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MarketFoolery

Buffett’s $37 Billion Bet

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 10 August 2015

⏱️ 18 minutes

🧾️ Download transcript

Summary

Berkshire-Hathaway shells out $37 billion for Precision Castparts, but Wall Street seems unimpressed. Neiman Marcus posts strong online sales as it gears up to go public. Plus we analyze Under Armour’s new partnership with the NBA and Twitter’s new deal with the NFL.

Transcript

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0:00.0

It's Monday August 10th. Welcome to Market Fuller. I'm Chris Hill joining me in studio today from a million dollar portfolio

0:07.0

Jason Moser and from Stock Advisor Canada Taylor Markerman. Happy Monday, Jen.

0:11.0

Howdy? It's it's it's kind of like Jakarta out there it's just like swampy and I'm just

0:18.0

waiting for the clouds to open up it is a bit and and relieve us although I mean

0:22.2

watching football last night it's just a

0:24.2

harbinger of things to come right I mean we have fallen away I mean I you know

0:29.7

it's a state of mind almost I think as long as you feel like it's coming you can start feeling a little bit better

0:36.0

You're saying as long as I feel like it's cooler outside unless humid I'm good

0:39.7

The mind is a powerful thing

0:41.1

You feel the breeze

0:47.4

We are going to look at some luxury retail. We are going to look at a couple of deals in the sports world, but let's start with the story of the day and that is Warren Buffett finally

0:55.8

bagged his elephant, which she's been talking about for a couple of years, Buffett saying,

1:00.0

I've still got my elephant gun, I'm still looking to make a big deal and we've got it

1:04.0

because Berkshire Hathaway is buying precision cast parts which is an aviation and

1:08.3

energy industry parts maker for more than $37 billion in cash and Taylor this is the biggest

1:17.3

deal ever by Berkshire Hathaway and that's saying something because they've pulled

1:21.3

off some massive they you know just think back to the

1:23.8

Burlington Northern was that 26 20 just north of 26 billion dollars and back then

1:28.8

five years ago people were just marveling at the size of the check that was stroked there.

1:35.8

Now more than $37 billion.

1:36.8

Well if this turns out the same way, I mean the payback period wasn't too long on Burlington

1:41.3

Northern.

...

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