The CEO shares his approach to capital allocation and discusses an incident involving a potential acquisition. He talks about discovering accounting irregularities and suspected fraud, leading him to back out of the deal. They also discuss their experience with utilizing free cash flow and making stock purchases.
RCI Hospitality CEO Eric Langan on consumer spending, capital allocation, and getting into the casino business.
(00:21) Jason Moser and Deidre Woollard discuss: - The wisdom Amazon’s bet on Anthropic. - Why Amazon is getting into charging for streaming. - If check-out-free technology is finally reaching its tipping point.
(12:25) Ricky Mulvey interviews the CEO of RCI Hospitality, Eric Langan on his view on consumer spending, capital allocation, and his journey to the CEO seat.
5 Stocks Under $49 report here: http://www.fool.com/report.
Companies discussed: AMZN, WMT, DIS, RICK
Host: Deidre Woollard Guests: Ricky Mulvey, Eric Langan, Jason Moser Producer: Ricky Mulvey Engineer: Dan Boyd
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