This is problematic:
CNBC -- https://www.youtube.com/watch?v=0TksSR7r0qg
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In general high interest rates are good. The caution that analysts brought up is cash sorting - as rates go up clients may take their cash and put it in Money Market funds, etc where they can earn higher return. Then the base amount of cash deposited at Schwab, off of which it can interest, would fall. There's uncertainty on how clients might sort their cash in a rising rate environment.
Les Schwab makes tires. Charles Schwab makes money.
Les schwab schtick is almost as annoying as Heier’s “the cloud, the cloud”
At the end of the day the JPM analyst (a competitor, BTW) had SCHW as a "BUY". I was a little confused by the high interest rates => bad argument because Fred T (erstwhile green CEO) spent his entire tenure hoping for higher interest rates because given the asset gathering of TDA (not to mention Schwab) definitely makes for a high interest rates => net good for Schwab, unless I am missing something.
It’s a good stock. Plenty of room to grow. Schwab sales have gone through the roof. It’s seasonal. Most folks gear up for travel during the summer with Memorial Dat kicking off. Les Schwab will be there for all your tire needs. Tire rotation? Covered. Node rotation in balanced binary search tree? No that’s not us. But we can rotate those tires like no one’s business.