Are Incomes Finally Catching Up to Debt?
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Good afternoon, fellow investors, and welcome back to investor k. This is our tuesday, november nineteen nineteen, twenty, twenty four edition of the best talk. Appreciate you all tuning in for this hour, and i'm excited to unpack your questions just like every single week day and try to get to the bottom of with on your mind, give you some perspective and some data so that you can make Better decisions, make the right decision for you, baLance the wrist m rewards and ultimately come out ahead consistently. Not about making the right decision every time nobody he's going to do that.

So don't ever beat yourself up for making a bad decision or just accept 呃， uh, you have to accept that you are going to make a bad decisions from time to time. Uh, but it's really about a controlling your risk and it's about making a good to risk sus reward decisions. And that's what this investing is all about, and that's what we are to help you with.

okay. And to accomplish this, we will bring topics to the table as well as, like I said, answering your finance and investment questions. Then just a little bit, we'll talk about today's mark performance on and run down the show topics. But first, let's tackle this color question now.

Hello, what's trying to reach just in a look? I was gone about ticker. Simply P, S, U, H.

That's P, S, Q holdings incorporated. I've got this a little bit of IT. I'm curious, how does this stop? Look, now, go in forward.

Should i'll be a bier to in, to say interested to get you run down on this? We love the shell. thanks. Have a great day. bye.

All right, looking at P S Q holdings, P S Q H and Operate websites and more applications name public, public S Q, public square. And IT says it's an APP in the website that connects freedom loving americans, high quality businesses that share values both online and local community.

So IT sounds like A A website that will connect you with people that have a maybe looks similar a values, shall you say um as you and what is interesting here is it's interesting name, but it's a terrible business. Um you have an eighty million dollar market gaps. So very, very small negative profitability.

Negative cash, though are a lot of dead in its baLance sheet and IT just continues to go lower. The technical are researchers. Now the two dollars and twenty IT sense IT went public clin the twenty and now it's a too dosh.

And this shows you that know I I this ones ones tough, you know because in many ways you get political with giving an up or download on this. So i'm not telling what this is A A good website or not, but it's a terrible business. okay? It's kind like A D J T, right a trust, a backer, truth, social, whatever.

Um it's very partisan. And you know Frankly, most partisan type of businesses like this are usually not good businesses. And really this is just simply design to issue more shares.

And IT was still money basically from john q public. They went public with a see twenty seven million chairs outstanding. And in just the years after thirty four million shares outstanding, their financing themselves is in more shares, ising more debt and just burning cash.

So yeah, no reason involved with this is terrible business. Okay, thanks for the court. We have a lot of crowd to cover over the next forty five minutes or so in our main focus point is about incomes and debt.

A lot of people point to credit or debt hitting in all time high. But did you know that, that income ratio has declined slightly since the pandemic? why? Because of average hourly earnings.

So we will look at the state of the consumer. And why you want to pay attention is to big interesting headline numbers without some context. We're going to give some context over there. We also smoother topics on the docket. One is regards to the federal workforce.

How much how much headway could uh, a program not a is not a public 呃 it's not a public administration in that just a basically an advisory board。 And how much how much can they do really when IT comes to cutting a access staff, uh, within the government. So will look at that and then the trump trade, let's to go back and look at a dream when IT comes to, you know, those that want to chase noisy markets.

okay. And what that might mean for your positioning in the market right now. So i'll talk about that as well as invoice being questions.

One as I met a platforms and the the other on global x copper miners etf C O P X. And they have some questions that came in via our youtube channel as well. And of course, most importantly, your financing investment questions first.

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Now let's go take a cook look at the markets today. And IT was a mildly all depends on just looking at you, the S M P point four percent and as that was up over one percent, but the door was actually one hundred twenty points down about a quarter of one percent. And IT was a very interesting day as we started off the lower on the back of uh, russia, updating their nuclear dr.

Doctor to potentially strike for, you know, more reasons than they had before. And and obviously that brought some fear into markets, but ultimately, we are rally throughout the day. And this is what i've been kind of saying for a while now, which is market structure likely leads to higher Prices at listen to year and and most likely into one to the the first quarter and maybe all the way for the first quarter.

But ultimately, this is this is a seasonally strong part of the Marks were part of the year and you got on top of that the effect that up well um in this year. And that means those markets, kers and those that are short options going into your end and into january or like you going up to a row positions and and do things that basically, uh force buying, uh, into your end. And so uh, that's what you you're typically sing and that's why you you don't really get much downside polo through at any of these little pullbacks.

Um now ultimately, he does that mean that you can have a modest pull back maybe into a middle next month? I think that that so is possible, but more of a shoppy period than some you know major drop uh into a year. And I like that.

So that's what you we are seeing right now. The earning season is largely behind us in video does come out tomorrow. So that will be a market mover that I will certainly watch. But uh, after that, you really don't have much in regards to major earnings announcements, and they'll be pretty much through earnings season. So um that's where we are at and we will continue to watch as we head into the holiday season member where what uh we can two days away from thin giving and holiday season is in full effect. I hope you telling your friends and family about our free podger download, which you can find any time at itunes spottis y will play and as well on youtube.

And we have questions over there all the time and we have questions submit to the comment section and a rock gone says, what are your thoughts were picking up semiconductor H I M X H I M X IT has been beat down for a while um they don't do high and chips on the movie related thing but at the low pig level movies some good upside. Um so here's one issue for these low and ships is that china is been heavily IT in these low and chips. And so i've seen there trying to find new ways to spur their economy, spur uh, job creation.

And they've certainly done this with elector cars, and they're selling a lot of very cheap picture cars all around the world. And what we've also been doing is investing in these low and chips, okay. and.

Uh, hi M X H I M X is makes these type chips. I think that's where you're getting this pressure from. Is uh potential chinese competitors jumping at low Prices and that's our earnings expectations for years.

Was the fall fourteen percent. Those aspen continue to come down to thirty six cents per share from two dollars and sixty five cents, which they made back in twenty twenty one. So historically, this has been a company that has not made A A lot of money.

You might be chasing that nice five point three percent given in yield. That's my guests, to be honest with you. But if you look at this pair ratios, over hundred percent to which I don't like, and if you look at the latest dividend, let me pull this up here.

Sometimes that which websites are a little faster. There we go yeah party come down from a dollar twenty five to twenty nine cents. So ah that dividend is very volatile.

Their profitability is pretty meager, very good baLance sheet technology are poor. You think if you're going to invest in some make connectors, you can find a lot, lot Better than this. So IT, absolutely pass on H, I, M, X. Let's put the back to the best voice back for a question that came in earlier.

Hi, good evening. This said from charred north CarOlina, I would like to discuss a symbol, M, E, T, A meta platform. The lady, at five hundred and fifty four percent down today, do you think? Is there any good entry point with this company? If yes, can you please give your guidance? Thank you so much. Every decision, your answer on the next forecast.

All right, looking at meta platforms, this is the old facebook, right? Facebook and instagram. We know facebook as a platform has been dying for a long time to time, but instagram remains very, very robust as well as what's up use there.

So you know that those are two platforms that continue to drive good engagement, drive good, good, good ad revenue sea. And so that's really been that big gree bound, right? They went from thirty dollars and twenty seven thousand and all the way, eight dollars and nine and the stocks sink that they were investing in the metaverse and changed their name.

But they smartly epithetic and slow down their invest in the metaverse and double down on their um platforms that are actually working right instagram and uh and the um and what's that. So earnings this year. So we have to twenty thousand sixty five cents and twenty five dollars next year.

So if that follow through, then you're talking about roughly market multiple going forward. And that's not that the problem is, is that revenue growth is starting to slow and expected to continue to slow into next year into the mitten ins and earnings by next end of next year just to be yet a five percent revenue growth. So that's my word here.

Um is that a that momentum will slow in the market, will will find some level of uh, lower multiple to trade that. And if you look at other communication service companies, tech companies, kind of the max seven there starting to under perform the rest of the market. And so I don't know if is the best time to be adding to the position i'd be looking for, looking for a time to uh of of more barriers um from the cinema perspective.

But the tech gloves are fine. The valuation is OK. It's not graduate ly revalued, but certainly not cheap at these levels. But Price sales at nine point four that is pretty expensive. So I would pass for now.

Keep on your watch this because they do have good platforms that are um that remains sticky, even what tiktok as a competitor. Um so I would just keep on the watch list for now, would not buy IT. Then moving to a break, still become this podcast and radio show on m talks, twenty old tacco more of your voice bank calls and get to the main focus pots to stay with ninety nine year.

Got a question for Justin or look, you're the best person that asks.

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With the bob in milberger, california asking about Q S and listening via r podcast. Bob.

you know if you do you own quon and .

escape or are you looking to buy IT?

I own a little bit of IT um actually was tracking IT back when I see partly was on but what is first first time like everything but yeah I just I don't really know beyond just keeping a small person because I don't want to make IT behind one percent of my whole investment. You know it's one of those. A higher risk plays up. But I don't really know beyond, uh, waiting long, uh, what also should check beyond this company?

Or was nothing really the track here? This is one of those names that still was always interested in and I never thought I was a great investment and continues to grind lower. You it's it's all about souls day batteries and whether or not there's going to they are going to be adopted.

And there are some level of positive economics for this technology. And so far, uh, there there hasn't been IT continues to burn capital, these money. And you know many car companies have looked at the technology.

They've asked for samples. They've a looked at potentially integrating this into new products, but based on the costs compared to the current technology and just hasn't not been worth IT. And so there's really nothing to monitor until there actually comes a some a real world of long term application.

You know their revenue is still nothing. And you know there we're two billion dollars. And so what do they do? They just issue more shares.

Is one of those pi companies that know they typically a didn't likely said, you know, if you're ever going to buy one one escape or anything like this, you want to keep you a very small as a portfolio. I'm not a big fan either way. I would I don't like companies that are just there burning cash, issuing more share, selling the dream.

I've seen this too many times in the biotech space. You see this in the technology space in many respects as well. Um and and this is just another one of those I would sell IT, to be honest with you.

But if you want to keep a small portion and you're basically praying for this uh, application to find some h economic value here, uh then you know, go for but otherwise I would tell IT, thanks. The call here comes on a live call, this time from mike in massachusetts. M D T. metronet. S yeah.

hey, Justin, thanks. You've taking my call. I was called I got A A small position in metro ic.

They reported earnings. The smaller uh, all they look good. There is a little supply issue on one of their problems. Sounds like that will be um taking care of their saying anyways for you know next quarter. Um so I was going to see on this sort bit of a dep what you think of if it's A A buy for shares.

yeah, we actually owe this four clients. We started picking IT up in the on the summer time ah in the high seventies now is eighty five. IT has pulled back from the low nineties back in october.

And but overall, yeah I mean, we think this is a still a very, very solid company with a strong baLance sheet, good free cash flow, about five billion trillion, twelve months on a market cap of about one hundred eight billion. So about a five percent free cash flow yield. Ld, and what are they doing with all that cash flow? Well, they are buying back shares and you to steady company.

And so if you want health care exposure, that farmer names are certainly where you want to be. Much we much rather be in the medical device companies like metronet s everyone else out there, they make implantable ble cardy activity, uh, surgical robotics, insulin plumps, surgical tools. And more or so it's more in the, like I said, in the medical device space, and we much rather best there then the farmers name. So we'd like IT on this pullback.

appreciate.

good. Thanks for the call. You too. No such a bit on our main focus point, and that is about incomes compared to debt.

And what's good based the numbers is that incomes are catching up to the debt. Now a lot of people might see that have lines that the U. S. Consumer now, oh, one point one seven trillion dollars in credit card debt in record.

And I saw this a lot when I passed one trillion, was that a year two ago, and a lot of people will are up enormous because of that. Uh, we have a trillion those credit card dit. But as usual, like anything, it's in context to what is what can Carry that debt that is suggest that rising debt burdens remain manager for the typical consumer.

Now sell house's are our squeeze, rising, uh, housing costs, uh, for especially for lower income consumers. But consumers continue to spend because most people are employed. And if you look at the debt to income IOS, they remain relatively modest, especially if you look at a report from trains union.

Actually, credit card delicate cities have fAllen from two point four three to two point three four year over year. That's because earn growth has average six point two percent per year since the pandemic began compared to a four percent rise per year in cumulative bt baLances. okay.

So overall, the commercials have found from eighty six percent twenty thousand and to eighty two percent today despite credit card baLances going up. So disposable income growth, there is a strong retail sales, up point four percent in october. Now it's down from the point eight percent in september, but still a relatively robust and average hour earnings rose point four percent, still higher than inflation.

And in fact, our the earnings have been higher than inflation since january of last year. And so that means more more, uh, aggregate A A disposed lincum for consumers. And so that's what you do only get two open arms by these headline numbers.

You have to understand the new in the context. Now we're heading into a break. I'm ready.

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will look into this topic is important to consider factors that can help maximum ed savings and avoid comment footfalls when dealing with health savings. Couch, H, S, S, that story tomorrow. But for now, let's play another listener question from eighty eight, ninety ninety share.

Guys, I mean, jack, I love the show from charity. Just wanted to you take that etf. Uh, I like etf. Just give you a little more, brother. I think copper elections that would even go here at next seven, eight years going to be a predominant sector, if you will, out there now. Security, C O, P, X.

All right, looking at global x copper miners, T S C O P X. And we agree, I think this is one of the best ways to play so many secular trends from uh E V adoption to uh updating the electrical grade to AI in cloud infrastructure. Set a copper is just needed for moving data, moving electricity are all around.

And uh, there that's the demand that's just the demand side that not even talking about the supply side, which remains relatively limited when IT comes the new corporate ly coming on market. So ah that's why we we hold one of the the large coper names in our portfolio, couple of them ah and so we really like exposure here. Now this is a broad based way to get exposure to these miners.

There are forty one equity holdings within this etf. So you are getting that diversification, the biggest holdings, about five percent of the portfolio and then heads on down from from there. And you really have exposure from all over the world, europe, china and canada.

See where else australia. I'm just looking at some of the where the companies are located, great britain um IT set to us. So you get world by exposure with this name.

And so to look at the fee here, it's expensive. Who is sixty five basis points that is pretty high will say that. But this overall, if you're looking for broad based exposure, you don't want to do the the research to find the best within the space.

I think this is a fine way to go. Just understand that you are paying I fairly have to fear at sixty five basis points. Thanks for the calm. Now let's touch a bit on the trump trade.

And this is important to understand because we're only what two weeks or so since the election and we see bank Prices up, alternative energy stocks are down and there are a lot of projections of what will happen with the administration and what moves will be justified. And we know that some will and some will. Not only time will tell any incoming ministration, there's a lot of hopes and dreams, but when IT comes to the importation of that often leads a lot to be desired.

Now there are some long standing lessons that experience status like myself have known, which is that in the short term, there's a lot of noisy markets. And but when you look at longer periods, say six month, nine months a year especially, and you see consistent continuation of a theme that is when you will. So OK, that is not just noise, that is something that should be integrated into a portfolio.

And it's not clear yet which themes you should be ignoring right now because only two months into this. And as time goes on, especially through the accurate, through getting confirmations, uh, uh, finished, we'll see a lot more of what trump does and less of what he says because what he does is going to be far, far more important to the durability of any trend. Because markets, equity markets especially are noise in the short term but persistent in the long term.

So generally, you want to overwrite socks with decent fundamental momentum, okay, but ignore share Price moves over the past month. That's because typically short term moves are driven by two things, either positioning or news driven, right? So headlines or you know new hot money coming in.

But none of those give you an edge. Headlines coming go, we know that. And hot money coming in over a short period time is just that. IT takes persistent money coming in over extended periods of time for trends to emerge.

And if you ever have talked .

to a broker, anybody selling a commission product, often times they will start with a pitch that says something like the market is changing its view on X, Y, Z, Y. And ultimately, that is just then trying to spin a narrative. And they are usually using things that are headline. Something going to do that seems exciting, but what's more exciting are trends. With the trend is your friend chinese.

your friend until the end.

But investors tend to look for signal. As well as investors look for, we want signals trading floors. They usually are going for noise. See if they ask yourself, are you a investor or are you a trader? Investors look for those trends and social.

So those those people chasing noisy trump trades seems like a good time to calm down a little bit and wait for any durable trends too emerge. No, have you got time? So let me drop out the question from our best talk youtube channel.

Jim lays says, I like your thoughts. S, P, N, S, S, P and s. This is sapiens international. wow. This is a name that had a big drop recently.

I was around forty dollars back on the eight now were down to twenty seven dollars and a twenty cents. We all i'm assuming this has something to do with earnings. And this is a small company name.

What I have building on a market cap, israeli develop a software modernization enterprise application integration suffer for the insurance industry. interesting. S, P, N S, okay, earnings last quoter were five percent 啊， sorry, revenue wrop five percent.

Earnings up nine percent. But IT looks like going forward, earnings expectations are coming down to a dollar forty seven this year and dollar fifty next year. And that's the issue is illustrating at a nice premium with strating a forty dollars per share.

And now that's coming back in a line. Let me see here. Do you like to return equity around sixteen percent? That's good. I mean, zoom in a little bit and that has remain consistent.

Let me pulled up its baLanced, baLanced, a solid free cash law, about sixty nine million on at one point three billion dollar market cap, okay, about a five percent free cash flow yields. You know, my issue though is simply the techniques. Now the technical are by oken.

Let me look at a support level, can zoom out here on a weekly chart yet is coming up to support around twenty five dollars per share. I would definitely wait until then and see if they can hold know for brakes. All of that there's more problems uh to this name um so I would be patient on until twenty five and then I have an out a below twenty cut twenty four.

I think that would be a good way to handle uh the the position. Thanks for the question summit over on our youtube channel twenty twenty four is moving fast and were where about the rap of the year in just a handful of week. So uh, encourage you to reach out and schedule a 点 complimentary portfolio review assessment with me via telephone or zoom meeting with my company， kp financial, where we practice parallel thing in the right along side clients and we Operate with the same philosophy as we do on an affair, which is independent thinking and sure success.

We want to bring you, along with our success, help utilize our investment strategies, our technology tools to build plans, uh, use our resources to make Better decisions from a tax perspective, from A A trance perspective, that set up all these things are what we offer each and every day to our clients. And so I encourage you to set up a call with me, gov, your portfolio, figure out whether you on the right tracks are building a plan, figure out whether you retirement is a in the cards for you or you. You need to make some adjustments, maybe on the investment side, maybe on the saving side, maybe on the spending side.

You know you need do rough conversions. Do you, when you should, takes such security. All of these are things we help our clients manage through and find the best possible solution for.

So I encourage you head over to talk to click on the portfolio of view bug in the top right and part of the screen. Now this is best talk. Now, more than sixty million download. Our work continues thirteen second so on.

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Just and look, this is chicago. Love your show. Litter, for some time I had a question about nike table N K E, what's going on with niki? Uh, I have some in my portfolio of being thinking with A A little bit, you're going to go start going up and you reverse the trend.

But as we speak in every single day for the last several weeks to been constipating new laws, when the rest of the city high, you think that tank rivers is the time to, you know, cut my losses and get out. Do you think that the upcoming thankful ving in the holiday season we are make something out? Would love to help you on that little happening on the show. Thank you in everyday.

All right, looking at nike, N K is the name that we did pick up right around seventy dollars or so. low. Seventies and IT went all the way up to ninety and now it's back down to a Randy bother on seventy three and change now.

So so up a little bit. But yeah, I mean, this is a name that I think you're going to have to have a bit of patients with. why? Because nike has a wonderful brand. But well, like a lot of large companies, their management team can lose lose a lose direction. And I think that's what happened now they have a new CEO, but you can't turn around the business and just a quarter to going to take a little bit of time in order to a refocus of the business.

And you know it's it's really a design company at this point, and they need to refocus on technology, which I I do believe the new CEO, ella hill, is going to, to do right, not just the technology and chips and such, but you know technology for the to improve africa performance really get to the ethos of what nike was was built for. And once that's gonna time and a right now, I think you're you're just getting some some blaize as the as the market still is in as an in decision whether that's going to work or not. But like I said, that the market is tends to be preferable.

They tend to uh, one result now now but last quarter, earnings were down twenty six percent. Revenues down ten percent, I think was kind of the kitchen same quarter, especially for a new CEO. They wanted to get the crap out and so it's likely going to look a bit Better going forward.

Um but this is more of a longer term turn around plane than something going to move tomorrow. This is, I think, a good value from the value of brand and and what the brand could be. Um but you're going to have to have some patients with nike.

Thanks for the call. Now let's touch a bit on dodo's, the department of government efficiency. And this is where both iron in the bec are expected to advise a president elect trump on timing costs in the federal government.

But let's take a look at the federal government's employees and how much can really be cut here. What interest is a good chart going back from the the G. W. George bush administration through obama first from administration and biden. That's very interesting, is that the last two years, they hire a lot of government workers, all of all of these administrations.

The first couple of years, especially the first year, not a whole lot, but as you headed into an election, they tend to hire more, right? Why they why do they do that? Well, they want to use the economy a little bit to, uh, make the economy, the economics look Better, right? So um that's an interesting little wrinkle that I saw with this chart.

But over other two point three million americans working for in federal government, civilian jobs. Okay, that's about two percent or less than two percent of the total U. S.

Work force. And these are a nurses in the veteran affairs hospital, park rangers in yellowstone, federal guards and federal prisons, for example. And roughly seventy percent of the civilian rules are in military or security related agencies.

So veterans affairs have the most civilian jobs, four hundred and eighty six thousand employees. May they be talking about hospitals and clinics for veterans? okay.

So how much can really be cut there? Human security, that's now the second largest. I would say there's probably some boat there I would imagine you know the only only create in twenty a two thousand two.

And so twenty two years on, twenty three years on and sure, there's a lot of bloat there, but the the education apartment is only forty four hundred workers that the smallest department. So you didn't get rid of that. Not really much there.

The postal service is, uh, self funded and another isn't a whole lot to trim if you if you get down to the Better bones and they don't really make that much money, to be honest with you OK the lowest ga lery fifty thousand dollars in the treasury department, not a clerical jobs there. So you know I think there's probably some cutting be done, but not enough to really change trajectory of our federal deficit. Now we're adding to a final break, and I take your calls right now. I added IT shot.

The more you learn about how the market works, the Better your chances for success. So don't forget to call invest talk eighty eight ninety nine chart.

Hello, thank you for your podcast. I have found that education will help over the years. I prefer law, risk investment.

Most of my investment and fix come with a large part of being in treasuries, mostly short term, three, one year, because of the that said, I am concerned that I have too much exposure and treasures. If I should be selling them on my treasures, any help or goddess will be helpful. Thank you.

Well, that's hard to really say and let's you I see your whole portfolio. This is what we do. Our portfolio views look at, you know the exposure of treasuries compared to know you brought her goals rist tolerance level.

You know you say you are relatively ly conservative. You know this is something we try to baLance out with our clients now is that so many people have ptsd from the way they think this big deflationary bus is gonna en again. You know us is pretty clear that governments are not going allowed that are going to spend.

They are going to, uh, create accommodations. The fed in church, you're are going to take trade created alphabet soup of programs in order to paper over any issues like the silk vali bank crisis set up. And really the risk is is actually to the upside, meaning inflationary, a upward spiral al versus some sort of big deflationary downward spiral like a wait ay.

And so um when you're in treasuries and very conservative investments, you know you you you have a you have a risk of inflation eating away at overall a overall return. Um so you know there's certainly baLance that needs be had there. And it's not saying you go treasuries always to equities, but you know, do you take a step up and risk to corporate bonds, for example, and get a little bit extra yield and try to get above that, that inflation rate? These are discussions to be had.

Now I like that you're focused at least in nearby ying treasury's in the shorter term, right, one to three years now three years creeping into the immediate term, but you're not buying ten, fifteen, twenty year treasury's, right? So that's a certainly a positive. So I like that you're thinking about this, but this is a Better discussion, more for portfolio view, and that's why encourage you to head over to invest dog and schedule one of now let's tackle one last question from our best talk, youtube change.

Jay, again, as t tech had a large full back today and is on my watch less, what do you think is they buy? And where where IT is right now? All right, looking at T, T, E, K is the symbol IT did move down from around fifty dollars per share just a couple weeks ago, now at forty dollars and change.

So next, twenty percent pulled back here. They, by consulting the engineer services, focusing on water resources management infrastructure projects, obviously a need in this country. And i'm sure that the shop administration will likely focus on these type of infrastructure projects verses, say, Green energy projects like the inflation reduction act in the chips act set a.

So I could see why this might be in your watch list that does continue to earn more money each and every year. And fifty three cents back in twenty eighteen this year was to make A A dollar or twenty six and a dollar forty seven next year, a dollar sixty eight the following year and is a forty dollars stock. But you're going based time for the looking earnings.

You know it's still a made one is multiple and growth is slowing. Revenue growth was nine percent last quarter and earning revenue growth a year ago was in the forty percent level, right? And exportations, four dishes and actual and the year after, earnings continue to come down.

And so uh this to me just broke technically, and you need to zoom out here and find the support level now definitely doesn't have any decent support to about thirty eight. Now we're forty and change now, so that's not too far from here. Let me give you a Better number.

I'm going to say thirty two dollars, low thirties. That's where I pick up to tech. Not yet.

The tech was just broke IT. Is that some decent support here? But really the major, major support comes in around thirty two.

Thanks for the question. And prevent out there, don't be afraid. Had over you channel, check us out.

Look at my charts, look at my face as well as look and you know see what we what we have to say over there and ask questions to be the comment section as well. Now that about does IT. I'm just in clients with another investor program.

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