Blockchain Insanity Reaches New High
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 21 December 2017
⏱️ 37 minutes
🧾️ Download transcript
Summary
Bed Bath & Beyond struggles, while Pacific Gas & Electric suspends its dividend in the face of mounting lawsuits. Motley Fool Asset Management’s Bill Barker analyzes the latest on both. Plus, we dip into the Fool Mailbag and shake our heads in amazement as Long Island Iced Tea Corp. pivots to blockchain technology. (Tangents include New Orleans restaurants vs. San Francisco’s, the Ark of the Covenant, and the comedic stylings of Bob Newhart.)
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by 23 and me. |
| 0:03.0 | Now through December 26th, get up to $50 off each 23 and me DNA kit. |
| 0:08.4 | Give the ultimate personalized gift by going to 23 and me.com slash fool. |
| 0:14.0 | It's Thursday, December 21st. |
| 0:17.0 | Welcome to Market Fullry. |
| 0:18.0 | I'm Chris Hill joining me in studio today for Motley Full Asset Management, Bill Barker. |
| 0:23.0 | Happy Thursday. |
| 0:24.0 | Thank you. |
| 0:25.0 | Welcome back from New Orleans. |
| 0:26.0 | Thank you again. |
| 0:28.0 | We'll get to that. |
| 0:30.0 | I'm curious about your trip, but we've got we still got earnings. We've still got |
| 0:36.3 | we've got maybe the ultimate Bitcoin slash blockchain story and we're gonna dip it in the |
| 0:42.3 | full mailbag but let's start with |
| 0:43.8 | bed bath and beyond third quarter profits and revenue came in higher than |
| 0:47.4 | expected and I'm guessing the expectations were really really low because that stock is heading south today and the fact that this |
| 0:59.5 | is a quarter that includes at least part of the holiday season and same store sales down 0.3% |
| 1:09.2 | that might not sound like a lot but if you're not getting it if you're a retailer and you're not getting it done at the end of the year you got problems |
| 1:16.8 | Yeah, it's a sort of more of the same and the same has been |
| 1:21.2 | a disaster for shareholders of Bed Bath and Beyond for a while now and I think that |
| 1:26.8 | it is telegraphing that people can expect the pattern to continue. This is a company which has been able to sort of keep its |
| 1:36.3 | top line reasonably healthy over the last few years and it is really kind of close to all-time highs for sales up around 12 billion a |
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