Official Caddying Story: Hoyt McGarity
Hoyt was a stand-out collegiate golfer at Lynn University and played competitively on various professional tours. He co-founded Modern Golf in 2011, a Canadian club fitting company, then became CEO of True Spec Golf in 2014, a brand agnostic club fitting company. In 2017, Hoyt assumed the role of President and CEO of Miura Golf. Soon after, Howard Milstein acquired True Spec and GOLF and consolidated his golf investments into a holding company, 8AM Golf, where Hoyt became President. His role includes creating, communicating, and implementing 8AM’s vision, mission and direction. Hoyt has created synergies and efficiencies throughout 8AM and pursues the highest quality everywhere.
The following transcript is AI-generated and has undergone only minor edits. Please refer to the video recording for direct quotes.
Kai Sato: This is Caddyshack to Corner Office. I'm Kai Sato, and today we get to sit down with my dear friend, Hoyt McGarity. Hoyt, thanks for being here.
Hoyt McGarity : Happy to be here. I'm excited.
Kai Sato: Hoyt, obviously, I've been tracking you down on this for years and years. You've finally acquiesced and we thank you. I'm going to give a little bit of a primer on, on your background as the president of 8AM. the fact that you, you really came up as a golfer and not only ran Miura ran True Spec, but now one run one of the largest holding companies in golf. Anything that we're missing anything that I should share or divulge even further to our audience of your day to day.
Hoyt McGarity : Look, I would like to think I'm one of the luckiest guys in golf in my job. So I couldn't be prouder to be part of 8AM, and it's been a trip. I mean, it's, it's been three years in the making. I mean, it feels like longer than that, but a lot's happened in three years. And I love where I'm at.
Kai Sato: Well, I love that company and what you guys have done, and it's getting even more exciting, not only with the traditional assets you have pertaining to golf, but all these things that you're doing to expand the game and grow it in, in the kind of non-traditional avenues as well. And. We'll we'll twist your arm a bit further and make you tell us a little bit about it. But. Just diving in on the cadding piece. A lot of people don't know this about you. I certainly didn't for a little while and it was so cool to learn. That you grew up caddying. Can you tell us where you you started and how old you were?
Hoyt McGarity : Yeah. You know, when I grew up in, I was fortunate to grow up in the Hamptons in Sagaponack, a little town in the middle of the Hamptons. But my family wasn't one of the members at any of the golf courses. Right? So I really got into golf was probably when I was around nine. And my dad passed away when I was nine, and it was some sort of a trigger where I was like obsessed with golf and it was kind of my escape and no one in my family even played golf except for my uncle who taught me. And so at some point I'm like, can't play any of the golf courses in the Hamptons. Because the nearest public course was probably a 45 minute drive. That was a real golf course, which is a long bicycle ride. So I ended up saying, look, I need to go caddy. Didn't know much and I started caddying and Maidstone when I was 12 years old. And I was, I mean, I've had it pretty much every course in the Hamptons, but Maidstone was my first run at caddying. And it was a pretty young age. I mean, 12 years old in a caddy yard is…you can learn a lot.
Kai Sato: No kidding.
Hoyt McGarity : Yeah.
Kai Sato: Not all of it good. What was it like that first day? Do you remember it at all? What, what were, what were the other caddies, like what was the environment like?
Hoyt McGarity : Actually my first day, I lemme learn back, look back. I would say it was more of like a caddy school. So Eden Foster, the head pro at Maidstone, who's still there. And then Tony Sessa, who was the assistant at the time, went on to be the head pro at Augusta, et cetera. They did like a caddy school on the short course at Maidstone. And I had to go through that a couple of times. And they taught me everything and I ended up cadding for Tony at pretty much every golf event from like 12 to 16 years old that he played it. But all I remember was getting a crash course on the etiquette of the game and where to stand and what to do. Because at 12 years old, I didn't really know all these yet. I was just really getting into it. And I do remember the caddy yard, and it was an interesting place to, to say least and I think it helped me a lot. And it also told me like, I don't wanna be in the caddy yard for the rest of my life. Right? Like it, it was the start of, I probably did 10 years of cadding to 12 caddied at every course in the Hamptons from National to Shinnecock to Maidstone to Atlantic, you know, even The Bridge when it first opened. But I really settled in at Atlantic where I spent most of my time. And they treated me great there, but yeah, I, I remember that day it was caddy school and you know, and I would caddy for mostly just when I got out there it'd be single bags. So I was a “B caddy.” And I caddied mostly women. Maidstone would always put me on the ninth hole during tournaments. And I don't know if you played Maidstone, but it's one of the most beautiful holes in golf. One of the best par fours but I would stand in the dunes for 12 hours flagging golf balls, all day, which by the way, I don't think they do anymore because you're not supposed to be in the dunes cuz of all the ticks and all the the things you're not supposed to be standing in.
Kai Sato: Right, right.
Hoyt McGarity : But I was there every day, flagging golf balls for people that would hit at high right, which is mostly every shot.
Kai Sato: Can you recall any big mistakes that you made in some of these early days? It sounds like they put you into a lot of different odd jobs, but there's a lot of things you can mess up as a caddy and you were definitely caddying at some rather prestigious places.
Hoyt McGarity : You know, and I don't remember any crazy mistakes that I made. People would get upset about reading their putts and getting it wrong, but they can't make the putt anyway. So it was kind of like, you know, I don't think you were on-line to begin with. But I actually have one funny story, and it was way further in my career. It was, it was, I was in college. And I was over playing in Scotland. I was playing the Scottish Am and the British Am and all these events. And I missed out on the British Am and I ended up caddying for my good friend, Gavin Dear, who ended up being number one player in the world for a long time, a Walker cup player. He was on my college team, and we were on the 16 hole at Royal Birkdale, in a serious match. And I remember I happened to be fore caddying at that point. So I wasn't back on the tee with him. I was standing in the fairway and there was this big gorse bush standing next to me and he hits it straight into it, but I know where it is. So I'm out here given the safe sign, like a baseball. Saying, hey, you're good. I got this. And then I see him like coming to the fairway to get another golf ball. Like he thinks I'm saying X cuz you know, they don't play baseball over there. So he totally, totally was thrown off. And he was like, this is X, X. And I'm like, oh, it's safe, like baseball. So he ended up losing the match. I probably didn't help and I felt terrible. I really felt terrible because I really was trying to be doing the right thing and I actually did the wrong thing and to threw 'em off. And I don't know if he ever forgive me for it.
Kai Sato: That is actually something that's never come up ho there there's really no legend for the hand signals for caddies. And there's definitely a lot that's lost in translation. When you have people from different countries and baseball plays a big factor.
Hoyt McGarity : Yeah. I mean, I thought I was doing the right thing, but I was so far off.
Kai Sato: Yeah. So, can you talk through that decade? And what you maybe enjoyed about it. Some of the things that you you've taken away from it. You, you were, you're kind of surrounded by a very interesting clientele at some of the most sought after places on this planet.
Hoyt McGarity : Yeah. I mean, look, I learned a lot in that 10 to 12 year stretch and also probably created who I am today. I mean, you learn a lot caddying. And from a caddy yard, too, right? Who you wanna be, and don't wanna be, and you see all these different aspects and, and cadding for the people in the Hamptons, you know, everyone's very successful. Right. And you hear all these great stories, you know, who was good at their job, you know, who was born into the money. You know, you kind of got this whole vibe. And it really helped shape me. And I met incredible people. In fact, I wouldn't be here today, if it wasn't for caddying and all those people that I caddied for supporting me through my journey. And I wouldn't have started True Spec or any of my businesses without the contacts I made in the Hamptons. And one in particular really took me under his wing was Rick Hartmann, the head pro at Atlantic. Like, I owe pretty much everything. I mean, I don't, I don't think that. I would definitely not be here. He also helped me raise the money for True Spec. Like he was an investor in True Spec and he believed in me and it goes a long way, you know, means a lot. And that was just him watching me for 10 years. Probably being a bit lazy and make a lot of mistakes at that age but I got better. And I think I still surprise him today at, he always is like, I don't know how you went from this to this. So. I, I owe him a lot, and I owe the Hamptons a lot. I mean, I literally, I know everyone out there. And they've all been great to me, my first investors for True Spec, like I said, I had 10 investors. I think it was like nine from the Hamptons that backed me. And I don't, I think they just backed me cuz they liked me. I didn't think they ever thought I was be successful. And it was great to not only get their backing but also make them money, you know, do the right thing. And. And, you know, show them that I was serious.
Kai Sato: Yeah.
Hoyt McGarity : So.
Kai Sato: Can you expand on that True Spec story? Obviously caddying and golf played a huge role. It's a, it's a golf related business, but you were real pioneer and recognizing what the opportunity was even more importantly going and executing on it. So many in our audience are entrepreneurs or aspiring entrepreneurs. So what, what happened? How did caddying play a role? Some of these investors, what are some of the big kinda mistakes and, and pitfalls along the way that we all face as entrepreneurs?
Hoyt McGarity : Yeah. I mean, actually my. You know, I went on to college. I stopped caddying immediately after college. Like I was like, I'm done with caddy, unless I'm caddying for someone on the PGA Tour, which I actually did for one event. I'm not really trying to caddy anymore. And I went on to play professional golf for a while. I mean, I was Canadian tour, European challenge tour, South America. I was all over the world. And at the time I wasn't bad. Like I was making a lot of cuts but I was never really doing anything. But I was more obsessed with the equipment side of the business than I was the playing side and or the teaching for sure. So I kind of pivoted into the club fitting business part, and I loved the technology and where the game was going. And this is right when Trackman, you know. This is early days from where we are today. I actually started a company in Toronto. Canada, which I'm not Canadian called Modern Golf, which is a version of True Spec, which was successful up there. Spent probably four years but it was never gonna grow. Like it was more like one shop that was great, that never really had aspirations in the investment group to grow up. So I left, which was the hardest thing. As someone who started something or helped start it, that was the hardest day was leaving. I remember it January 1st, 2014, I resigned from that job and I didn't have much. Drove back to the states. Drove to New York city and I raised money for True Spec and by Memorial Day, I was selling clubs and started a company. So. In a quick turnaround that they believed in me. And we grew True Spec. I mean, it, it would took off. And it was a grind, you know, like we had to learn a lot. We made a lot of mistakes. We did a lot of great things. And my, the most important thing I did was maybe it goes back to caddying and being friends with all these pros and, and Rick Hartmann again was a big part of this was that. You know, we tried to work with the pros, not against them. And they were a lot of our investors and they would tell us when you're messing up and, you know, they'd give you the honest truth because it's also competitive. Like they wanna be club fitter. It was hard to get into these private clubs and do the right thing. We just happened to crack that and continue to this day. I think we've been over 200 private clubs in the states and, and growing as a brand. But, yeah, it's really how it started. I mean, mistakes and mistakes. I don't, I don't remember anything that really caught us. And honestly, we sold the company in February of 2018. So a quick turn right to Howard Milstein, who's now my business partner and. You know, kind of mentor and everything around me. I mean, he's, he's been incredible to work with on the day to day. And he really kind of propelled me to where I am today. Like I, I lucky at Modern. Great at True Spec. And then Howard saw something in me and kind of brought me to this holding, you know, created this holding company with me.
Kai Sato: Yeah. Can you expand on that story just in case people aren't familiar or what's the story to this point? And I know you guys have some very exciting things on the horizon.
Hoyt McGarity : Yeah. I mean, look, I, I would say. Howard and I found, and look, I knew everyone in the Hamptons, but I didn't know Howard, which was odd because. You know, I'll give you a funny story. It was when Howard first called me. Kellie Stenzel, another pro at Atlantic at the time, teaching pro reached out to me and said, hey, I was running True Spec. I guess Howard went to a club fitting and really enjoyed the experience and said, I need to meet this person that's running the company. And they said, hey, will you speak to Howard Milstein about Miura Golf. And I was like, like wants to buy a set of Miuras. There's no problem. Like in, you know, like I'm in the club fitting world. Of course, I'll talk to him. And I remember calling in on like a dial in number and there was like four or five people on the call and I'm in, I'm like, this is odd. Like. I guess he doesn't wanna set. And I realized that he was about to buy Miura Golf, the company. And he said a couple of great things. I gave him my honest opinion on things. And I think from that moment, cuz I was honest, he was like, I'd love to work with this guy. Right. And he ended up making the investment in True Spec and buying the company. And then I would say this all happened in February of ‘18, but I, it was really was more in ‘17 leading up to February of ‘18 and we bought Golf.com Golf Magazine. We started to roll up businesses right away. I mean, he, he acquired True Spec and Golf.com golf magazine the same month. But it, it felt like a year and a half of working with him, but it all happened at really quickly. And then he said, you know, I'd like to, we formed a holding company and we called it 8AM Golf. And, you know, I run the day to day and all the businesses and report to Howard, but he's, he's super involved, which is fantastic. Like people don't realize it too, that he has. He's a, he's a golfer, but he is a business guy first. Right. And I appreciated that. Cuz a lot of guys I knew were always on their golf trips and doing all the stuff that they do. Howard was more interested in the sport as an investment and how to create something really neat, invest in world class products. And honestly, that was probably why I did the deal with him. Like he was in fantastic guy that could teach me a lot. Plus he was bringing me from one business into four or five. Now we have 12. And I speak to him on a daily basis. And I'm learning things that I never thought I could learn from a guy like that who's so sharp. And I'm just lucky to, to have this job that I owe him. I owe him big time.
Kai Sato: And golf's lucky to have you guys, you guys are doing a lot of great things for the sport. So, can you talk about some major lessons from your cadding days? You, you did it for a while. You met all sorts of figures. You built a, a business in the sport of golf. What something that really stands out.
Hoyt McGarity : I think I've learned my people skills caddying like big time. Like, I, I. I was never the shyest kid in the world, but I, I. I learned a lot communicating with people that are very interesting in the world that are intimidating. And I think that proved to be something that I ended up being pretty good at later in life was that I was never really intimidated by anybody or how wealthy? I mean, I've been fortunate to, to like even driving from Canada into New York City. You know, stepping foot in those offices and raising money. I didn’t even have documents. I just did it off the top of my head. Right. And I think like I had no fear at the time and I had a lot to do with building up those relationships. Plus, the people skills, right? I, I think it, it plays a lot. And on the golf side of things, like in my golfing career, I always felt like. I was never a member of any of these clubs, like I said, so I always had to caddy to play, which you could only play like once or twice a week at best. And I was pretty competitive, like, you know, full scholarship to college, the whole thing. And I actually didn't play golf in the summers. I caddied, but I learned a lot from another perspective of the game, like from behind the ropes. Or, you know, not hitting the shot. It's much easier to say like that is so dumb. Like, why are you doing that? And you forget that as a player in like hitting the shot and you do stupid things all the time. And I actually took it energized me from when I got back to college. Not only did I go back to college with a lot of money from caddying, which, you know, most of the people in college had no money. I actually banked a lot. So I had some fun, but I also went back with it fresher. I think it helped me in my college career, be a better golfer because. First of all, I didn't play as much, so I wasn't burned out, but I also was like, man, it's not that hard. I wish I could bring that back today. Cuz I still make those mistakes. But at the time I was like, why would you do that? Why don't you just do this? You know?
Kai Sato: Course course management's tough.
Hoyt McGarity : And.
Kai Sato: That's why we need the caddies and the coaches out there. They call the timeouts.
Hoyt McGarity : Exactly.
Kai Sato: Now that's super helpful. You talk about Rick and you talked about Howard. Can you talk about some of the other people that you met? Even if they don't know what they didn't become significant mentors. Ironically you and I have kind of a similar experience of my dad was outta my life for a different reason, right around the same age. And I just had so many mentors who taught me what private equity was or investment banking or, hey, you, you should be an operator, an investor, just how the world, especially the business world works, where there some more people like that who peeled back the layers and, and taught you things and, and helped point you a certain direction.
Hoyt McGarity : You know, I would say, I felt like I learned a lot of it. I'm not, not sounding like myself. I didn't have the business background. But I felt like True. I, I learned a lot getting into Modern Golf and running a business with other partners. And I took that to True Spec, but I think the investment group at trues respect really taught me like board meetings and how to behave and what to report and what to do, and, and also get yelled at and told like, no, no, no, you can't do that. So. Honestly, I think True Spec really shaped me and the board at True Spec, which happens to be a lot of members at Atlantic and Maidstone, the places that I grew up. They probably taught me the most because it's intimidating to do a board meeting, especially when things aren't going well or when they're great, they're still intimidating because they expect more. So. I think that it wasn't a really an individual, I mean, Howard really took me on, on the, the business world and taught me. You know, now I'm, I'm into things that I never thought I would be in. Right. And not just at 8AM, but on a banking level, et cetera. And I think I'm learning more from him than anybody, but it's also been crazy. I don't know, seven, eight years with him at this point, like really digging in on the business side of things that aren't even in golf. So I never really had that prior to Howard. Like I learned a lot from those four years at True Spec with the board meetings. But I really kind of just made it happen in some weird way. Like I just put my head down and grinded it out the best I could. And until I met Howard. He gave me more structure. To bandwidth issues like this is when to use your energy, not to use your energy. Like. Listen here, don't take everyone's opinions, you know, be a little bit more assertive instead of asking everybody's opinion, make a decision. You've gotta make bad ones, but you got 'em. Someone's gotta make a decision at some point. Right. So. Again, I'd go back to Howard, really like. He probably shaped me the biggest and I have a lot to learn still.
Kai Sato: Really well said, Hoyt. So. What do you think of the state of caddying and golf. And some of the dynamics that are, that are taking place? You play a, a fair amount of golf you're around some, some really awesome places that contribute to the integrity of this game. What do you think of things?
Hoyt McGarity : Well, I like the caddy programs to stay strong. Like I I've seen some come and go or not paid attention to like, oh, look, I'm in the Hamptons. Let's just say Atlantic, I'll go back to it as one of the best caddy programs and as a lot to do with the leadership from Rick down. Right. And they run a tight ship, but I go to some other clubs and it's a bit looser or they don't show up on ti you know, it's just different. So I think it really comes down to your pro or your caddy master and who you choose. But, you know, the caddies in the Hamptons are pretty strong, but also there's a particular clientele. Right? So I, I noticed that I go to those places and I, I feel great now at Bel-Air where we are good caddy program, too. You know, I, I just thought, like, I think more clubs need it. You know, I, I think. I think clubs, I always looked at this, like I'm down at Albany in The Bahamas, right? And they have that same type of clientele. And they don't have a caddy program. Now it's harder on island, but I'm thinking to myself, like, think about all the kids and how many people on this island. Would love to, first of all, earn some real money. And learn the game of golf and interact with all these great people. Right? You could train people, but it takes someone and it's a full-time job to train. Like I, they did me at the caddy school at Maidstone at 12 years old. Like they actually had a program to teach me where to stand, what to do and what not to do. I didn't know. I don't know if clubs have that. I think you just put in a resume and say, hey, I'm a caddy and you get in, or you don't a Whisper Rock where I'm at in Scottsdale crazy good caddy program. Plus, they're all great players like the caddy that's caddying for you so much better than you are golf. Right. So you gotta remember that too. Like. When they say it's left edge and you argue they're probably right. And you probably just hit a bad putt.
Kai Sato: Right. Wasn't Streelman caddying out there for a while.
Hoyt McGarity : If they got. There's so many. Andrew Buckle was like the best player out of Australia. Like, you know, it was real players. So you listen to them. So I always thought, like, if I look back, I don't think I'd change anything. And I didn't love cadding. I'm not gonna lie. Like I had some interesting stories, like. You know, caddying at National and these places in the Hamptons, like, man, I was getting beat up. I was being thrown in the, I was a15 year old, 14 year old. Right. So, yeah, I used to come home like traumatized, but it also probably helped me. And now that changed when I went to Atlantic in other places. But man, it helped me work ethic big time.
Kai Sato: Yeah. So I, I think that's probably the important thing. And, and I am curious what kind of, what kind of dough you were pulling in because that's also part of the incentive. The money's pretty good, but it's not easy work, right? It's grueling difficult work. It's very tough. Not only to appease the members, but to, to get along in the yard and you gotta earn your keep and you gotta earn their respect.
Hoyt McGarity : Yeah. I mean, look, you get long in the yard quick because you've got some lifers in there and they're from different countries and they work hard or they're aggressive and they sure as well don't wanna lose their loop to you. Right. So I would say that. The money was great. I mean, obviously in the Hamptons at the time, it was probably 80 to a 100, 120 bucks. So back, right. We carry two bags. You know, I got out of the B caddy very quickly and on two bags. So, yeah, you're making, I mean, I was one, like I said, I'd bank it in the summer, you know, was I going 36 a day? Like some of these guys? No. But I was crushing, you know, that was trying to do my best. And oh man, I would go back with like, 10 to 20,000 in cash. Which going to college is a freshman or a sophomore, anytime with 20,000 in cash, like you're doing pretty good. So I, I actually. Try to bank as much as I can now in the Hamptons. You know, it's easy to do to put your head down so busy in the summer that it's hard to do anything else and you don't get all distractions. So. You know, Caddying was my thing. Right? And that, and that kind of made the money and. And I encourage every kid to be a caddy. Right? And you learn a lot. It shapes you. And like I said,
Kai Sato: No question.
Hoyt McGarity : The people skills like the interacting with this clientele. Look at Bel-Air, right? You don't know who you're gonna caddy for from celebrity to CEO, right? They're just interesting conversations that you can learn a lot. If you pay attention. Right?
Kai Sato: Yep. And you can add a lot of value to their day and their game. Right? You're the liaison. You're shepherding them through the process. No one has a George Solich has talked about that, no one makes a, a bigger impact than the caddy. When you step on property.
Hoyt McGarity : Yep. I learned that from leaving caddying going into club fitting. I mean, people love golf. Like the people I had access to and still do today, like they would never talk to me probably if I wasn't for golf. Right? It'd be hard to get to 'em but they call me like in the club thing days, I mean, I'm getting Texas at two, three in the morning. Like I don't what to do with my driver. What do you think? Like you're like for first of all, what is happening right now? But you know, it's just. Golf and everyone's golf crazy that plays golf. You know, what it is.
Kai Sato: No, it's a, it's a real obsession. What was really moving units? Were you moving a lot of drivers and driver fittings? Irons? Just, I, I, I've never asked you, I'm curious.
Hoyt McGarity : Yeah, we were, everything. I mean, look, I would say that. You know, for True Spec in the early days still today, like it was always, the fitters were trained so well to beat your current product. But if they can't, they're not incentivized to sell you anything. Right. So it's like, if you can't show an improvement, why would you buy a new driver? If you did, didn't hit the, the new one better or further, I don't know why you would, right? So, but that's good training and that's, again, people skills to be able to work your way through a fitting as a fitter and help you improve. And when you show someone improvement, like you've show me, you know, how people I would fit. I'd be like, hey, you picked up 17 yards with your driver. You see it? I see it. And then they'd be like, I need to ask my coach and I'm like, dude. I don't think I'd sleep tonight. If I knew I had 17 yards in the air, like, I, I wouldn't even know what to do. I'd buy this driver right now. Right. But if you wanna sleep on it for 24 hours and ask your coach, and if you're coach says no, then, I don't know what's going on. But, yeah, I mean, people are, people love. Improving the game of golf like themselves, but caddies can have such an impact too, to help them around a golf course. Don't make those mistakes. And if you can save 'em one or two, three shots, it's huge. So caddies have just as much of impact as. As teachers or club fitters, right. For how people play the game.
Kai Sato: No question. So the last one is, is simple. You've come across a lot of people in this business and in this sport. Are there any other former caddies that you think that need to be talked about, profiled, story shared.
Hoyt McGarity : You know, there is one person that I haven't heard the whole story, but man, I think he'd be perfect for your show. And I can help set it up, a gentleman named Kirk Brown. He's, you know, head of Zoominfo Technologies. I mean, huge, I think as a 12 billion market cap at this point, and he was a caddy at Shadow Creek and now he’s this. There’s an interesting story that I've not heard the full story, but talk about someone who is from caddying to running a, you know, huge company like that’s publicly traded. And I don't know what his skill set was, but man, is he an incredible person, too. He's just got a lot of energy and I, I think he knows he's lucky to, and he's done well and he earned it, but he knows like, wow, I'm fortunate to have this, but yeah, he was a caddy at Shadow Creek. I don't know the full story. Love to set it up. But I would listen to that one for sure. And see what he has to say about his early days to where he is today.
Kai Sato: Let's get that one down. Appreciate it, Hoyt. Hoyt McGarity, I'm lucky to call you a good friend, and I learn a lot from you. You're like a big brother to me these days, so I appreciate it. And you're willingness to talk, not only about your caddying experience, but how it's impacted the vast majority of your life to now running one of the most important companies in golf and working with somebody like Howard, it's really special and it's an inspiration, my friend.
Hoyt McGarity : Yeah. Well, thank you for having me and I enjoy the show. And I wait to listen to more of these.
Kai Sato: Sounds good, buddy. We'll talk soon.
Hoyt McGarity : Thank you.
Kai Sato: See you.
*This interview has been edited and condensed
