Rip Your Face/Off Rally with David Faber of CNBC
RiskReversal Pod
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Target and Walmar Aren't Going to Be Impervious to the Ills of a Walmartin Target.
I don't think walmart, it's a great company, it takes more than a couple of quarters to get out of that inventory problem that they have. The 32 % inventory build we saw there was, in a word, catastrophic. Micron reported on june thirtieth and then i think at the time, agutorder the quarter. Guidance was deemed to be pretty good. They just pronounce at invidia guided down for the quarter, revenues down 17% which is a massive guide. This was going to be the next trillion dollar market cap company late last year, ok, got cut and a half or so.
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