David Rosenthal: belief

Transcript context

…Them and their spouses, yes. Yeah, right. The focus on keeping all the money in Walmart, keeping prices as low as possible because we don't care about profit margins, we care about winning and keeping customers. It's not necessarily there as much. Agree. Okay, bear and bull. We've hit a lot of these points already. But in my bull case, there's the kind of should win same day grocery delivery since they have these supercenters everywhere. You can make a bull case from the blending of ecommerce and in-store to the one seamless experience. You could make a bull case based on how well they've done in groceries. They'll continue to execute really well there. There's another one, especially in this environment we're going into. Walmart is kind of recession resistant, and in some ways, even counter cyclical. Because of their obsession with the lowest price, they actually should do great in an economic downturn.…

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