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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: We talk about like the core analysis a lot in companies.

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Speaker 3: But you you're you're real big on breaking companies down, right,

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Speaker 3: So can you just take a couple of minutes and

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Speaker 3: just kind of explain your process as far as and

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Speaker 3: shout out to my guy jose We gotta get him

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Speaker 3: on head the Millennial money mentor. He's a really dope

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Speaker 3: dud yea should follow him on Instagram and he had.

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Speaker 2: A dope jose Man. Yeah that's what yep, Yeah, he had.

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Speaker 3: A dope post. But he kind of broke down how

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Speaker 3: to look at the company's balance sheet. Talked about like

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Speaker 3: dead assets, liabilities. So can you just talk about like

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Speaker 3: a few things that you might look at when you're

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Speaker 3: evaluating a company.

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Speaker 4: All right, So for me, the first thing I want

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Speaker 4: to do is I look at the company profile. I

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Speaker 4: need to know everything that I can understand about that

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Speaker 4: business before I even look at the numbers. Because what

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Speaker 4: happens is we have this, we have this thing that

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Speaker 4: where when we see the numbers, the numbers swear us

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Speaker 4: one way or another. Right the numbers. We can look

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Speaker 4: at the numbers a little bit like oh, a million dollars,

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Speaker 4: a billion dollars, you go to we go to putting

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Speaker 4: this idea in our head already we look at the

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Speaker 4: stock price. The first thing we see about it is, oh,

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Speaker 4: I'm a way with the stock price to fall, not

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Speaker 4: even understanding the value of a business. So for me,

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Speaker 4: what's important for me is understanding not only what the

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Speaker 4: business is, what they do, understanding their core business and

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Speaker 4: their core asset.

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Speaker 2: The next thing is actually seeing financially.

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Speaker 4: How have they grown? So I'm looking for financial growth.

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Speaker 4: So now one of the things you're going to look

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Speaker 4: at is that balance sheet. Right, fundamental analysis. Right, No

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Speaker 4: matter what business you are, no matter where you are

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Speaker 4: in business, the objective of your business is to make money.

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Speaker 2: That's the way you can survive. Right.

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Speaker 4: So and looking at a company's balance sheet, we want

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Speaker 4: to look at the balance sheet tells us about assets

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Speaker 4: and liabilities that a business has. Right, So you'll see

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Speaker 4: four factors on it that's really important. You'll see current assets,

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Speaker 4: current liability. So what current assets and current liabilities mean?

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Speaker 4: Money that's due to the business or money that's owed

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Speaker 4: out to the business between now twelve months current the

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Speaker 4: word current right Now, When you take the current assets

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Speaker 4: and the current and you take the current liabilities away,

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Speaker 4: that give you what's called working capital.

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Speaker 2: Right.

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Speaker 4: Working capital is the money that the business has on

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Speaker 4: hand on deck are due to them within a twelve

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Speaker 4: month timespan.

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Speaker 2: Think about this.

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Speaker 4: A lot of businesses that are going bankrupt now had

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Speaker 4: negative working capital. Right, It's kind of like somebody telling

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Speaker 4: you have an emergency fund.

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Speaker 2: It's equivalent to that. Businesses operate the same way.

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Speaker 4: They have to have money that they can use in

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Speaker 4: case something happens within a twelve month time span.

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Speaker 2: They need that.

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Speaker 4: Then you'll have total assets total liabilities. You want that

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Speaker 4: to be positive. When you take all a we a

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Speaker 4: companies total liabilities from the total assets, you want that

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Speaker 4: to be positives.

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Speaker 2: Overall that the company is ain't good financial.

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Speaker 4: So also we look in that is we can go

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Speaker 4: to the actual income statement.

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Speaker 2: On that income.

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Speaker 4: Statement, we'll see we'll hear what's called top line and

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Speaker 4: bottom line group.

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Speaker 2: Right.

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Speaker 4: Top line equals the revenue that comes into a business. Right,

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Speaker 4: so all the money that comes in through sales is

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Speaker 4: called revenue. Bottom line again is the profit net gross

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Speaker 4: is everything net is once you take everything away, this

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Speaker 4: is left over, right, So what we want to look

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Speaker 4: at is when we're looking at the revenue, there's this

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Speaker 4: thing called cost of revenue.

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Speaker 2: So now we need to see how much did it

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Speaker 2: cost the business to make bring this revenue in.

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Speaker 4: So that's marketing, that's advertising, that's whatever they had to

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Speaker 4: do to bring that in. So you're gonna take that cost,

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Speaker 4: the revenue from the revenue, and then what's left from.

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Speaker 2: There, we'll see where the gross, where.

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Speaker 4: The net isn't there, and then we'll go to the

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Speaker 4: income statement, I mean the balance sheet, and we'll look

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Speaker 4: that the assets and liabilities and we can get into

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Speaker 4: cash flow statement because that's what's important to me. What's

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Speaker 4: important to me is cash flow. I want to also

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Speaker 4: see the balance sheet positive. I want work in capital

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Speaker 4: be the positive, but I want to see cash flow positive.

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Speaker 2: Cash Flow is the money that's going in and out

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Speaker 2: of a business.

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Speaker 4: We want that to be positive because if the if

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Speaker 4: the business is not investing money right, if the business

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Speaker 4: is not loaning money right, if the business isn't investing

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Speaker 4: shareholder capital right, there's some metrics that we look at.

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Speaker 2: We look at all o I S, return on invested

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Speaker 2: capital right.

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Speaker 4: Businesses are actually just like banks, right, because a business

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Speaker 4: is like, yo, we got all this money. We need

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Speaker 4: to do something with this money. So a business will

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Speaker 4: literally go to another business and be like, look, you

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Speaker 4: got one hundred and twenty billion dollars.

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Speaker 2: On you on your on your book.

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Speaker 4: That you ain't doing nothing with Instead of me getting

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Speaker 4: a bank loan, let me get a loan from you

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Speaker 4: a business like okay, cool, we'll give you that.

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Speaker 2: We'll give you that loan. Businesses do this all the time, right,

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Speaker 2: and so what.

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Speaker 4: Gets some business is called up and it's getting into

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Speaker 4: something a little different is a lot of businesses will

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Speaker 4: have these share buy backs. This is another thing that

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Speaker 4: can cause businesses to go bankrupt because what happens is

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Speaker 4: a share buy back is when the business takes.

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Speaker 2: And buy some of it shares off the market.

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Speaker 4: So when a business buys some of it shares off

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Speaker 4: the market, this increases the stock price. So one of

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Speaker 4: the most important things in business and investing. People always

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Speaker 4: say that the customer is always right.

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Speaker 2: You only earners. What's up?

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Speaker 5: You ever walk into a small business and everything just

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Speaker 5: works like the checkout is fast, or seats of digital

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Speaker 5: tipping is a breeze and you're out the door before

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Speaker 5: the line even builds. Odds are they're using Square. We

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Speaker 5: love supporting businesses that run on Square because it just

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Speaker 5: feels seamless, whether it's a local coffee shop, a vendor

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Speaker 5: at a pop up market, or even one of our

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Speaker 5: merch partners Square makes it easy for them to take payments,

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Speaker 5: manage inventory, and run their business with confidence, all from

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Speaker 5: one simple system. If you're a business owner or even

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Speaker 5: just thinking about launching something soon, Square is hands down

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Speaker 5: one of the best tools out there to help you start,

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Speaker 5: run and grow. It's not just about payments, it's about

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Speaker 5: giving you time back so you can focus on what

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Speaker 5: matters most ready. To see how Square can transform your business,

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Speaker 5: visit Square dot com backslash go backslash eyl to learn

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Speaker 5: can keep pushing your vision forward. This episode is brought

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Speaker 5: to you by P and C Bank. A lot of

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Speaker 5: Financial Service Group, Inc. P and C Bank National Association

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Speaker 5: Member FDIC.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded. Over one

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Speaker 1: hundred thousand illegal aliens have been arrested. If you are

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Speaker 1: here illegally, your next you will be fine nearly one

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Speaker 1: thousand dollars a day, imprisoned and deported, you will never return.

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Speaker 1: But if you register using our CBP home app and

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Speaker 1: leave now, you could be allowed to return legally. Do

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Speaker 1: what's right. Leave now. Under President Trump, America's laws, border

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Speaker 1: and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security give.

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Speaker 4: That term inside of a store on the management supervisor level.

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Speaker 4: Once you get into the investment level, the number one

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Speaker 4: rule is add value to shareholders. How can we add

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Speaker 4: value to shareholders? One of the ways we add value

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Speaker 4: to shareholders is by buying that shares increasing the stock price.

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Speaker 4: That's how we add value. Right, So now check this out.

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Speaker 4: You're supposed to take money that you make and have

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Speaker 4: it set on side for a rainy day. But instead

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Speaker 4: you have greedy CEOs and what they do is every

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Speaker 4: time they have money, they're buying back shares. They're consistently

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Speaker 4: buying back shares. So if you consistently buying back shares,

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Speaker 4: true enough, you are adding value to shareholders. But when

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Speaker 4: times like this, something that comes out of nowhere, now

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Speaker 4: your business can't float because you've now bought share buy

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Speaker 4: back three years in a row and you have no

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Speaker 4: money on the side. While you have companies like Berkshaw

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Speaker 4: have to weig, Microsoft, Google, Facebook. They literally have one

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Speaker 4: hundred billion dollars eighty billion dollars. Larn Buffet has one

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Speaker 4: hundred and thirty two billion dollars money sitting right there.

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Speaker 4: Microsoft has one hundred and forty eight billion dollars. Apple

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Speaker 4: has one hundred they had one hundred and ninety billion

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Speaker 4: dollars sitting there not doing nothing with it. These are

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Speaker 4: the type of big is we want to deal with.

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Speaker 4: So those are some things that I person to look

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Speaker 4: at without going too too deep.

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Speaker 2: It is keeping on a you know, on a level.

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Speaker 2: We often dissect this.

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Speaker 4: You want to look at working assets, I mean current assets,

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Speaker 4: current liabilities.

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Speaker 2: Take those away, you'll get working capital.

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Speaker 4: You want that to be positive, and then you'll have

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Speaker 4: total assets, total liabilities.

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Speaker 2: You want to take the assets from that.

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Speaker 4: You want that to be positive, and you want to

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Speaker 4: cast go from the business to be positive.

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Speaker 2: I hope I ain't go too deep. I try to that.

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Speaker 2: I just I just had one follow up.

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Speaker 3: So everything you said was was free jewelry. I hope

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Speaker 3: everybody paid attention put them put them houses up on YouTube.

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Speaker 2: Shot like I once again shout to my gout host.

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Speaker 3: He had a post and he said, like he goes

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Speaker 3: to Yahoo finance to find out this stuff, like do

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Speaker 3: you use y'aho find Like what what website do you

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Speaker 3: use to actually look to see information?

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Speaker 4: Yahoo finance is good, but out right it's it's twenty

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Speaker 4: twenty right now. We've into the second quarter.

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Speaker 2: For some businesses.

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Speaker 4: You'll go to Yahoo Finance and it'll still say twenty eighteen.

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Speaker 4: You know what I'm saying. So you can use that.

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Speaker 4: Somebody put it in there. You can use SEC dot

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Speaker 4: gov or edgar. But for me personally, I'm going straight

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Speaker 4: to the company website. I'm going straight to the website.

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Speaker 4: I'm gonna straight to the investor relations page.

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Speaker 2: I'm gonna talk my talk. I'm gonna see, I'm gonna

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Speaker 2: look at transcript. See. I'm an avid reader.

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Speaker 4: I'm a learning machine, right, So I would look at

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Speaker 4: I'll look at an SEC dot gov all day.

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Speaker 2: I'll look at investor relation report all day.

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Speaker 4: I'll look at ammal reports from four years ago, to

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Speaker 4: see how the revenue has consistently grown, how the income,

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Speaker 4: how the earnings have consistently grained.

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Speaker 2: As it's great as a I'll say this like as

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Speaker 2: a quick, as like something quick to go to.

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Speaker 4: But if you go there and it's twenty twenty and

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Speaker 4: they still got four quarter twenty eighteen, now you're gonna

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Speaker 4: be stuck.

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Speaker 2: You don't know what to go to now. So now

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Speaker 2: you gotta go to so again, SEC dot up.

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Speaker 4: And I'm gonna be real too, that site can't confuse

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Speaker 4: a lot of people SCC DOC. If you don't know

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Speaker 4: what you're going on to look for, where you get

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Speaker 4: lost there.

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Speaker 2: So the next best thing.

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Speaker 4: Is to just go to the investor relations phase of

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Speaker 4: any company, right and just and they'll tell you everything

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Speaker 4: you need to know there. So for me, I'll use

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Speaker 4: the SEC. I'll use it, I'll who finance. But it

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Speaker 4: ain't my goal to it ain't my goal. There's a

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Speaker 4: whole lot, whole lot of houses going up there.

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Speaker 2: Real quick, even on the back side. Like remember like

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Speaker 2: in the mid two thousand and early two thousands.

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Speaker 6: When the artists will come out and they'll be like, yo,

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Speaker 6: he sold six hundred thousand, and you're like, I don't

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Speaker 6: hear anybody playing this record though, right, it's a corporate

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Speaker 6: version of universal and depth sham and buying.

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Speaker 2: All them records facts, and like you said, when.

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Speaker 6: You get it now you have no real money to

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Speaker 6: invest into the actual business and to piggyback off what

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Speaker 6: Trump saying, Like when you're looking at those numbers, when

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Speaker 6: you go to the technical side, go look at Ford

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Speaker 6: and see how their balance sheet was. Ford's been in

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Speaker 6: trouble for a long GM been in trouble for a

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Speaker 6: long time, and that's why we try to keep it

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Speaker 6: simple with the analogies and the comparisons, like if you

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Speaker 6: would not want to drive a Ford or a GM,

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Speaker 6: then why would you want to put your money there?

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Speaker 6: And that's why I asked them what kind of phone

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Speaker 6: you have? Most people have iPhone. It's an easy way

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Speaker 6: to say into that. So those buybacks be careful because

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Speaker 6: if the company is doing well, you're going to have

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Speaker 6: enough institutions, hedge funds and retail investors that buy on

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Speaker 6: their own and they don't have the records back to

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Speaker 6: get these things up in the market.

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