The Effects of Leverage on Retail Value Creation

There's a drastic difference there in their revenue converting to EBIT, that income, cash flow, et cetera. And look at their diluted shares outstanding. So when you talk about there's really nothing in the past that would have could have scared you in a crazy way, right? They've continuously bought back stock. I always find it interesting though, like, okay, so here we are in 2022 to 2023 on an average that's 6.8 billion in revenue,. but just the drastic difference in that revenue converting to ebit or cash flow is huge.