저자: Kevin · 외국인
요약 보기
사모신용 유동성 우려로 Blue Owl발 충격이 AI 데이터센터 관련주(오라클, 코어위브, Nvidia, AMD)를 짓누르는 중. 오라클 CDS 상승, Blue Owl의 미시간 데이터센터 금융 중단이 적색 신호로 제시됨. 2007년 유동성 쇼크와 비교하며 금·은 급등을 사모신용 리스크의 대리지표로 설명. 본인은 엔비디아 약 250만 달러를 180~205달러에 매도했다고 밝힘. 테슬라는 단기 신중론, 넷플릭스·메타는 매수 관점 언급. 리츠형 투자상품 홍보 포함.
다듬은 글
but yet they continue to go down in an environment where the market's correcting. That's telling you that the market just wants to reduce positioning and work off some of that bullish sentiment. And I think that's what we are faced with right now. We are too bullish on risk assets moving into Well, the market's selling off again because of hardware companies yet again.
It's always the data centers. And yeah, we might be at the data centers in space moment, but people are now asking if no, not the canary in the coal mine is dying, but the owl in the data centers is dying. All right, let's explain. All of this has to do with the drama going on with Blue Owl. Now, a lot of people say this is not fair, this Blue Owl drama.
Everything is fine. Everything is on schedule. There's nothing to see here. In fact, that's literally what Oracle is arguing. Oracle says, "Hey, don't worry. We are in the final stages of our Michigan data center. Everything is on schedule. We don't need the help of Blue Owl Capital. So screw Blue Owl.
We're good. Please don't sell Oracle stock." Okay, so that's the premise. So Oracle is freaking out because their stock's down like 5% on the day because markets are selling off that blue owl doesn't want to touch Oracle. Okay, so here's Oracle stock down 5% on the day. Zoom out on the day chart. It's not a really pretty chart.
We're basically going full circle on this and it's taking Coree down. It's taking NBIS down. It's taking Iron down. It's taking AMD down. It's taking Nvidia down. It's taking the whole damn sector down, which naturally is taking the Q's down, which is unfortunate because the Q's have actually been seeing a broadening out.
You know, seen a recovery in stocks like Target, uh, Nphase has even been recovering. Trade desk is trying to pop a little, you know, like you're seeing some movement in in stocks that used to be dead, but the weight of these big mega caps is pushing everything down. Now, why? What could be going on here?
Well, what's going on here is people understand that when liquidity drives up dries up, growth rates collapse. And that's the concern. Remember this Kevin Walsh piece here. April 14th, 2008. Kevin Walsh, the financial market turmoil in the Federal Reserve. The plot thickens. What does he talk about?
He talks about liquidity. and he literally talks about how there was a liquidity shock last August and a quote global margin call on virtually all positions. What he's referring to is when BNP Parabus had to cancel valuing funds that created a credit shock and a seizing up in private credit. Now, why does that matter?
Why does anybody care? Well, I wrote this out for us to make this very simple. In 2007, liquidity dries up in August of 20 uh 2007. The Federal Reserve panics and starts pumping liquidity to try to pump up uh these private credit markets in early 2008. However, the Fed doesn't do enough and they end up being too late because they're worried about inflation.
And as a result, the global economy collapses through the Great Recession, starting with the collapse of Lehman Brothers and of course all the warning signs before that. Mind you, where we sit today is, yeah, liquidity is drying up right now and the Fed literally is panicking right now. We just printed billions of dollars on Tommo and we're printing money for Pomo.
And so why does this matter? Well, it all matters because Oracle's growth is projected to be 33% next year, the year after that, the year after that, and the year after that. An average of 33% for the next four years on average is predicted. But the problem is all of that growth is predicated on them being able to finance.
They just turned negative cash flow. We just saw their cash flow go to10 billion. And Blue Owl has been a reliable financing partner for them in the past. Look at this. Blue Owl financed a $15 billion data center for Oracle in Abalene, Texas, and an $18 billion data center uh in New Mexico for Oracle.
The fact that Blue Owl is now bailing on these deals is raising a red flag. Why would Blue Owl, who makes a living off not only financing Oracle's data centers, but also financing Meta's data centers, all of a sudden bail? And that's why markets are skittish today. Now, Blue Owl says, "Hey, you know what?
Uh, we were going to finance money for this 1 gawatt hour per hour data center in uh Seline, Michigan, but you know, we decided not to do that after negotiations stalled. You know, the private lenders basically like Blue Owl, they're like, you know, we're going to need uh some better terms because things are getting a little spooky out there.
You know, Oracle CDS has just jumped to 150. We were 128 on the 2nd. We were 134 on the 12th. Here we are on the 17th. We're 17th. We're at 150. It's starting to get a little weird out there. We keep going in the wrong direction on this debt. And so Blue Owl's like, "Oh, no, no, no, no. We're going to need some some better, you know, guarantees that you're not going to burn us." And so apparently Blue Owl's like, "JK, you know what?
we're not going to do the $10 billion deal with you when they've previously done a $15 billion deal and an $18 billion deal with Oracle. So basically, a cash well that used to be valuable and reliable for Oracle is now not valuable or reliable. Now, part of that could be because Blue Owl is getting sued.
Blue Owl is getting sued in a class action lawsuit. The class action lawsuit, as they usually do, claims that Blue Owl is experiencing meaningful pressure on its assets from business development company redemptions. As a result, the company is facing undisclosed liquidity issues. You can actually see the chart of those liquidity issues because if you look at some of the Blue Owl funds, you could see the price to book value of some of these entities is actually trading at 80 cents on the dollar.
So, you know, you're taking a 20% loss. This is the week chart, by the way. Here's the day chart. You're taking a loss on actual net asset value on some of these Blue Owl funds. So, there could be two things at play here. It's possible, and this is the jaded version of Kevin. The jaded version of Kevin says Blue Owl is in they're in a lawsuit for liquidity issues and they're giving away money or lending money too easily.
Their private credit books are falling apart. They're selling at a discount to NAV. their attempt to salvage that collapse by buying their own stock and then eventually still giving up on the merger. Blue Owl calls off merger between private credit funds, inflicting losses of 20% on investors. Right?
This is all an attempt by Blue Owl to go, "Hey, we're we're going to try to pump up our own stock. You know what? We'll we'll lend a little less. We got to deal with this class action lawsuit. we got to deal with investors bailing on us now. You know, maybe we'll pull back a little bit and try to signal, no, no, no, we're we're being safe.
We're being scrupulous. You know, this is kind of like what banks do as well, right? Like banks do this as well. They're like, okay, guys, they'll have their little huddle up meetings and they'll be like, "We need to kick out 10 people from the bank, like customers. It could be Donald Trump or whatever.
You know, we've always heard about him with debanking." And they don't necessarily tell you why they kick people out. They just do. And the way they do that is they can hide under the employee client or attorney client privileges at banks. And the whole intention is to conceal why they actually kick people like Trump out.
And it can never come up in discovery because attorneys are in the compliance departments. That's how Trump gets screwed out. That's how that information never shows up in compliance. But the point is the bank turns around and brands. Nope. See, we kicked some people out. We are being smart and prudent with risktaking.
That's the same thing as Blue Owl in my opinion. I think that Blue Owl is bailing on this Michigan data center because Blue Owl is trying to say, "Hey guys, hey, you know what? No, no, no. Too much risk at Oracle. We're going to be prudent and we're not going to actually lend to Oracle. even though we've already lent them 15 billion and 18 billion, we're just not going to lend to them again.
That's the red flag because now people wonder, well crap, if Oracle has negative free cash flow and they rely on debt to keep expanding, well, they look cheap based on these growth rates, but wait a minute, if they don't get their financing, their growth collapses. This is really bad, right? Well, let's see what their buddy Cororeweave is saying.
Because remember, we already talked about how Oracle is saying, "Hey guys, uh why don't you just bring your own chips to our data centers? We're kind of running out of money to finance this all. Please bring your own chips." It's crazy. It's bad, right? For some transparency, by the way, just on my positioning, uh by the way, we have that we did like a coupon for two hours, a special one called Ton W Tony because of Tony in the live stream.
Thank shout out to Tony in the live stream. But just a little bit of transparency here just on my positioning. I want to show you Coreweave. So uh and that'll work on the reinvest AI at househack.com and uh the meet Kevin membership the alpha report. But anyway, uh some transparency on Alpha this morning.
Uh I've been talking about weakness and hardware for a while and I haven't said this publicly yet, but I sold about $2.5 million of Nvidia uh between 180 to 205. So some of my sales were at 205, some were at 200, some were at 195, some were at 190, some were at 185, some were at 180. Uh, and I sold about $2.5 million of Nvidia.
So I just like I'm just making that public now. And this has been known to course members for, you know, over a month now. Uh, that, you know, I've started selling my Nvidia. I'm I'm not exposed to these data center plays. I don't have any shorts in these plays. So I just want to be clear about that.
But I've also been saying that this hardware risk is a problem because it's a big it's a big part of the cues. Now, I was hoping because of the 607 bounce yesterday that we would actually continue to bounce slowly on the cues, but it's actually bad because we just lost 607. I hope we can regain 607, but the weight of what's going on at Oracle, Coreweave, NBIS, Iron, AMD, and Nvidia is very heavy.
Like, this is heavy pain. We actually don't have a lot of bad catalyst between now and January 9th. It's just the data center stuff. That's why paying attention to this data center stuff is really important. Look, by the way, at what gold and silver are telling you. Gold and silver spiked when we had the private credit panic in 2007 over here and then spiked when we had QE.
And look what we have now. This should tell you about the private credit plummet or or well the risk that we're seeing in private credit, right? because gold is skyrocketing in part as a proxy to private credit risks. Keep that in mind. Now, something to watch. Go to Coreweave's investor relations docs.
You go to Core's investor relations docs, you're going to see a few things. So, let's start at the top. So, here's their last earnings call. And what does Coreweave tell you? Who's another, you know, financing developer? First, they're like, "Hey guys, don't worry. Our debt doesn't mature until 2028.
Keep in mind 2028 isn't that long away for long-term financing. This is not like 30-year fixed rate financing, right?" And then they're like, "Guys, don't worry. These delays in data centers are temporary." Keep this in mind. These delays in data centers are problematic. Not just because they slow down financing, but you're also in part getting delayed because of stuff like this.
Look at this. Detroit Metro Times residents raise alarms over environmental risks tied to massive data center in Seline Township. Right? And so what you see is state regulators are facing increasing pressure to slow down a 7 billion $2.2 2 million square foot data center proposed for rural Seline Township where residents and environmental groups warned the project would destroy the wetlands.
And then of course they get into talking about energy as well, right? Like energy slowdowns and stuff. Oracle like coreweave is also complaining about its data center slowdown because I guess they couldn't pour concrete cuz oh my gosh it rains in Texas. Imagine that. But like the fact that we're getting so granually worried about uh frankly not being able to pour concrete for our data centers causing delays.
The fact that that is making news is a sign that this financing for these companies is really sensitive. And so of course in their earnings calls they're like, "Oh, don't worry. These delays are just temporary. Everything is fine, guys. Everything is fine." So if I scroll down a little bit more, what do I see over here?
You see this Nvidia contract in our revenue backlog. Okay, so Nvidia is providing financing by underwriting some of the computing infrastructure. Okay, we already knew that Nvidia backs Cororeweave. Nvidia has a 7% stake in Coreweave. But what here's what's more important. Look at this. How do you think about your path going forward between the different ways of funding your business?
It's all about funding your business, right? And I always say you should think of a red flag when you hear things like, "What about creative or innovative financing, Kevin?" Like when I hear people do these deals in real estate, you know, we don't have creative financing for our real estate. We have no bank debt for our real estate.
We don't have any debt on our on our real estate. When I hear creative or innovative financing, I think very high risk financing shouldn't require innovation. If you had a 30-year fixed rate mortgage on data centers, would you need to innovate financing? No. You'd be happy. Instead, what do you have?
You have the following. Thank you. Here's the CEO. Okay, Mike. So, look, we've driven innovation on the technology side. We've driven innovation on the financing side, right? Ho ho ho. The way I look at this is well, we will look at the full suite of potential ways financing uh of financing and expanding our footprint and we will choose whatever is the most coste effective way of increasing our scale and serving our clients.
So, uh, if we need to start leasing instead of building data centers because we don't have the financing capabilities, well, then that's the path we'll go with. But we've seen a lot of different structures. We've created a lot of different structures that have given us access to capital over the last 3 years.
And we believe we're going to explore the full suite. We're going to explore the space fully with more cowbell. and we look forward to uh those deals. You know, everything is fine. We don't deal do deals unless this financing is already spoken for. So, uh everything is fine. Yeah. That's that's why.
Okay. Why folks? It's because that's why that's why people are nervous that when Blue Owl bails on financing that everything starts looking a lot less stable. You know, I tweeted uh a response to this. It's no surprise CDS are going up as well. I um I quote tweeted uh Bloomberg and uh and I wrote unpopular opinion.
Open AI is running on fumes and will promise to use anyone's chips in return for an investment. I hope I'm wrong. Sam Olman has the power to single-handedly push us into recession. And then of course there were some additional comments about like, hey, why doesn't OpenAI scale back on like some of their costs by cutting back on free user uh exposure?
And I'm like, the problem if you do that is that if you cut back on on your expenses because of uh uh you know data center issues or whatever, then new user growth tanks and then new investments would vanish. Keep in mind that Oracle right now or uh Open AI like what we quote tweeted here, OpenAI is in discussions to raise $10 billion of investments from Amazon and use the online retailers AI chips.
Yeah. because they need to. They need to take money anywhere they can and they're willing to make any promises they need to. Waller this morning said, "Thank goodness we're hearing Waller and Trump talking. Waller is a way better choice, but we're hearing Waller talk about the labor market being very soft and that rates are potentially still 1% above neutral.
That's a big problem. That means we have a lot more rate cuts to do. That Waller is legitimately fearful about the labor market." Wells Fargo, anybody but JP Morgan. Wells Fargo is uh uh suggesting the following. Look at this. Wells Fargo says, "The last labor market that we saw indicates the labor market is still struggling to maintain its footing.
We just saw the worst October drop in un in employment since 2020. And the labor market is only up6% from last November driven by healthcare and social assistance. This is scary. This is a really big problem, you know, and this is why like I made a I made a call this morning and I'm not trying to frustrate people on this and yeah, I did just put the reinvest banner up, but I made a call this morning in the alpha report when Tesla was, you know, 490 or whatever it was over here.
I made a call this morning in the alpha report and I said it is time to be prudent on Tesla. Like I'm gonna be very transparent about this. I said that in 2011, I wish somebody would have grabbed me by the shoulders and said, "Kevin, it's at record highs. You have trash for catalyst ahead of you. The market is at a precarious point.
I wish somebody would have shaken me and said, "This is a great time to sell some calls or take some profits." This morning in the course member alpha report you I we talked about selling calls and how if you sold what was it like April or May calls you could make like you could literally be selling Tesla shares effectively with a premium you're getting for like $550 because you're getting paid like $60 on some of these sell calls.
You know obviously if you sell calls the risk is that the stock declines even more than that and that's of course why you know the sell call premiums are so high. the sell call premiums are very high and volatility is not even high on Tesla right now. The 5day and 10day moving average for volatility on Tesla is actually below average.
But anyway, I'm like please like diversify. And so yeah, I mean obviously I'm a little biased. This is where I get biased. I'm biased and I think that a great way to diversify right now is investing in either like take from some of these individual stocks, have some money in cash, pay off debt, or shameless plug, go invest in something like house hack, you know, no bank debt.
It's literally backed by real estate. Did you see the Michael Bur piece on real estate? Let me pull up the Michael Bur piece on real estate. Michael Bur just talked about usually bad things come to the stock market when you have uh household wealth lower or real estate as a percentage of net worth lower than equities as a percentage of net worth.
The last time that happened was in 1998 and then it happened in the 60s both of the times right before bigly recessions. Michael Bur was talking about that and so then real estate normalizes and becomes a greater part of people's net worth. I personally think that aligns almost perfectly with diversifying into a real estate company.
On top of that, obviously, we have our real estate AI, which you could join if you want. We have our release schedule of what our AI is and everything at houseack.com or reinvest.co. But yeah, I mean, if you click invest in the company, you can invest. You get 5% as a yield paid through conversion plus all of the upside in the stock.
It's real estate backed. You invest with a credit card, a wire, no fees if you want. I I don't obviously recommend you go in deb think now is a great time to look and go, "Yeah, dude. There are ser Well, people are apparently taking the advice. I got a giant red candlestick there on Tesla." But no, I think it's a fantastic time to look and say, you know, this is why I made my video yesterday uh about Tesla like like Tesla's due for an imminent collapse I wrote yesterday.
And it's not because I bearish Tesla. I love Tesla. But it's it's just I want to send a message that I wish in 2021 somebody did that for me and said like forget house sack among go like just diversify just pay off some debt just be a little bit more insulated for a crash that's it uh anyway okay so uh let's go back to this Oracle piece for a moment let me get rid of this uh reinvest banner so if I go back over here what do we have here the AI market is propped up on growth estimates that rely on debt at expanding.
You mean 2021? What did I say? Yeah, I meant 2021. 20. Yeah. Sorry if I said 2011. You know what I mean? It's 2021. You I'm not going to go back and fix that in editing. You know what I mean? Uh this AI market is propped up on growth estimates that rely on debt expanding. Right now, we are seeing debt contract, right?
That's the problem. That's why and and you know we the reason we did the W Tom thing is because like this isn't to dump on it's not Tom it's Tony it's it's win Tony was what it was that's what we did W Tony we made a special coupon for Tony because Tony said hey you know if somebody sells like somebody gets that money right like the money goes somewhere and I make the argument that no it evaporates and this is why down markets are so bad because at the same time markets can go up and we generate wealth out of thin air.
The same thing happens on the downside and people forget this. So we made an example here. Let's say you have a million dollars of Tesla stock at 480 or 490 or whatever and then there's some kind of shock. Leman Brothers bank failure liberation whatever. Now all of a sudden there are no buyers until 350 and then one jerkoff sells Tesla at 350 and one jerkoff buys Tesla at 350.
Now, all of a sudden, the last reported trade is $350. You just instantaneously on your million-doll position at Tesla lost 27% in net worth. So, the point is in down markets, money evaporates. And if right now we're in a market that is propped up by debt and the debt is starting to tighten, that's bad.
Why is the debt tightening? One of the reasons people are worried about regulation. Another reason people are worried about lawsuits. You know, we just saw uh that uh uh Blue Owl is getting sued. But on top of that, look at this first brand's collapse ripples through private development corporations.
They're all shaking in their boots because of this. On top of that, you now got the regulators after them. Financial Times US prosecutors charged triolor executives over systematic fraud. Both first brand CEO is probably a fraud. Now they're charging thericolor folks with fraud. Which means everyone like Jeff who lended to them.
All of the lenders are now under the radar of the SEC investigating them because they're like why are you lending to these people? I kid you not. Look, Reuters. US SEC. Oh, freaking Reuters. Uh, US SEC investigates Jeffre over first Brand CL. That's how Oh, here I meant to put it up. That's how credit starts tightening.
People get nervous about regulation. They get nervous about lawsuits. They get nervous about all the crap. The Economist makes it pretty clear. The reason to fear a bare market is that American households have more to lose than ever before. Stock ownership accounts for 30% of their total assets. Now, don't get me wrong.
I'm not trying to say I'm a like a mega bear. You know, we made this bear bull chart in the course member live streams, by the way, just so we could kind of track where I stand with the um you know, bear bull bullishness or or whatever, right? Uh, and so if I go from, oh, where is it? Uh, you know what?
Here, got it up. If we go over here to the bare bull scale, I actually make my notes as to where I am on the bare bull scale. And I'm still sitting mid-range. You know, I put my notes over here about, you know, what's bearish or what's bullish or why I'm revising. You can see I've been mid-range. You know, I actually went really bullish right here on November 19th.
And that's also when I made a video on the channel called buy. And the market from November 19th through like December 10th, which is what we called, was like straight up, right? And but then of course people like, "But your titles are flip-flopping." It's like, "No, man. Like I'm I literally break down exactly what I'm looking at every single day." And now now we're tracking it, too.
So you can see it's actually pretty stable. Uh, the reason I'm bringing all this up is because this the problem is people are asking me, Kevin, Oracle's peg is so low. Isn't this a buy the dip opportunity? And the question is, it's only a buy the dip opportunity if you believe they can achieve their growth expectations.
If financing stops, the growth will plummet. So, you have to realize some companies are exposed to requiring more financing to grow. A company that sells an AI product or a SAS product doesn't rely on financing, doesn't rely on on, you know, selling stock or raising money because the cash flows are so high.
Like our margins are huge from from the AI that we sell. Doesn't have to be us, could be any AI play, but you know, if you're if you're SoFi and you have to issue shares to make loans, that's tough in a down market. If you're Oracle and you have to rely on financing, uh, you know, that's tough in a down market because you're negative free cash flow.
That's all. It's it's all just designed to be an education around in a down market, private credit compresses. And when private credit compresses, valuations that look cheap might not actually be because then their PEG ratios skyrocket and so you actually end up buying something very expensive. So that's where I personally I'd love and I have a little bit of exposure to Meta, so I just want to be clear about that.
It's not a lot, but I have a little bit of exposure to Meta. It's one of the reasons I like Meta. Not saying they won't go down if everything goes down, but one of the reasons I like Meta or even Netflix. Like I think the Netflix selloff is a steal. Like I think that's a buy. Again, I'm not trying to like, oh, you need to only buy my stuff.
Like I give you other opinions, too. Like I think Netflix is a steal because they don't rely on issuing stock to finance their business. Now, in fairness, they are taking on debt to do the Warner Brothers deal, which I think they're going to get. The Kushers have backed out. Paramount's going to get rejected.
Warner Brothers is going to push to to reject the Paramount deal. So, I think this like Netflix is going to be a behemoth. They're not relying on issuing stalker debt to keep going. Uh, the acquisition does have debt though, so there's an asterisk there. But broadly, if you look at the financials of Netflix, outside of the acquisition, they don't need to do take on data or financing.
They buy back stock. The same is true of Meta. You know, Meta, what I love about Meta is that Meta actually went to Blue Owl and got $27 billion of data center compute with the rights to cancel at certain intervals. I think it's every four years. And Meta's not going to hold the data center back. Blue Owl's investors are, which is exactly why we go full circle to the Blue Owl Development Corporation selling for, in this case, this one's selling for 87 cents on the dollar.
Blue Hour technology is selling for Blue Owl Technology is selling for 20 cents on the dollar and the performance hasn't been sorry 80 cents on the dollar 20% discount. Uh and the performance of these hasn't been that great because people are nervous about private cut. So there you go. That's that's like I think an exhaustive breakdown of what's going on here.
Somebody says Sam Bankass freed. Yeah. I mean like you're relying on continued capital inflows in his case to fund his fraud, right? Uh let's see. You know, the judge actually ruled in that Sam Bankman Freed situation. The judge issued a ruling and said that people could not have known that they were a fraud.
They were so secretly fraudulent that nobody could have known. That was very interesting. I saw that. Somebody says, "Will House hack pay dividends when it goes public?" I don't know. Like I think sometimes people like people asked me these questions. They're like, "Oh, well, like what are you gonna do in four years?" I don't know.
Like somebody asked me earlier like that's actually why I wrote this down. Somebody asked me earlier, "Hey, Kevin, are you guys going to finance if if there's a crash and rates go to zero?" Maybe. But here's the problem. You only want to finance this. Write this down. You know, if you if you don't watch another video from me and you're like, "I'm done with Kevin.
Unsub, dislike." Fine. I still love you, but please take this with you. Okay? Take this lesson with you. Debt is great. When the Fed goes to zerp. Okay. Oh, that's not that's not a good color. Uh, when the Fed goes to Zerp, debt is great and there's inflation. So, you need ZERP and inflation because inflation makes your debt cheaper to pay off.
So, you want ZERP and inflation. However, if we're at ZERP and deflation, you don't want debt. You don't want to make these promises. That's crazy. You should never make promises like that. 1K in house hack or 1K in Reinvest. I mean, they're the same company. Okay, I'm just gonna be transparent about this.
The reason I like reinvest for a few reasons. Okay, like one, Reinvest, if you write it out, it kind of stands for like real estate invest, right? But in the future, there are a few things we want to do with Reinvest. not just the AI, but in the future, you know, in the long-term future, what we're kind of thinking about doing is enabling people uh to reinvest in real estate through stable coins by basically, you know, put put real estate uh on blockchain, but not just real estate, certain real estate, also loans, you know, no guarantees.
This is all in the future. Also loans, right? So if you use our AI, you ideally uh in the future swipe up and get a loan uh on chain instantly uh through the reinvest app and then then if you want to, you know, reinvest your profits or whatever, you could kind of it's it's you can do that all through the app.
Like this is an ecosystem that we're trying to build. We're really really early days on this. So none of this is obviously guaranteed. It's just, you know, but that's that's why what people always ask, Kevin, why why the it's like, okay, well, cuz I think it flows with all of that, you know, if you open up the Meet Kevin app right now, it actually when it loads, it says reinvest with Meet Kevin.
I think it's kind of cool. Uh, so anyway, uh, all right, good. So, good luck out there. I love you all. Stay safe. I'mma go. But before I go, thank you so much for being a subscriber of the channel. Love having you here .
Comments 0