Does Spotify Have A Moat?
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 17 August 2022
⏱️ 22 minutes
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| 0:00.0 | We've got more retail earnings and a closer look at Spotify. |
| 0:08.5 | Motley Fool Money starts now. |
| 0:12.8 | I'm Chris Hill joining me today, Motley Fool Senior Analyst, Asad Sharma. |
| 0:24.3 | Good to see you. |
| 0:26.7 | Chris, good to see you. |
| 0:28.2 | It's been a little while. |
| 0:30.7 | Yeah, you know, I took some time off. |
| 0:33.4 | And I think you did too. |
| 0:34.6 | So it's good. |
| 0:36.1 | We're both refreshed. |
| 0:37.6 | Yes, batteries recharged. |
| 0:39.6 | Let's continue with the theme of the week, which is retail. |
| 0:42.2 | And anyone who claims to be surprised by Target's second quarter results probably hasn't |
| 0:47.5 | been paying attention the last couple of months. |
| 0:50.4 | Profit was down nearly 90% year over year as Target cleared out inventory. |
| 0:56.1 | The imagery level is still pretty high, but the CEO Brian Cornell says it's a much better |
| 1:02.2 | mix of inventory. |
| 1:04.4 | I don't know. |
| 1:05.4 | I said, we talk all the time about taking the long-term view. |
| 1:09.4 | It seems like that is exactly what Cornell is doing. |
| 1:13.0 | When you see what they did with clearing out their inventory, taking the short-term hit, |
| 1:17.8 | he's very clear-eyed about what they are trying to pull off here. |
... |
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