost certain of it that, if you've been to any gym, you've seen this stuff and so peloton bought this for like 400 million dollars.

Personally, i think they stole this company. I think they got a really good deal on this company and uh. I do think that there's a huge potential for peloton to get into connected fitness in the gym and end up upgrading these. The machines that are in gyms to more of a peloton-esque feel, i think, that's a huge opportunity.

Uh, let's see here. What is this? I have a firm financed a lot of these bikes for three years. Are you not concerned with inflation hitting people hard that a wave of defaults might happen? Then, if we go, let me show myself here so thank you for spending ten dollars to ask that question. Uh, if you, if we go into a recession, you do not want to hold a lender.

Absolutely not do you want to hold the lender? There's, there's, no reason you would want to hold a firm or sofi or a lender in a recession. You probably don't want to hold anything, but especially lenders people with debt. The good news, though, right now out of the banking industry, is that default rates are incredibly low. Payment rates on time and early payment rates are exceptionally high and those aren't my adjectives yeah adjective describes a verb.

Okay, yes, uh yeah, whatever i i grammar adjectives describe action when i can't remember now, adverbs describe verbs, adjectives describe uh nouns right. Isn't that right, whatever uh? So maybe that was an adverb that is, i don't know i can't handle grammar right now. I need another cup of coffee, but anyway uh the words that i'm using here came from wells, fargo, jp, morgan, morgan stanley. All of these companies are all indicating that they are seeing a significant on-time payment, uh and significant, or substantially low default rates for debts.

Right now, uh that here wells, fargo credit card payment rates are extremely high. Oh yeah, extremely that's an adverb, so uh running consistently. Above pre-pandemic levels, blah blah blah. The point here is uh.

When you have lenders, you really want to pay attention to payment rates and i think that'll be your sort of canary in the coal mine when you start seeing payment rates change or we potentially head into a recession but yeah you're totally right. You don't want to hold a fermi going into a recession uh. I personally don't believe that we're heading into a recession, but anyway uh, okay, so pitons recovering a little bit here, it's at 18 to the downside. Uh, let's see here, we've got spy how's the spy doing overall market uh overall market.

Look at that crazy u-shape. We had there on the spy yeah, it's just the convictionless rallies. That's that's sort of the definition of the era that we're in right now so that that's! Why regularly i'm like don't blow all of your cash? Don't go all in yet, but uh anyway! So uh, pretty bad news for uh peloton. A firm has almost uh.

If a firm is on its way to recovering from from this madness here, what a crazy little down cell it had right here, uh, i did send an alert out in the stocks and psychology of money group that i was buying 300 000 of a firm like Right here, which was perfect because by the time the alert probably came through, it was probably like perfectly timed uh. In fact, let me see here be kind of interesting to see. 1003. Oh 1003's right here right here, that's perfect! That's the perfect time to open up your account and go shopping anyway, uh piton recovering quite well right.

Now, it's only down 15 on this news going back briefly here to the earnings report. You have uh and it does make you wonder like how, at what point does this become a buy the dip opportunity? So right now, you've got about 3.1 billion uh. Well, revenue is about four bill: you're, really the company's selling for about two times: sales right now, which is actually quite low: uh 2x sales er. That's because it's an 8 billion dollar company.

We could just divide those two you get about a 2x times sales here. It's not that bad still, not profitable, though, but let's see if i can pull up some forward estimates, so we can kind of see how expensive this thing is selling for at these low prices, because sometimes i mean i always think in crisis. There's a buy the dip opportunity - okay, let's log in quickly and we'll look at the uh, four-year estimates for putin, which are probably going to get substantially reduced and that's one of the the most important things as an investor is wall. Street estimates can be useful uh, but you should always make your own adjustment to them.

So if you're doing fundamental analysis, what i always like to do is i do my own analysis, my own projections on growth. I compare them to wall street and then i see. Okay, am i like overly enthusiastic? Am i under enthusiastic uh? You know, i might maybe maybe it's too too too wild with my expectations right so uh. You could definitely tether yourself to wall street a little bit, but i would expect we probably want to take the growth estimates for piton here and slash them a little bit, especially with the news.

That's coming out today that they're halting production on on. Basically, all of their products, it would be quite interesting to see their next earnings report to see how those inventories really stack them. Wouldn't surprise me if they have something like two billion dollars of inventory just sitting around and inventory is the worst thing i mean inventory on the shelf is is just lost money because what happens over time? Well, the inventory uh gets dusty and then it has to be cleaned before you can sell it. Uh or or the boxes get damaged or there's uh.

You know a water leak and stuff gets damaged, then you got ta deal with insurance and then your insurance premiums go. It's it's a disaster. The last thing you want is inventory sitting on the shelf. You want inventory just in time and you want to sell it.

Maybe just in time plus, because of all the supply chain, nightmares we've been dealing with hey. Maybe they can give up, they could sell some of their chips to the people who need them, but anyway, so projections are right now that in 2022 pton will grow to about 4.4. That's about an 11 growth rate uh to 4.4 billion in revenue. Maybe to about five six 23 6.7 to 2024 and 7.4 in 2025..

Uh 2025 is expected to be their first year of profitability and they're likely to get to about a 37 cent eps which, if we divide that by about 25, where they roughly sit right. Now that's you're still paying 67 times 20 25 earnings for this company. If we do go out to 2026 now you're hoping to have about an eps of about a buck 30. That brings you to about 20 times uh, so uh, actually they're expecting 1.6 brings you to about 15 times for 2026..

It's a little far out second year of profitability, but if margins get squeezed, they might not be able to continue to bring uh. You know 47 down to gross profit. They might have to almost give this bike away at uh. You know, dare i say, like closer to to break even or or essentially cost to uh to get people to sign up for their connected fitness product right uh.

That's that, because that's where the money maker is in in the uh, what's it called in the uh the recurring subscription revenue right? That's that's where the money is because that's very high margin, you're 80 90 margin on something like that. Uh to to try to make money off of products usually doesn't last at massively high margins unless there's a huge competitive advantage. This is why, for example, i love and i haven't - i haven't increased my position in them. I've had them for a while, but this is why i love apple.

I mean you've got you're bringing 30 to the bottom line on some of these things, and that's because they have this massive competitive advantage, like somebody can't just go make another just like somebody can make a new buy a different bike with like a little ipad holder For a fourth of the price and it's kind of like oh well, now i don't have to buy a bike because i got the cheap one. It's very difficult to compete with something like the iphone. The barriers to entry are massive uh. Then the same could be said for a company like enface end phases.

Micro inverters are one of a kind they are. They have the technologies that that other companies just don't have such as actually being able to power your home with just inverters and solar panels and no battery when the grid goes down, which, ironically, is something that you can't do. Unless you have a battery ordinarily or these new en phase iq aids, but those are companies that can maintain profit margins, companies that have a massive competitive advantage: apple uh, tesla, end phase they're. All in that group, the competitive advantage for piton just isn't there so uh.

That's a huge risk factor now: could the company be really profitable if potentially they uh uh? You know they just sell their bikes at cost and then they only get the 30 40 a month. I think it's 39 now uh signups, maybe maybe, but still for 2025. The fact that you're paying 60 to 70 times earnings now is crazy, uh, especially with with the fact that i mean this is now you're, just in a downtrend of people not buying these things right, uh and and you're. Also, sending this psychological signal to people uh, which is hey, so few people are buying pelotons right now, like uh uh, maybe you shouldn't buy one either, because the value of the product is going to go down right.

That's that's. Something else to consider is the psychological impact that uh news like this from peloton. Has the news here from peloton is uh. We can't sell our bikes because they're too expensive.

Well, how does that make you feel if you're thinking about buying a peloton right now? Well, you're, probably thinking great, my resale value is going to be way low. If i want to resell this thing, which increases my risk of making this, you know 1500 purchase or whatever uh, especially now. If piton wants you to pay for the assembly, it doesn't make sense, you'd be better off going to the used market, but the other thing that could happen is, as people hear, this news more people might sell the peloton that they have sitting around as a clothing. Rack and that can actually depress prices by increasing supply in the used market and the more the used market goes down.

The more people will actually just buy the product used rather than new. You know, i think, right now, they're selling for like 800 on the used market. Well, if now more people are motivated to sell it because they think the prices for the value of these bikes are free falling. Well, then, you might be in a situation where the used product might sell for four or five hundred dollars, and in that case i mean what could you really charge for a new one, nine hundred dollars? You know which is almost cost uh.

You know they used to have somewhere around a sixty percent margin when the thing was two thousand dollars, so two thousand dollars times uh. Well, actually, why don't we just do this? Why don't we just actually look at their their current margin, uh based on their last filing here? We just do that together, really quick. This is a little easier than trying to speculate and then be wrong. It's one of the nice things about the sec is generally get these standard uh reports, and it makes it a little easy to look for these things.

Uh, although i say that - and i can't find the darn thing right now - uh they'll give us a little hyperlink up here. So financial statements come on. Oh, it's just the summary on it: okay i'll go to the spreadsheet i'll divide it over here. Sales and marketing cost of goods.

Here we go. So what do we got? So here we go connected. Fitness products are 2.239 in cost of revenue, 2.239 cost of rev and revenue was 3.1. Oh, that's squeezed already yeah, look at that so 3.149 and it costs them.

The following here so their cost: let's make that a percentage cost was about 71. Ah, they only had about a 29 margin here it used to be a lot better. Let me look at the their previous margin see previously. In 2020, they made 1.462 on costs of 833.

Let's divide this here: okay! Well, it's good that i did the numbers, because i was wrong. Okay, make that a percentage! So oh wow, yeah, okay, see okay; they had a 43 profit margin on these bikes in 2020. Now, they're down to a 29 profit margin and since they recently cut the price honestly they're, probably like a 20 profit margin, which means they're, they're, probably only making about if, when they sell these bikes for what 1400 or whatever they might only be making somewhere around Uh, what is that 280? Ah, that seems a little low i mean it could be. I mean if we go with the margin where they are now four hundred dollars, yeah four hundred dollars, that seems about right, they're, only making 400.

They got to sell these things. Potentially at cost at like 8.99 or 9.99 just to get people to sign up for their high margin, business, which is their subscription business uh. Oh yeah, the margins are calculated right here. I guess i could have just looked down here.

Oh well, uh yeah, that's wild! Yeah, you can see that margin decline here and then uh there's subscription margin is actually increasing, which you would expect, because a lot of money went into the initial set of trainers and initial set of research and development. But this margin should go up to 80 on subscription, so but but this will plummet, you know this could go down to 15 anyway, uh, okay, let's do one more quick, look just to see how it's behaving so not down as much as it was during the Pen, uh panic there down about 17, a firm, a firm's, only down point four percent right now, so uh kind of excited that i bought right here uh. I i wonder if i could get my trade confirmation to see exactly where it was, but i might not be able to pull it up, because i had to call in to do it. It doesn't really matter.

I bought somewhere over there and uh yeah that's. This is uh, you know i i like this kind of stuff. When news like this breaks, i always think there are opportunities in crisis uh. Somebody once told me, and i don't know how i feel about it, but they're like oh, it's a christ, attunity.

Okay, i it was a real estate client a long time ago. It was a really cool, dude um, but uh anyway, so uh, okay, uh. What else? Let's see, i can't get it uh, let's see here if we can get a quick little look into the spy and then uh i'll go back to work, even though i suppose this technically is work uh anyway, so uh spy intraday, you know still up 0.83, but Uh not not at the lovely places it was earlier. Let's see here.

Okay, then we've got uh sophie up. Sixteen percent watch my sofa video. If you have not seen that yet that was a my opinion, a a great great one, to watch it took a while for us to put that together as well. So i think uh.

I think you'll like watching that one uh okay good, so that about. Does it regarding the piton news, wild wild news, though, let's see, let's take one more peek here: piton yeah sitting down about 17 to 18 right now, okay, cool any last questions. Here we got the course member live stream coming up soon, pun alert, incredible eth one men shows a whole shows whale marked by a 5.5. Oh man, 5.5 mil a whale now yeah nice little one men, there cool awesome, all right folks! Thank you.

So much for being here, we'll see you in the next one enjoy the spontaneous live. If you enjoyed it, let me know down below as well.