Rebels Edge · Mon, Jul 13, 2026
Chip Stocks Are Falling... Pete Still Likes One
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John and Pete discuss geopolitical tensions, rising crude oil prices, and modestly higher volatility before reviewing semiconductor stocks and several company-specific developments. Pete favors Micron conditionally, sees upside in Dollar General, and remains cautious on Celanese until its margins improve; the episode also covers AI applications in real estate and sports-business economics.
- Crude oil rose toward $74 amid Strait of Hormuz tensions, while the VIX climbed to roughly 16.2 without signaling an extreme volatility spike.
- Sharp declines in SK Hynix and Samsung weighed on US semiconductor names, including SanDisk, Marvell, Micron, and AMD.
- Pete highlights Micron's stated single-digit P/E and would consider participating if unusual options activity appears; he does not announce a new trade.
- The hosts discuss an autonomous real-estate AI platform called Arya, with Pete expressing interest in its developer's stock on pullbacks after a reported 62% rise.
- Pete views Celanese as potentially undervalued but wants evidence of better margins before taking a position.
- Pete sees further upside in Dollar General, citing its Q1 earnings beat, comparable-sales performance, new leadership, and consumer trade-down demand.
- Sports discussion covers potential NFL expansion locations and valuations, plus how Tampa Bay and Milwaukee compete through player development despite smaller payrolls.
Full transcript
Welcome back to the Rebel's Edge, fresh from Freedom Fest and Circa, the casino and sports book, and Power Slap, as well as the UFC. Pete and I are back and we're going to be talking a little bit about who is the guy that runs the
Strait of Hormuz, according to him at least, right now on The Rebel's Edge.
>> [music] [music] >> Yeah, Pete.
We have Guardians of the Galaxy, which is Marvel, of course, and we have the Guardian of the Hormuz Strait, which at this point self-proclaimed on Truth Social is [clears throat] the President of the United [laughter] States.
>> Amen.
>> of the Hormuz Strait.
>> [laughter] >> You know, has there ever been a president that even under certain situations he doesn't have a great sense of humor of some sort?
I [laughter] mean, whether you like him or dislike him, I'll tell you, he he's a character and a half. There's no doubt about it.
>> Oh, yeah. Oh, yeah. And yeah, we're going to have to see exactly how it plays out there, but they have been completely dismantled, Pete. I mean, Pete and I, folks, we were at Power Slap, which is Dana White, one of his genius things that he came up with after UFC.
He saved the UFC and obviously the president did a lot to help him out at the very beginning along with the Fertittas. But, uh he basically, Pete, the Dana White Power Slap is two people on other side of a table, either side of a table, and they stand there and
they bring their hand back and forth like this touching the face and then they bring it all the way back and slap but they can't step in or anything else.
If they do, it's a foul and fact they probably lose. They got to stay flat-footed and slap each other and you see the guy's eyes roll back roll back into their just and they fall backwards. That's the scariest damn thing.
>> [laughter] >> Well, so let's say for instance Pete just to give people an analogy here. Uh you're somebody in that power slap and you've been knocked out like 10 times in a row and you still want to heckle the guy who's going to slap the crap out of you
again and you say "Not so bad. Not so bad." It's like "What do you mean not so bad? I beat you 10 times in a row and now, you know, on power slap 21, which is what Pete and I were there for, I believe, uh the guy's going to pop off to you and you're just going to slap the crap out of him and knock him out. That's what's
going on in Iran right now, Pete.
Because [laughter] the president through our military has slapped the crap out of them and yet they just keep popping OFF LIKE "NOT SO BAD. NOT so bad." Yeah, it's pretty effing bad. It's pretty bad.
>> Pretty soon, John, this is what we're going to SEE IN IRAN.
>> [laughter] >> IT'S CRAZY, FOLKS, and if you think the UFC is violent, you got to see power slap because it is next level. But anyway, you wanted to hear a little bit about macro, that is the macro really, but I'll extend it just a bit. He has
reinstated the blockade, the president has, so that means Iranian ships or anybody wanting like China or Russia to buy from Iran cannot. But the president's going to let the rest of the ships go through the strait. I don't know how many are you're to want to, Pete, because if it's an active shooting
area, uh they might not want to so much. But it is on the table right now.
>> Absolutely. You know what John and you you look at that, you look at what's what's happening with the price of crude oil, correct? I mean you look at crude oil and you're like wow. I mean we were at 68 just days ago and now all of a sudden we're all the way back up to call it 74 and as a as a move it's 5% higher 4 to
5% higher depending on the moment that you're looking but so that's one of the negatives of course and it also is going to affect just like we said you look at crude, you can look and you can already know exactly what's going to happen with the Vix and you might as well jump right into the Vix right now but >> Let's do it.
>> It starts to pop a little bit, right? I mean and that's exactly what Friday we actually got you know underneath 16 we were into the 15s and and we're we're just barely higher than that now but I will say this it's percentage-wise another bit pretty good size move and
basically saying hey look S&P's going to probably move somewhere very very close to about 1% so interesting to see how the volatility has you know popped up but it hasn't spiked up but you know percentage you know wise yeah it's got a decent
percentage of how much it's up it's up seven almost 8% but we're talking about 1620 right now so it it is not it's not it's not in the 20s and [laughter] it's not not in the 30s, 40s, 50s or 60s so I would say yeah everything is moving
like that but volatility-wise it makes some sense. You'd expect some pretty substantial movement in the S&P and I think that that's something that we're getting today up about or excuse me down about a half a percent.
>> Yeah, half a percent. All right, let's talk Pete about La flop, because LeBron, also known as La flop, flop. And for those of you who really like soccer, you know what a flop looks like.
>> Holy >> I can show you dozens of flops in LeBron's latest edition of his career. But, where do you think he's going to go? Well, the betting money says it's pretty strong that he goes back to Cleveland, Pete.
Almost 50% is bet on that. And then you've got Golden State Warriors and Miami Heat. I'd say it's between Golden State and Cleveland Cavaliers. And I think he's kind of worn out his welcome in LA, Pete. How about you?
>> I think you're right. I think he's worn out that welcome. Um, I'm going to just throw in a wild card.
It's not up there. It's not anywhere, but I'm surprised, John, because everything that I'm seeing, hearing, and listening to, you know, on the radio and TV here in the state of Minnesota, and rode with one of the coaches back and forth to Las Vegas. Let me tell you something.
Minnesota. I can't believe it's not somewhere on that list, to be honest with you, John, because it fits. They're a very young team, and that's the problem I have with Golden State. I mean, the only thing that those guys are going to be is in the 60 and over, they'd be really good. But, you know, I I look over at Cleveland, and that makes some sense, right? I mean, he
grew up out that way, played there, blah, blah, you know, go back, and that's where you you know, you end your career. And you know what? Let's be honest. We give him a lot of flack for all the right reasons, but the guy's a hell of a basketball player. And you know what? I'll never Yeah, I mean, he's I would never say anything different than that. Is he in the top five or 10?
No way. Not a chance in hell, in my opinion. But, um, he's a damn good player who's played a hell of a long time, so the people who know him and are a lot younger than you and I just go, "Oh, he's great." Well, then you never watched Michael Jordan.
You never watched Kobe. You never watched There's a long list of guys on that, John. So, um you know, he's a heck of a player, but he's getting old himself. And where does he finish up? I think Cleveland, but I think Minnesota is probably deserving of being somewhere on that list, for sure.
>> Well, and it would fit, Pete, because his modus operandi is he wants to go play with the best players.
And in many cases, he brings them where he is, whether it's Miami, and he brings his pals down, or whether it might be Anthony Edwards up in Minnesota, Pete, because Ant is pretty much one of the goats right now. Not an all-time goat, not yet, too early in his career. He's only 23, I think.
>> Something like that.
>> But LeBron's 41, and he turns 42 this calendar year, Pete. So, I got to think that, you know, 23 seasons in the NBA, cuz that's how many seasons he's played in there, versus Jordan at 15.
>> [screaming] [laughter] >> I mean, no wonder he needs to do load management. That's I'll leave it at that, Pete. But I will agree with you, he is a heck of a player.
>> He is.
>> Yeah. He's not the goat, and he's not the best.
>> No.
>> All right. Let's talk about uh Hynix and Samsung, Pete, in particular on the chip sides of their business, because Samsung does so many things. But they were both under heavy pressure over in uh Korea.
And the fact that they were under heavy pressure over there, down 15% for Hynix and 10% Samsung, those are big drops.
Those are going to trigger some selling, and they have. They've triggered some selling in spades for many of the memory stocks in the US. Which ones would you say we should be looking at and following today, Pete, for this action in Hynix?
>> Yeah, um and And know, like you were saying, John, I mean, it's it's it's a bit of a issue that, you know, you're just catching everybody else is going to get a reaction from this and and the direction these guys are going. And you talked about it. I mean, it's they've had trading halts uh out the wazoo.
It's the seventh this year for them already. So, yeah, it's going to drag down some of the others and it it's SanDisk, it's Marvell, it's it's Micron, it's AMD. And of that group, as much as the that I I love Micron, I think that one um I'm going to put the love part out of the way and just say, "Hey, look,
this thing is already, you know, from a number standpoint, John, um it is not over overpriced. It when you look at the PE level and it's single digits for Micron. Some of these I think are are absolutely stretched, sure. I mean, Micron's gone from 300 to basically a thousand issue or whatever it is.
And yet, it's still single digits. So, there is something to be said there. So, I think if if I see some of those names and I look and I see a Micron and I suddenly see any kind of unusual option activity coming in there, uh I'm probably going to be on board.
>> [laughter] >> I and I would be, too, Pete. Absolutely.
And Pete was uh sharing that with the folks out at Freedom Fest uh this weekend as well, folks, which was a fabulous event. All right. Let's talk, Pete, a little bit about Agentech AI and real estate because uh Brain Limited, b
r a i, uh they've got a new Agentech AI platform that's designed specifically for the real estate sector. So, what does that mean? Well, so they're going to do things like preparing drafts on properties, tenancy, leasing documents, all that. But you're not going to have
to ask it to do that, Pete. It's going to do it. You just tell it the property and it'll all of a sudden just go and fill out all of those different categories. That puts a lot of people, if not out of business, a lot less demand on all those jobs that used to do that
on their own. This is an agentic AI platform called Arya that they have and it's pretty interesting, Pete.
>> It is and it's it's it's pretty amazing, John. I mean, what it's able to do and how these guys have done so far and how the analysts have talked about certain things here as well.
I'll tell you what, there's multiple steps that go into this whole thing, but the fact that this thing's up 62% today is pretty extraordinary, but it in some ways it makes sense. I mean, they they are really put together really really well. In intelligence, the digital team, the members, the you
know, all the different tasks that are going to be able to be done at at lightning speed. I think that this makes a lot of sense and this is a stock that boy, on some pullbacks, John, at all, I think that there's no reason that this wouldn't be one of those where you'd say, yeah, I can take a shot with this
thing at this point in time or whatever because you're you're really I think the opportunity is there and and I think because of what they're doing, this autonomous world of AI and these platforms and all this stuff, this Arya really does look like the real deal to me.
>> Well, let's talk about a chemical company known as Celanese, Pete. CE is the symbol. Now, they were up rather strong early on in the pre-market, 5-6%, but they've sold off, they're barely holding on to gains right now. And obviously, it had a pretty good start to
the year and went from the lower left to the upper right until May and then, Pete, started selling off hard. I mean, it went from 40 or 41 to 68, pretty damn nice gain and now it has slid all the way back down and it's making a little bit of a climb today, but man, uh there
are a lot of challenges that they're facing apparently and uh some estimate that uh they've got a lot of upside and that's why because those analysts were talking about it today that the stock got a pop, but it didn't hold very much of it, Pete.
>> No, you're right, John. The analysts themselves like it a lot and I think they they probably like it for some of the reasons are probably pretty good.
That's they you know, they say it's undervalued. Yeah, that's probably true, but you know what? Uh the problem is they've got to focus more on margins. They did they just don't seem to be able to get that take part done, John. And until they do, um this is probably something that's going to be unfortunately, it's going to be a a lot of labor and a lot of work
for this thing to really start to work to the upside. But if they can get some of these things going and and there's some possibilities, they've had some recent partnerships and so forth that are going to probably pinpoint exactly what they need to do to get this thing back under uh you know, on the right path to the
upside. But for right now, there's still a little bit of pressure on them. So, um it do you would you want to take a a shot at it? I'd probably like to see this thing show us that they're actually ready to start making, you know, working and getting those margins that the partners are talking about. But until then,
um I think it's unfortunately probably somewhere in that in between area because it is undervalued, but they've got to take advantage of the opportunities that they've got out there. They haven't been doing that yet.
>> Well, let's wind it up, Pete, with Dollar General. You and I have talked about this one forever when people talk about trading down. Yeah. In the old days, Pete, they used to talk about trading down going to Walmart. Um but Walmart has so much now and not all of it's at the cheapest
uh almost like uh bulk prices. Some of it is obviously, but Walmart can compete with organics and everything else. Not so much Dollar General or Dollar Tree, Pete. But, the fact that people are trading down because they were stretched because we all know when
gasoline prices went up, diesel prices went up, and everything about crude oil, again, transportation by the companies that deliver us stuff, not just you driving around in your car, folks.
That ended up driving a lot of people, I guess the pun is intended, to Dollar General, Pete. And they were down 9% on the year coming into today. Now, they're up five today, but they were down 9% coming into today. And meanwhile,
DLTR was actually pretty close to unchanged, maybe even up a percent on the year. What do you think here as far as the their momentum from Q1 earnings?
>> Yeah, well, they've they have this new leadership that has come in, John. They they did have the challenges as you mentioned it. I think it's all a matter of, you know, how are they able to get some of these comp sales because people are there is some trade down still existing out there. There's no doubt about that, even with the prices coming down on the price of crude, which
obviously gasoline at the, you know, when you're going to the pump, it's come down. It's not all the way down yet.
It's not all the way back yet, but it is something that I think is is helping out to some degree, but um, you know, they they did beat on their Q1 earnings, so that was good. Their comp sales, that that looked pretty good.
There's some things that I think they still need to work on, but with some of the leadership that they've got, this new new faces out there, I think this is a stock that actually has quite a bit of room still to the upside. So, from that perspective, I like it. I look at that.
I look over, you know, at some of the other dollar names out there, and I I'd even say you know the TJ Mark TJ Max and all the rest of it.
They're still that trade and and Walmart still I think is executing very well with that. So for Dollar General, you know, they're resilient as heck. They've had consumers, you know, from the the staple side. These guys I think with the new management type thing that they've got that they have an opportunity to
really start to rise up a lot higher than they are right now.
>> Well, let's dive into a little sports beat. Not Conor McGregor necessarily and not some of the other power slap folks, but maybe focus on some of the bigger sports. Even though of course UFC and Conor McGregor is pretty damn big.
That's a a massive $13 billion company right now and you know tip of the hat to Dana White >> Yeah.
>> for getting that thing going but >> There's an interesting >> Yeah, >> [laughter] >> he's great at everything. I agree.
>> Well, why don't we start off John with Seattle?
And you know what? The Seattle Seahawks it's amazing when you think through this whole thing. Who won the Super Bowl this past year? Well, Seattle.
>> [laughter] >> Was it a quarterback that they've been, you know, getting ready to get out there for a long period of time that they drafted right and they did that? No.
>> [laughter] >> They got him from the Vikings who stupidly allowed him to get away and Sam Darnold did a heck of a job, had a great year in the whole thing. And anyway, the Seattle Seahawks Super Bowl champions they've they've been, you know, people have been plucking players out of their team but everybody's going to do that and everybody loses some of them. Anyway,
Paul Allen for a long time, you know, he bought this in 1996 John. He bought the Seahawks and it's amazing to see what the numbers really look like now. It was a record for the NFL. They they sold for 9.6 billion dollars. Now, it's still got to go through the approval process and all
the rest of it. And this gentleman and his family already already owned a small stake with the 49ers. So, they've got that part of it, but it's amazing and they've got to get rid of that. They've got, you know, to do this whole deal, but they will be the sole owners from the looks of things. I didn't see a whole lot of partners
mentioned by this But that doesn't that doesn't really matter, but I I think it's I think it's really interesting.
So, I wanted to go in this direction with this.
And you and I were talking about this just this past weekend when or when we were together.
Who are the two What would you say is the most likely cities in America or or anywhere, I guess, because the NFL wants to be in in different parts of the world, right? So, where do you think is number one? Where do you think is number two? But the next question would be what number is attached to those? So, let's
say they decided, you know, at their meetings they're going to to 2027 they're going to have this state or city or whatever as well as how much. Like, what what will these things go for because I don't know. Are they going for 10?
Or do they Or [laughter] what?
>> That's the rumor. And by the way, folks, Pete and I were brought in to at least consult some folks that are advisers to Seattle. And we had several billionaires that I reached out to and you might know many of them. I'm not going to use their names right now, but
we reached out to these folks. Every one of them had at least an interest, but you know Khosla, apparently he and his family had the inside track, got it done, and got it approved faster Uh, because you got to get 75% buy-in from the other owners.
>> Mhm.
>> So, if if you're just shy of that number, if you don't convince them, you can't buy it. It doesn't matter, Jeff Bezos. It doesn't matter, Mark Zuckerberg. You know, they were two people that were considered uh uh to be in the running for this one, Pete, or the Washington Commanders. And
in both cases, they were more or less kind of uh shuttled [snorts] over to the side, Pete.
>> Yeah.
>> But, I'd say London, based on your conversation and mine. Uh, we know that people want to go there. We know that they draw really well, and it's not that far, especially from the East Coast.
It's just like New York team going to uh LA.
>> Yeah.
>> Or Seattle. It's not much difference, because you're talking about a 5 and 1/2 hour flight to London, Peter. 6-hour flight.
Uh, but I would say, and this one I've got one that I had under my hat for in case Pete asked me this.
>> [laughter] >> So, London first.
>> Yeah.
>> The second, CHICAGO.
>> WAIT A MINUTE.
>> BECAUSE THE Bears are going to Indiana.
And I'm telling you, Pete, with us being, you know, we used to be known as the second city, Chicago.
>> Mhm.
>> Now we're the third. Because uh I think Houston passed us in terms of population, Pete.
>> Mhm.
>> But, Chicago could easily support two teams, the Chicago area. So, I'll say >> Mhm.
>> that they should roll out the red carpet for whatever owner wants to put a team in Chicago, Pete. But, I'd say Chicago and St. Louis, and they're only what?
Uh, 4-hour drive apart. But, I'd say St.
Louis, because they had a team forever.
>> Yeah.
>> They lost one team to uh the uh Arizona Cardinals. They used to be known as, of course, St. Louis Cardinals. And then, uh the other moved back out to LA.
>> Mhm.
>> So, I'd say, Pete uh that I'd look at the St. Louis and Chicago as two US locations. What do you think of that?
>> Yeah, I like that. I thought I thought I hadn't even given that thought, John. I really hadn't. I I don't I can't figure out what the NFL's direction will be be because we know how big they've been trying to get. They're going to South America. They're going to all these different places. They're going obviously into Europe and trying to go to different places. And I played in a league that did that whole thing, the
World Football League. And I'll tell you, Frankfurt loved it. They packed that stadium, John, but I'll tell you this, London's the right place. London packed the stadium as well. They um They are so similar in so many different ways to Americans and so forth that it makes a lot of sense. Doesn't mean that
that's the end of it, but I think if they were going to go with two, um I'm kind of torn between Montreal and Toronto, maybe. And I know they have CFL teams. I get it. But I'll tell you what, two big cities that I think could very easily have NFL franchises. And even
though when I was looking this up trying to figure out what are these what are these things going to go for?
Gronk or whoever was saying something like three to five billion. Not a chance.
There is no way that's right. So, AI, you're not always right.
But I will say this, I think it's somewhere between eight and probably 11 billion dollars. I think it's I mean, I don't see them at all going to go any kind of a discount from that. So, I think it's going to be a minimum of eight and maybe as high as 10 or 11. So,
interesting, but Montreal is a great supportive city and so is Toronto. So, I don't think I don't think that's a stretch and it pulls in a little bit more Canadians. But the likelihood is probably what you said, which is maybe somewhere else than the US.
That'll be a very interesting >> Yeah. Well, um 4 to 8 billion, there's no way I agree with you, Pete, even though you're talking about building up a fan base again from zero right now, presently.
Um I think 4 to 8 4 is on the low end. I think 6 to 8 billion, and they might be as high as 10 or 11. But again, Seattle uh successful franchise with a Super Bowl win recently. So, that certainly made his decision easier, Pete, than it
would be to start a brand new uh team somewhere. So, I'm right there with you. I think four is on the low end. NFL is not going to sell a franchise at four in the present circumstances unless economics change a lot. I think it'll be more likely 6 to 10 in that range.
>> Yep, I think that's fair. Uh lastly, let's just hit real quick to the Tampa Bay Rays, Major League Baseball.
There are two teams in Major League Baseball, John, with better records than Tampa. That's it.
It's the Dodgers, and the interesting thing is the other one is Milwaukee.
So, another very low payroll, two payrolls that are amazing. In that fact, I looked it up, John. Uh Tampa's payroll is 102 million, and Milwaukee's is 133 million. And Milwaukee is sitting right there with the Dodgers, and then all of a sudden you look at Tampa Bay. So, I
wanted to look at look this thing thing up. I was thinking to myself, how is it that Tampa does so well? What is it that they're doing that others can't do?
Minnesota, you know, Twins, when I don't remember the last time we had a record anywhere close to what we're looking at when you look at Tampa and how good they are. I mean, you know, it's it's unbelievable. So, that you know, here's what Tampa does.
They identify their overvalued talent and immediately say, "You know what?
You're too expensive. Get the hell out of here. We're not going to pay you anymore.
Just go." And the fans don't seem to be bothered by that because they do pretty decent, you know, their attendance is all right.
So, that's it. They're looking for the high performance players, you know, and and don't want to have them after they've peaked. So, you know, they tend to be a little bit younger. They They They have a great system that they've got down there. Their farm system is looked at as one of the best anywhere.
So, you know, you you take a look at what these guys are doing. If they if they had a little bit more, I think if they were a little looser with the with the wallet, just a little, these guys, I think, would be pretty consistently being able to go right up there with the Yankees or whoever else
and maybe get a little bit further, but it is absolutely amazing, John. Whatever it is that they're doing, they're doing something right to be able to compete without having to spend the money. And it And you've got to be impressed by that. I mean, it's unbelievable. I mean, it's They got versatile players that do all sorts of other things and they develop
these guys. The raw talent they get Something is going on right there.
What do you think it is? I mean, what's happening in Tampa?
>> I think it's easy. I really do, Pete.
And I think it's the same thing we talked about um with uh the NFL draft. Do you want to sign a player uh after his rookie contract that you're going to have to pay, in some cases, 30 to 50 million dollars a year for three
or four years? Or do you want to draft a guy and have a salary cap, cuz there is a rookie salary cap that the NFLPA negotiated, folks, >> Yeah.
>> against the new players coming into the league. So, uh you know, when Baker Mayfield came out of Oklahoma, I think they paid him Pete something like $80 on his first contract. No rookie since then has been paid like that because they negotiated it away.
>> Yeah.
>> So, your choice as a an owner of a baseball team or in this case football that I was just covering, is do you develop the talent, draft it, develop it in the minor leagues in the case of baseball, or draft it and put it on the field for pro football and
develop the player so that you can get four or five years cuz that's what most of the rookie contracts are, four years with an option or whatever. You do that and then pay that guy, you know, like 8 million a year instead of 50.
>> Yeah.
>> and if you don't have the money, and obviously Tampa does not have the money, Minnesota [snorts] does not have the money, Pete, Cincinnati does not have the money. A lot of these teams do not because they don't share TV revenue. And we've talked about that ad nauseam. Uh, so, I think if they develop
talent, bang. If they don't, then uh, they can't afford to compete with the big boys to pay up.
>> Right.
>> so that's why a lot of them just kind of stay on the periphery, win just enough to keep fans in the stadium but not enough to really seriously compete.
>> You know what? And and you're so right, John, and I think that Tampa's just made an unbelievable docu- what they've done, they've got the blueprint, right? They've got it, Milwaukee's got it. Some of these some of these places seem to have it because they're pretty consistently there. And that's the thing that I'm amazed by.
It's not like this is like the first time we've seen Tampa on top. Tampa's been good for a long time. Are they great? Probably not great. Uh, and maybe they've had some seasons where they're pretty damn close to great, but they're just consistently there. And it's and it's amazing and the fact that they are sitting there right behind, you know,
the Dodgers is is absolutely incredible. So, you know, hats off to the Tampa Bay Rays and what they've been able to do because they're accomplishing something that a lot of the others don't and then and you know what? If I if I'm at Minnesota or if I'm at one of these other places that we don't have the payroll, it's just not going to be
there.
I would have to go up there and just see what they're doing so right and try to try to do the same damn thing.
>> Yep. Well, I'm sure a lot of people are trying to imitate it, Pete, but it's just so much easier if you're the GM and you've got the Dodgers payroll or the Yankees payroll or the Mets payroll and you can just throw money at it because developing a player takes time. Drafting a player, developing him and all the
rest or trading for a young player, but just paying up 30 to 50 million, that's easy.
>> Yeah.
>> All right. Well, thanks for joining us today, folks. We will be back tomorrow at 1:00 p.m. Eastern time, so we'll see you then. Have a great one, Pete.
>> See you. Have a good one.
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