1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding of professionals 4 00:00:10,800 --> 00:00:14,040 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,760 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,880 --> 00:00:49,919 Speaker 2: Novo is going in the opposite direction. Novo almost as 14 00:00:50,040 --> 00:00:53,320 Speaker 2: forty fifty two week low. So what is the deal 15 00:00:53,360 --> 00:00:55,360 Speaker 2: with Novo? Is this opportunity to buy Novo? 16 00:00:55,880 --> 00:01:02,000 Speaker 3: Hell No, Herald I didn't look like Jordan when Jordan 17 00:01:02,120 --> 00:01:04,479 Speaker 3: was out of the league playing baseball because David started 18 00:01:04,480 --> 00:01:07,120 Speaker 3: making them sit down. But when Jordan came back, heromined 19 00:01:07,319 --> 00:01:09,080 Speaker 3: shot the hair on his family because I don't watch 20 00:01:09,720 --> 00:01:14,760 Speaker 3: but no Novo. They missed on an Alzheimer's drug and 21 00:01:14,800 --> 00:01:17,880 Speaker 3: it's the crazy part that's interesting. They've fallen this much. 22 00:01:17,959 --> 00:01:22,200 Speaker 3: And isn't Novo's operate or net margin a gross margin 23 00:01:22,240 --> 00:01:24,959 Speaker 3: eighty nine percent? Like, how do you have a gross 24 00:01:24,959 --> 00:01:28,559 Speaker 3: margin net wide? And that stock does that? No, Lily 25 00:01:28,640 --> 00:01:33,200 Speaker 3: is a one of one company, and I have no 26 00:01:33,319 --> 00:01:40,120 Speaker 3: bias towards any of these, but Lily's just just is 27 00:01:40,160 --> 00:01:43,839 Speaker 3: it better company. This is like almost comparing Meta versus Snap. 28 00:01:44,240 --> 00:01:47,480 Speaker 3: I like Evan, I like to got glasses and when 29 00:01:47,480 --> 00:01:49,680 Speaker 3: the girls had the little filtered it's the fucking eight 30 00:01:49,800 --> 00:01:53,160 Speaker 3: years and it was fire. But they're not Meta. Novo's 31 00:01:53,200 --> 00:01:57,000 Speaker 3: not Lily. It's not I think if you look at 32 00:01:57,000 --> 00:02:01,920 Speaker 3: an executive management, drug the results of the drugs, the 33 00:02:01,960 --> 00:02:04,400 Speaker 3: pipeline that they have for the next five years, the 34 00:02:04,520 --> 00:02:08,840 Speaker 3: return on assets, return on equity. There's no point where 35 00:02:08,880 --> 00:02:11,560 Speaker 3: you look at Novo and say these two are the same. 36 00:02:13,480 --> 00:02:17,440 Speaker 3: It had a great moment, great, but it's over with. 37 00:02:17,639 --> 00:02:19,280 Speaker 3: I'm not saying that the company's dead. They're not going 38 00:02:19,360 --> 00:02:21,840 Speaker 3: to be delisted, but would they ever be Lily were 39 00:02:21,880 --> 00:02:26,600 Speaker 3: engine No. 40 00:02:24,639 --> 00:02:32,320 Speaker 1: No, Yes, it's doesn't look great. It doesn't look great. 41 00:02:32,320 --> 00:02:36,200 Speaker 1: They you know, ozempic was is a thing. It on 42 00:02:36,560 --> 00:02:42,360 Speaker 1: became the band aid of its adhesives, right, but you 43 00:02:42,440 --> 00:02:46,960 Speaker 1: don't have a mode on that that drug like they 44 00:02:47,280 --> 00:02:51,760 Speaker 1: So when zip bound comes out, other glps come out 45 00:02:52,120 --> 00:02:56,360 Speaker 1: less lesser known, even some white label GLP comes out. 46 00:02:57,080 --> 00:02:59,440 Speaker 1: That's going to cut into your business model. And again, 47 00:03:00,400 --> 00:03:02,919 Speaker 1: when you have an administration that is held doound on 48 00:03:03,040 --> 00:03:06,640 Speaker 1: making sure that American companies strives and going out an 49 00:03:06,639 --> 00:03:10,760 Speaker 1: American company, Well, every fifth ad when you watch Good 50 00:03:10,760 --> 00:03:14,639 Speaker 1: Morning in America, when you watch the Today's show, it's 51 00:03:14,680 --> 00:03:17,200 Speaker 1: going to be that American company tomorrow when you watch 52 00:03:17,200 --> 00:03:18,880 Speaker 1: the American America and you're like, damn sure it was 53 00:03:18,960 --> 00:03:22,520 Speaker 1: right that they're going to make sure that they're going 54 00:03:22,600 --> 00:03:26,320 Speaker 1: to promote lily and because it has obviously a superior product, 55 00:03:26,320 --> 00:03:29,480 Speaker 1: but it has the motive of having to not rely 56 00:03:29,600 --> 00:03:34,560 Speaker 1: on one thing, the Alzheimer's pilled. This is like the 57 00:03:34,680 --> 00:03:36,240 Speaker 1: third I feel like this is like the third time 58 00:03:36,240 --> 00:03:37,200 Speaker 1: that this has not worked. 59 00:03:37,400 --> 00:03:38,080 Speaker 3: That worked yep. 60 00:03:38,400 --> 00:03:40,160 Speaker 1: I don't know how many chances they're going to get 61 00:03:40,160 --> 00:03:42,600 Speaker 1: to not have it work. The stock is now trading 62 00:03:43,640 --> 00:03:47,360 Speaker 1: at the five five years ago it was that in 63 00:03:47,400 --> 00:03:50,200 Speaker 1: twenty twenty one, it was trading at forty two dollars 64 00:03:50,600 --> 00:03:53,119 Speaker 1: and the SOCC is currently sitting here five years later 65 00:03:53,240 --> 00:03:56,160 Speaker 1: at forty five. Had a crazy run up obviously during 66 00:03:56,160 --> 00:03:58,640 Speaker 1: the GLP phase up to one forty five forty seven, 67 00:03:59,160 --> 00:04:01,120 Speaker 1: and now we're right back down to where we were 68 00:04:01,160 --> 00:04:06,560 Speaker 1: in twenty twenty one. Gonna be tough. Would I would 69 00:04:06,640 --> 00:04:08,080 Speaker 1: definitely not invest in this. 70 00:04:08,560 --> 00:04:11,160 Speaker 3: If you look since inception when an ip or their 71 00:04:11,160 --> 00:04:14,280 Speaker 3: all time lowest two dollars and seventy four percent. Since 72 00:04:14,320 --> 00:04:16,760 Speaker 3: the high, they're almost have given up seventy five percent 73 00:04:16,800 --> 00:04:18,599 Speaker 3: of all those games I put in stock Club earlier. 74 00:04:18,600 --> 00:04:22,320 Speaker 3: Ten reasons why they have underperformed, but I'll give three here. 75 00:04:23,440 --> 00:04:26,200 Speaker 3: Through the expectations for the GFP one was too high. 76 00:04:26,720 --> 00:04:31,360 Speaker 3: The manufacturing bottlenecks and capacity limits were another issue, and 77 00:04:31,400 --> 00:04:35,960 Speaker 3: then also too Like outside of Lily, the weight loss 78 00:04:36,000 --> 00:04:39,200 Speaker 3: drug cycle of Boom and Bus has always been a 79 00:04:39,240 --> 00:04:43,440 Speaker 3: short cycle of winds and extreme losses like if you. 80 00:04:43,440 --> 00:04:44,080 Speaker 1: Go back to. 81 00:04:45,960 --> 00:04:49,480 Speaker 3: The ally drug like this category of weight loss drugs 82 00:04:49,480 --> 00:04:52,040 Speaker 3: has always had some issues, whether it was with a 83 00:04:52,160 --> 00:04:57,359 Speaker 3: veteran or heart issues or gut issues. This isn't a 84 00:04:57,400 --> 00:05:01,320 Speaker 3: sustainable product line that will work long enough to allow 85 00:05:01,360 --> 00:05:03,920 Speaker 3: you to build a business around it, to be able 86 00:05:03,960 --> 00:05:08,320 Speaker 3: to be okay, no, and then weight loss thows after 87 00:05:08,640 --> 00:05:11,080 Speaker 3: the two years. So in the best case scenario, after 88 00:05:11,279 --> 00:05:13,880 Speaker 3: two years, it's the end of the product cycle. So 89 00:05:14,000 --> 00:05:18,960 Speaker 3: the lifetime customer value is lower than every other competitor 90 00:05:18,960 --> 00:05:21,760 Speaker 3: that you have for other drugs that are doing incredibly well. 91 00:05:21,800 --> 00:05:25,120 Speaker 3: Like literally, is Damnar the n video of healthcare. You're 92 00:05:25,279 --> 00:05:28,320 Speaker 3: you're fighting a monster that cannot be defeated. 93 00:05:28,680 --> 00:05:30,880 Speaker 1: This might not be one of those situations where number 94 00:05:30,920 --> 00:05:36,159 Speaker 1: two is actually they already announced that they're they're trying 95 00:05:36,200 --> 00:05:40,480 Speaker 1: to get GLPS to be a part of healthcare plans. 96 00:05:40,839 --> 00:05:43,120 Speaker 1: They've already and we talked about this a few weeks ago. 97 00:05:43,200 --> 00:05:45,920 Speaker 1: They're dropping the price costs over the first six months. 98 00:05:46,160 --> 00:05:49,440 Speaker 1: Must stay right that they're trying to do all the 99 00:05:49,520 --> 00:05:52,840 Speaker 1: things I think when you have a pill form, because 100 00:05:52,880 --> 00:05:54,640 Speaker 1: that's the thing, right, like who gets to the g 101 00:05:54,839 --> 00:05:59,960 Speaker 1: LP pill first? And when you have a pill form 102 00:06:00,480 --> 00:06:04,039 Speaker 1: fail for a different drug, well, that puts uh that 103 00:06:04,120 --> 00:06:06,520 Speaker 1: red flat. Hey, this is another pill that has failed 104 00:06:06,560 --> 00:06:09,599 Speaker 1: for them, that's failed for them, We'll get to it first. 105 00:06:10,080 --> 00:06:12,040 Speaker 1: My assumption would probably be literally gets to the pill 106 00:06:12,120 --> 00:06:14,600 Speaker 1: form first, and that that changes a lot of things 107 00:06:14,680 --> 00:06:16,599 Speaker 1: into and if they can get the right price obviously 108 00:06:16,600 --> 00:06:19,360 Speaker 1: put that part of people's healthcare plans. Earners. What's up? 109 00:06:19,440 --> 00:06:21,960 Speaker 1: You ever walk into a small business and everything just 110 00:06:22,080 --> 00:06:25,279 Speaker 1: works like the checkout is fast, or seats are digital, 111 00:06:25,800 --> 00:06:28,760 Speaker 1: tipping is a breeze and you're out the door before 112 00:06:28,800 --> 00:06:32,960 Speaker 1: the line even builds Odds are they're using Square. We 113 00:06:33,080 --> 00:06:35,640 Speaker 1: love supporting businesses that run on Square because it just 114 00:06:35,680 --> 00:06:38,920 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 115 00:06:38,960 --> 00:06:41,200 Speaker 1: at a pop up market, or even one of our 116 00:06:41,279 --> 00:06:44,960 Speaker 1: merch partners. Square makes it easy for them to take payments, 117 00:06:45,160 --> 00:06:48,880 Speaker 1: manage inventory, and run their business with confidence, all from 118 00:06:48,960 --> 00:06:51,799 Speaker 1: one simple system. One of the things we love most 119 00:06:51,839 --> 00:06:55,440 Speaker 1: is seeing neighborhood businesses level up. This is West Indian 120 00:06:55,480 --> 00:06:58,000 Speaker 1: Spot right in our community that started with a small 121 00:06:58,040 --> 00:07:01,520 Speaker 1: takeout counter. Now with Square they've been able to expand 122 00:07:01,560 --> 00:07:04,640 Speaker 1: into a full sit down restaurant and even started catering 123 00:07:04,640 --> 00:07:07,839 Speaker 1: events across the city. That's the kind of growth that 124 00:07:07,920 --> 00:07:11,760 Speaker 1: inspires us, and it's powered by Square. 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