Jaden Schafer

Goldman Sachs is one of them.

And they've highlighted that earnings leverage tied to those specific components, in part,

you know, on expectations of a NAND recovery.

You know, this is super critical.

And the market obviously has responded.

Toto shares are up about 40% year to date.

I think this is a lot of this is rising because of the analyst upgrades and, of course, the activist pressure.

Investors, I think, are not just trying to chase, you know, kind of like a novelty AI narrative, which is attached to a toilet brand.

I think this is probably what a lot of people would accuse them of or would say, like, look, you guys are just trying to like

you found one little in in the ai industry and because it's booming you're a toilet company you're trying to just kind of bump your stock up it reminds me of you know during a lot of the crypto days there's like a lemonade company that just changed its name to blockchain lemon or something like that so that it could uh you know then there's i don't i have no idea why they just literally just put the name blockchain in their company name and all of a sudden their stock bumped up it was about to get delisted for lack of like trading shares and stuff and

That saved them for a couple months.

And then I think eventually they got pulled off of the stock market for lack of volume or something like that.

But anyways, it doesn't feel like a desperate ploy like that.

I mean, this is 40% of their operating revenue.

And this is a, you know, they have a massive opportunity here.

So I think there's legitimately an opportunity.

Toto may turn into an AI...

ceramics supplier for these wafers and all of that.

I think there's some people that are trying to be cautious with this, specifically because when Pallister, the kind of activist in all of this, he's putting a pitch in for the company and he was saying like, look, you guys have a, this is like his quote was that there was a durable five-year technological moat.

Some are saying this isn't quite