14 Comments

On the note about cars, it’s definitely happening. Last month the dealership tried to say the lease price of an F-150 was $800 (current lease was $300). Today I called back and they said Ford had released new rebates and payment would be $350.

Expand full comment
author

That is insane.

Expand full comment

As a PR agency for mainly tech companies, I’ve lost quite a few clients. PR and marketing are the first to get whacked when times are bad. I have picked up new clients but the monthly retainers are lower by about 20% or more. I’m also picking up smaller one time gigs I wouldn’t have touched before to simply maximize cash flow until we come out the other side.

Expand full comment
author

Smart decision

Expand full comment

DHI has been an annoying short to say the least. Do not have a good read on why its at all time highs.

Expand full comment
author

Fundamentals and price movement can remain detached for a long period of time, hence our opinion of generally not shorting but that's up to you

Expand full comment

Good article, as a college student these are invaluable. As a younger college student (scholarship) how does btb feel about opening an insurance biz as form of owned income. Already have sales skills

Expand full comment
author

Sure if you have the skills, in the end you can start a shoelace company or an insurance company it doesn't really matter which one. You just need to be good at it.

Expand full comment

Case in point, the David Shaw you're referring to is the second result when you Google his name

Expand full comment
author

Hilarious

Expand full comment

“Cheap food companies”, fast food? Walmart/Costco/Sams?

Expand full comment

Probably more like manufacturers - Conagra, B&G, Hostess etc. Dairy and meat processors too.

Expand full comment

Ok, thank you

Expand full comment

Outbound intl flights are showing record demand this summer, airlines are adding up to 17% capacity to AU/EU and some other locations

Domestically the luxury resort hotels that rebounded the best are down YoY but mostly still up to 2019

Buying behavior changing from retail to major discount channels like costco

Office attendance via key fob usage is still a disaster.

In other words you're right and ty

Expand full comment