00:00 - Slow Money.
00:01 - It's time now for, you guessed it, Slow Money.
00:10 Tonight we are asking the traders to give us a name
00:12 or names that at today's bear market levels
00:15 are worth buying now and holding for the next five years.
00:18 - I wonder what Tim's gonna say.
00:19 - I have no idea.
00:21 - I'm excited to hear.
00:23 (laughing)
00:25 - I mean, people have been hanging on.
00:26 I think the ratings just waiting for this segment.
00:29 And again, it's a new segment, folks.
00:30 So it's exciting, Slow Money.
00:32 - Thanks, Believe.
00:33 - It goes slowly.
00:34 - So let's continue the Lyft story.
00:35 - Just a thumbnail because we got, you know.
00:38 - Let's give some ground to some other people.
00:39 But the reasons for the next five years
00:41 are the reasons why you own Lyft
00:43 because it is a global leader
00:44 in transportation as a service.
00:46 It's not just a ride share, it's bikes, it's scooters,
00:48 it's all kinds of things, the partnerships that they have.
00:51 The driver issues and the ASPs
00:53 are two things I am not worried about.
00:54 The compounded annual growth rate
00:56 of probably 25% over these next five years
00:59 and the profitability that's, you know,
01:01 basically the operational leverage in this model.
01:03 This is absolutely, this is a stock,
01:05 doesn't matter that it's down 80% from its highs.
01:07 It matters that this is a company
01:09 that's well positioned for the future.
01:10 And I think a lot of the noise out of COVID
01:12 will be in the rear view mirror.
01:15 - Wow. - Right.
01:16 - Yeah, that's what I did.
01:17 - Down whatever percentage from highs is meaningless.
01:19 - Yep. - For this particular exercise,
01:21 it is where it is here.
01:23 - Back to the opportunity.
01:24 - And where it will be in five years.
01:25 So Karen, what's your slow money play?
01:26 - My slow money play is actually an ETF.
01:28 It's the XLV, which you know,
01:30 the Top of the Show guy was sort of in agreement with that.
01:32 I mean, a lot of reasons, you know,
01:33 the valuation I think is attractive right here.
01:36 The balance sheets are in great shape.
01:37 You have a sort of non-discretionary demand
01:39 for the products and for a lot of them,
01:42 great dividend yield.
01:43 So I think this is a good place to hide out.
01:46 I'm here.
01:47 - This is a Karen name,
01:49 but I actually didn't read the instructions on the email.
01:51 So I didn't realize it was like today.
01:53 I actually think-- - What do you mean?
01:54 - You have to mind the gap.
01:55 I just think they're gonna have better opportunities
01:57 to buy any of these things, okay?
01:59 And I'm gonna use Google here, Alphabet, okay?
02:01 And this is one that on current estimates,
02:03 they're expected to be up, okay?
02:04 Earnings this year are expected to be down.
02:06 So expectations have already come down.
02:08 Next year, expected to be 12% earnings growth,
02:11 13% sales growth, you know, 68% gross margins.
02:15 They have 10% of the market cap in cash,
02:16 you know, all the above, great.
02:18 Here's the thing, guys.
02:19 There's gonna be a gap.
02:20 There's gotta be a realization
02:21 that the 2023 numbers are not gonna be
02:24 what consensus is right now.
02:25 You're gonna have an opportunity
02:26 to buy a stock like this better.
02:28 And when you get that gap,
02:29 it's not gonna be a one-quarter thing.
02:30 It's gonna take two quarters to work themselves out.
02:32 So the stock trading at 97,
02:34 the consensus targets on this thing is 143.
02:37 There's 48 buys and three holds and no sells.
02:41 Sentiment hasn't shifted yet.
02:42 So you're gonna have an opportunity to buy a Google,
02:44 and then you buy it in the 80s or something like that,
02:47 and you'll hold it for five years.
02:48 - When I was in college,
02:49 I took a final exam my senior year.
02:51 - And you didn't read the instructions?
02:52 - And I didn't read the instructions.
02:53 - And what happened?
02:54 - And I was so excited when I just read like the first part,
02:57 and I like, "Oh, I know this!"
02:59 And I started to frantically write, and I handed it in.
03:02 And then the professor called me in later,
03:03 said, "You didn't read the instructions."
03:05 I said, "But yeah, I did such a great job."
03:07 Even, that's what Dan just did.
03:08 That's exactly what Dan just did.
03:10 I didn't get a good grade.
03:11 We want a great Dan quickly or no?
03:13 Or you just wanna go?
03:14 - I give him a C.
03:14 - I agree with that, by the way.
03:15 I wish I got a C in that class.
03:17 With that said, I say this all the time.
03:20 Gandhi could be president,
03:22 and defense spending will go higher in this country.
03:24 Lockheed Martin trading at 14 times next year's numbers
03:26 with a 24% growth rate.
03:28 That's where you wanna be in this game.
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