3 Bank Stocks We Just Bought

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 30 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It helps to know the difference between an investing opportunity and a falling knife.

(0:21) Asit Sharma discusses:
- RH (aka, Restoration Hardware) wrapping up a rough fiscal year.
- How the retailer's great margins during the pandemic have gotten....less great.
- Electronic Arts and Roku joining the list of tech companies laying off employees.

(12:40) Jason Moser and Matt Frankel take a closer look at beaten-down bank stocks with strong fundamentals.

Companies discussed: RH, ROKU, EA, KRE, SCHW, SOFI, BAC, ALLY

Host: Chris Hill
Guests: Asit Sharma, Jason Moser, Matt Frankel
Producer: Ricky Mulvey
Engineers: Dan Boyd, Tim Sparks

Transcript

Click on a timestamp to play from that location

0:00.0	Retail gaming entertainment bank stocks?
0:08.7	In other words, just another day on this little podcast of ours.
0:12.5	Motley Fool Money starts now.
0:14.8	I'm Chris Hale joining me today, Motley Fool's Senior Analyst, Aset Sharma.
0:24.5	Good to see you.
0:25.5	Chris, it's good to see you.
0:26.9	Thanks for having me on.
0:28.5	Let's start in retail and a rough end to the fiscal year for RH, the company formerly
0:34.0	known as Restoration Hardware, hosted fourth quarter profits in revenue that were lower
0:39.4	than Wall Street was expecting.
0:42.5	And this is one of those businesses, fairly or unfairly, that I think gets lumped in with
0:48.7	the group that comes under the heading pandemic darlings.
0:52.9	Because if you look at a stock chart over the last three years of RH, there was a great
0:58.4	run up because people were investing in their homes and RH sells high end furniture.
1:06.7	And it's been a pretty bumpy and steady trip down the last year or so.
1:13.4	Stock down about 25% or so.
1:16.4	But in terms of the results, this was, you know, this just hasn't been a great past
1:21.1	12 months for the business.
1:22.8	I agree, Chris, Gary Friedman, CEO, who always delivers very colorful conference calls,
1:30.4	read his letters if you get a chance, is a very fun writer.
1:33.9	He mentioned a lot of factors that influence the result.
1:38.5	And coming out of the pandemic was one of the big factors.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.