John Coogan

They just cut their dividend, which is a really, really big deal for this company since it's a dividend stock.

The stock traded down on the news, and the stock is down 80% of the past five years, and they're in some financial trouble.

They have a lot of debt, and they have a lot of competition, but you could play that as like, okay, the real economy is completely chugging to a halt.

At the same time, you had six flags,

which should be the thing that is the most discretionary.

Like, do you go to the roller coaster theme park or not?

And Six Flags just reported higher first quarter revenue.

They're growing and they're growing attendance and customer spending.

And so now Six Flags, it's not exactly a juggernaut of business.

It's only worth 2.3 billion.

And the stock is down over the past two years, about 50%.

But the business is growing and you wouldn't expect that

during a time of like deep economic weakness.

And so there's something odd going on there where as you think of refrigeration as extremely necessary, roller coasters as the ultimate, like you don't, you can definitely skip it if you are cash strapped, but the actual dynamics of the market are very different.

So Whirlpool sells big ticket,

necessities these uh these refrigerators um but they are deferable so you you can put off getting a new refrigerator you can repair an old refrigerator if money is tight but your kids are only really roller coaster age for a limited time and whirlpool also faces brutal global competition and existing home sales are down three percent month over month and so all of that drives fewer appliance

upgrades and they are not necessarily a beneficiary of all the international competition that they face from LG and Samsung and other international players.

Well, it's still down over the past five years.

Two years ago, it was like a $5 billion company.

Yeah, down big.