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MarketFoolery

Buffett’s Buyback and SeaWorld’s Surprise

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 5 November 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

Warren Buffet buys back $12.6 billion in stock. Lowe’s closes 51 stores in the U.S. and Canada. And SeaWorld reports better-than-expected earnings and attendance. Motley Fool analysts Jason Moser and Emily Flippen discuss those stories.

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Transcript

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0:00.0

This episode of Market Foolery is brought to you by Molecule, the world's first molecular air purifier that reduces symptoms for allergy and asthma sufferers.

0:08.5

For $75 off your first order, visit M-O-L-E-E-D-C-U-L-E dot com and enter the discount code Fool 75.

0:19.7

It's Monday, November 5th, welcome to Market Foolery.

0:22.4

I'm Matt Greer, and joining me in studio we have

0:24.9

Motley Full Analysts, Emily Flippin and Jason Moser. How are we doing this Monday?

0:29.8

Hey hey!

0:30.8

Doing wonderful.

0:31.8

Good, that's all I can ask for.

0:34.5

We've got lots to talk about.

0:36.2

And we're going to kick things off with the world of Warren Buffett

0:39.3

and Berkshire Hathaway, third quarter operating profits, doubling.

0:43.8

Jason, strong numbers across the board here

0:46.2

with their insurers, their railroads,

0:48.0

their manufacturing companies,

0:49.5

and Buffett buying back 12.6 billion in stock.

0:54.0

What does it all mean?

0:55.0

Well, I think it means that he really likes his company so much

0:59.0

that he wants to buy back more and more stock.

1:01.0

But I mean, that makes a lot of sense, sense really because we, quarter in and quarter out, talk about the merits of Berkshire Hathaway's business model. I mean, they, you keyed in on it there across the board and you started talking about railroads and energy and insurance.

1:14.1

I mean they make their money a number of different ways and I think personally it was really

1:21.2

interesting to see earlier in the year they essentially lifted that

1:26.0

benchmark that they had set for share repurchasees.

...

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