David Rosenthal: belief

Transcript context

…Right. I think it's a great point. I mean, I think in the 12 months leading up to June of 2020, they generated $27 billion of free cash flow. They know how to generate cash. I thought they were on the path starting (I think) in 2015–2016 is when they really started actually becoming free cash flow positive and growing that year over a year. That just stopped when the pandemic hit. Maybe we're in some temporary anomaly that they'll go back to the 2019 mode here shortly, or maybe the anomaly was the last five years before Covid. Andy, I think, has said on recent earnings calls, hey, we're going to be moving back towards profitability. We know how to do this. Don't freak out. Yeah. That's the exact opposite message of what Jeff Bezos said in the 2020 letter when Covid hit.…

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