A new state of matter has entered the chat.

You're listening to Motleyful Money.

I'm Mary Long joined on this early Denver morning by Mr. Tim Byers.

Tim, thanks for being here.

How's the caffeine treat me this morning?

Oh, I haven't had any yet.

I'm going into the coworking space, so I'm ready to go, but I am non-caffeinated.

So you are listening at your own risk.

This is Tim Byers. At the beginning of the day, I feel like that's a treat. We might get some

especially hot takes in the pre-caffeine version of you.

Maybe.

To set us up for hot take potential, we'll kick things off with Toast.

Tim, there are certain stocks that I love to talk to certain

analysts about and knowing that Toast reported yesterday, I was amped to get to talk to you

about the company today because I know that it's one of your highest conviction positions.

Yeah, still my highest conviction. Not one of highest.

Yeah.

So we'll start there. For folks who are listening who are maybe less familiar with your

love of toast and perhaps the stock in general, you talk a lot about migraine level problems.

What migraine level problem is toast trying to solve? So if you're a restaurateur and you have

multiple locations, so let's say you have a few bistros, let's say three to four, up to say 20.

And you need, because this is the truth about restaurants, there's a lot of moving parts.

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