Greg Smith
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Appearances Over Time
Podcast Appearances
So, yeah, they tried to sort of put a bit of a brave face and say this is a normal part of the cycle.
But they have pointed out that they reduced that stock by $115 million over the past year.
Earnings per bed, that was up 40%.
But, of course, the sector has been facing cost pressures, particularly in terms of wages and...
Operating costs in recent years.
But yeah, overall, the sector depends heavily on the housing market stabilising.
But yeah, investors like the results.
Numbers, please.
The Dow Jones, good news for that.
We hit a record on Friday.
It's up 0.6%, 55.79.
Nasdaq up 0.2%, FTSE 100 in the UK up 0.2%, Nikkei had a great session up 2.7% in Japan.
That's a record as well, 63,339.
ASX 200 up 0.4%, 8657.
NZX 50 were 1% higher as well.
In the currency markets, Kiwi got serious, 58.5%, down 0.4%.
A dollar were 82.1%, that's down 0.1%.
British pound, 43.6%.