Evidence receipt / evaluation
Published · transcript-backedSpeaker unverified: evaluation
30 Aug 2022 Acquired Howard Marks & Andrew Marks: Something of Value
“Exactly. That came from looking a lot at the income statement and recognizing that they were losing money, partially, because they were continuing the lower price to achieve scale.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- evaluation
- Recorded
- 30 Aug 2022
- Publisher
- Acquired
Transcript context
…A charity run for the benefit of the American consumer. Exactly. That came from looking a lot at the income statement and recognizing that they were losing money, partially, because they were continuing the lower price to achieve scale. I think what's interesting is they actually had a very favorable cash conversion cycle. The business was much more sound from a free cash flow perspective, much earlier than it was from an income state perspective. Michael Mauboussin wrote the research note that was not as popular as Amazon.bomb and Amazon.toast, but he called a cashflow.com, and that's what it was.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.