Tyler Crowe
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Appearances Over Time
Podcast Appearances
When I think of Amazon...
I think of like Prime Video.
You can agree or disagree, anyone you like, but I don't think anyone's building a investment thesis on Amazon based on it has Prime Video.
And something like Global Starts sort of feels like on that level.
I would say at the most generous, I think this acquisition and Amazon's budding space business is extremely early.
I wouldn't even say early innings.
It's like watching the pitcher warm up before the game even starts in terms of early innings here.
It could be a fascinating thing to watch because clearly Amazon or Jeff Bezos as the chairman has had very ambitious plans for space with Blue Origin, which isn't necessarily tied to Amazon, but it's clearly something that Jeff Bezos has wanted to do.
And I have to imagine that somewhere that is embedded in the DNA of Amazon.
So coming up next, we're going to talk about another struggling retailer in the form of Restoration Hardware.
Shares of RH, which used to be called Restoration Hardware, I think I like the older name better, shares plunged about 19% yesterday after the company reported earnings and offered guidance.
John, was it the guidance or the earnings that really had the market saying no thank you to whatever management had to say?
Well, you can certainly say that the report is a continuing trend that we've seen with RH because this is not anything new.
Over the past five years, shares of RH are down 81%.
And I don't care how you slice it, that is not good.
Now, there's clearly some internal problems, as you said, John, and there's some broader macro problems as well.
And because this is furniture mostly and home goods and things like that,
People buy furniture when they buy a new home or move.
That tends to be the most frequent time that these purchases happen.
The challenges existing homes in the United States from 2022 to today are at about the same rate that we saw from 2008 to 2012 when, you know, we had that thing called the Great Recession going on and housing was not in a great place.