Discussion on the efficient capital allocation strategy of a 'sleep number stock' through share buybacks, their authorization of $15 billion in repurchases, and the growth in spending from professionals in certain areas.
Michael Burry, the investor featured in “The Big Short,” made a major bet against market indexes. Are investors due for a sequel of the Great Financial Crisis? (00:13) Ricky Mulvey and Asit Sharma discuss:
- A sales slowdown The Home Depot.
- Why the home retailer has “an incredibly high” return on invested capital.
- Credit downgrades for regional banks.
- Michael Burry’s bearish option bet against the S&P 500 and NASDAQ, worth $1.6 billion in notional value.
Companies discussed: HD, MTB Host: Ricky Mulvey
Guest: Asit Sharma Engineer: Tim Sparks
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