AN HOUR.
>> OKAY LET'S GET OUR NEXT
GUEST, LET'S SAY HEY JASON
JASON MOSER SENIOR ANALYST AT
THE MOTLEY FOOL DO
YESTERDAY. THE GREAT TO HAVE
YOU HERE WITH US JASON HELP US
BREAK THIS DOWN YOUR BIG TAKE
AWAY FOR THE DAY AS STOCKS
CLOSED HIGHER WITH YEAH MORE
MORE WAITING ON STIMULUS.
>> I THINK YOU'RE
THE NAIL AND THEY'RE RIGHT MORE
WAITING AND IT'S YEAH IT'S
IT'S YEAH EVERY SINGLE DAY IT
REALLY SEEMS LIKE THE WHOLE IS
JUST THE SAME THING PLAYING OUT
AND YOU MENTIONED GROUNDHOG DAY
IT REALLY FEELS THAT
WAY BECAUSE. THE HEADLINES OF
OF STIMULUS WILL THEY OR WON'T
DAY AND YOU ULTIMATELY HOPE AT
SOME POINT THEY WILL. BUT IT
REALLY JUST BOILS DOWN TO
TIMING. IT'S IT'S DISCONCERTING
THAT
THEY CAN REALLY COME TO SOME
TYPE OF AN AGREEMENT AT LEAST A
FREE SOME MONEY UP AND GET INTO
THE SYSTEM THE HANDS OF NEEDED
THE MOST. BUT BUT YOU KNOW
AGAIN HERE
WE ARE I SUSPECT WE WILL SEE
SOMETHING AT SOME POINT HERE IS
SOONER RATHER THAN LATER, BUT
THAT IS THAT IS THE BIG
UNCERTAINTY WE'RE GOING TO
CONTINUE TO WAIT UNTIL THEY CAN
SOMEHOW FIGURE OUT A WAY TO
WORK TOGETHER AND SO IN THE
MEANTIME.
>> WHERE ARE THE OPPORTUNITIES
PERHAPS AND THE MARKET IF WE
CAN CALL THEM THAT THAT
INVESTORS ARE CLEARLY TRYING TO
WADE INTO RIGHT NOW.
>> YEAH, I MEAN IT'S IT'S BEEN
OBVIOUSLY
GREAT TIME.
>> THE INVESTOR AND WE'VE HAD
SOME TERRIFIC OPPORTUNITIES
EVER SINCE THE BEAR MARKET
MARCH WHERE WE SEEN.
>> I THINK A LOT OF THE LAW OF
THE MOST OBVIOUS RETURNS
HAVE COME FROM COMPANIES THAT
WILL REALLY LEADERS IN THEIR
RESPECTIVE SPACES THAT HAVEN'T
NECESSARILY BEEN TERRIBLY
DISRUPTED FROM AND THEN I MEAN
YOU LOOK AT THE TRAVEL SPACE
FOR EXAMPLE, OBVIOUSLY THAT
HAS BEEN. TERRIBLY DISRUPTED
AND EVEN LIKE A BOOKING DOT COM
FOR
HE THEY STILL GOT SOME
CHALLENGES TO DEAL WITH BUT
LOOK AT THE SOFTWARE SPACE IN
THE WEEK WE LOOK AT A LOT OF
SOFTWARE COMPANIES OUT THERE
THAT ARE THAT ARE HELPING
BUSINESSES WHETHER IT'S A
DIGITAL IMAGING WEATHER ISN'T
SIMULATION SOFTWARE COMPANIES
LIKE ADOBE FOR EXAMPLE OR
ANSWERS OR EVEN ON A DESK WHICH
REALLY JUST
HAS FINALLY MADE THIS PIVOT TO
A SASS
SUBSCRIPTION BUSINESS MODEL
WHERE YOU KNOW THE MARKET I
THINK RIGHTLY SO YEAR AGO WAS
PROBABLY LOOKING AT ALL THE
DESK AND MAYBE A LOOKING AT IT
WITH A LITTLE BIT OF A
GLASS, HALF AND THE PERSPECTIVE
BECAUSE THEY WERE MAKING THAT
TRANSITION OF THE
BUSINESS MODEL. FAST FORWARD TO
THE DAY THE TRANSITION HAS BEEN
A TREMENDOUS SUCCESS
IN ONE. THEY ARE SEEING SOME OF
THEIR WHICH
BUSINESSES LOOKING FOR THOSE
THOSE CATS SOFTWARE PRODUCTS
THAT THEY OFFER SOME CUSTOMERS
RUNNING INTO A LITTLE BIT OF A
HEAD WHEN THEY'RE WITH THE
PANDEMIC AUTODESK HAS THE
LUXURY TO BE ABLE TO PUSH OUT
PRICING A
LITTLE BIT NOT DEMAND TOO MUCH
OF THEIR CUSTOMERS BE A LITTLE
BIT OF AN UNDERSTANDING
PROVIDER IN THAT CASE AND THERE
ARE MATERIAL SWITCHING CARS
THAT COME WITH BUSINESSES
LIKE THOSE WHERE CUSTOMERS HAVE
BEEN USING THOSE PLATFORMS FOR
SO LONG SO A LOT OF STRONG
SOFTWARE COMPANIES OUT THERE
THAT ARE REALLY I IT IS
SOLIDIFYING AND EVEN DEEPENING
THEIR COMPETITIVE POSITIONS
TODAY.
>> YOU KNOW AS I THINK ABOUT
SOME OF THE OTHER
WAYS THAT THE FED MIGHT TRY TO
INSERT ITSELF WITHIN
WE'VE SEEN A CORPORATE DEBT
PURCHASES OR RATHER CORPORATE
BOND AND SOME OF THE COMPANIES
THAT WERE RELEASED WITHIN THIS
LIST OF ROUGHLY
750 COMPANIES. BACK MONTHS AGO
AT THIS POINT IN THEY INCLUDE
COMPANIES THAT
WERE ALL ALREADY DOING WELL AND
SO I START TO THINK ABOUT SOME
OF THE OTHER AREAS WHERE THE
FED MAY TAKE MORE OF A STAKE IF
IT CONTINUES TO BUY CORPORATE
BONDS AND NATURALLY I THINK
ABOUT AIRLINES AND IF THAT
WOULD BE AN INDUSTRY THAT WOULD
LOOK. LIKE IF THE FED WAS
BAILING IT OUT NOT BAILING IT
OUT I SHOULD SAY, BUT IF THE
FED WAS BUYING BONDS IN
AIRLINES. HOW THAT COULD
INITIATE SOME OF THE INVESTORS
TO ACTUALLY TAKE A MORE
POSITIVE STAKE ON
THAT BECAUSE IT KIND OF
TRIGGERS THIS SENTIMENT THAT
HEY THEY'RE NOT GOING TO LET
AIRLINES BECAUSE OF THIS
PANDEMIC.
>> YEAH I THINK THAT'S A THAT'S
A GOOD OBSERVATION. I THINK WE
SEEN THAT PLAY OUT TO AN EXTENT
REALLY OVER THE LAST
WITH WITH ALL OF ALL OF THE THE
ROLES THAT THE FED REALLY HAS
THROUGH THROUGHOUT THE
CHALLENGES THAT WE RUN INTO
WHETHER IS THE FINANCIAL CRISIS
BACK IN 2008 9 OR ANYTHING THAT
REALLY KIND HAS HAS COME DOWN
THE PIKE SINCE THEN
WE'VE RUN INTO THIS SORT OF
STAY IN THE
MARKETS WHERE MORE OR LESS IF
WE IF WE RUN INTO A CHALLENGING
SITUATION, WE KNOW THAT THERE'S
GOING TO BE
SOME SUPPORT THERE IN SOME WAY
SHAPE OR FORM.
THANKS TO THE FED WHETHER
THAT'S CORPORATE BOND PURCHASES
WHETHER THAT'S A LOWER INTEREST
RATES OF WHETHER IT'S FISCAL
MONETARY POLICY WE'VE CERTAINLY
SEEN A LOT OF SUPPORT TO TRY TO
KEEP THE MARKETS PROPPED UP BY
KEEPING A LOT OF THE BUSINESSES
THAT WE SUPPORT THE MARKET
PROPPED SO
WHETHER IT'S OR OR OTHER OTHER
BUSINESSES IN THE TRAVEL
INDUSTRY THAT ARE IN NEED OF
HELP AND I THINK
THAT THAT ASSISTANCE IS
CERTAINLY UNDERSTANDABLE.
THE CRUISE LINERS OR
ANOTHER ONE. WE'RE SEEING SOME
SOME SUPPORT THERE YOU TAKE
AWAY A LITTLE BIT OF THAT
UNCERTAINTY, YOU KNOW THAT A
LOT OF THESE COMPANIES ARE
NECESSARILY GO BELLY UP,
AND THEN IT MAKES THE
INVESTMENT CASE A LITTLE BIT
MORE ATTRACTED YOU PUT THAT ON
THE OTHER SIDE THERE THE OTHER
SIDE OF THE COIN LOOK AT
SOMETHING LIKE MOVIE THEATERS
FOR EXAMPLE, AND THE YOU KNOW
YOU'RE NOT GOING TO SEE I THINK
MANY MANY FOLKS JUMP IN THERE
TO SAY OH WELL WE REALLY NEED
TO SUPPORT THESE MOVIE THEATERS
AND GIVE THEM SORT OF A BACK
DROP THEIR BACKS OPTED TO
SUPPORT THEN IN A TOUGH TIME
BECAUSE EVEN EVEN WHEN EVEN
WHEN WE GET BACK TO SOME SENSE
OF
NORMALCY HERE. YEAH, ASK
YOURSELF THE QUESTION ARE MOVIE
THEATERS REALLY WHAT IT IS IS
THAT THE FUTURE RIGHT AGAIN I
THINK WE CAN ALL ASKED THAT
QUESTION AND PROBABLY COME OUT
WITH YOU KNOW MAYBE A LITTLE
BIT LESS ENTHUSIASM THAN ONE
WOULD HAVE HAD EVEN JUST A
COUPLE OF YEARS AGO, SO YOU'VE
GOT SOME MARKETS THAT ARE KIND
BEING PHASED OUT THERE THEY'RE
SHRINKING MARKET OUT
GENITTI'S AND YOU'VE GOT A
MARKET OPPORTUNITIES THAT WILL
REMAIN VERY RELEVANT
BECAUSE THERE IMPORTANT TO OUR
INFRASTRUCTURE WHETHER IT'S
AIRLINES OR PARTICIPANTS IN THE