Business, Not Politics
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 27 September 2016
⏱️ 21 minutes
🧾️ Download transcript
Summary
If you want to hear about last night’s Presidential debate, you’ll have to go somewhere else. Today we’re discussing Kroger’s 52-week low (as grocery prices continue to fall), Carnival Cruise Line’s rise after a big 3rd-quarter, and we dip into the Fool Mailbag. Thanks to Pearl Auto for supporting this episode. Go to http://PearlAuto.com/Fool to get free 2-day shipping.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by Pearl Auto, the folks that make wireless |
| 0:04.1 | review cameras for your car that retrofit around your license plate in sync with your smartphone |
| 0:09.8 | so you can drive safer. |
| 0:11.1 | Check it out at Pearl Auto.com slash fool and get free two-day shipping. |
| 0:17.0 | It's Tuesday, September 27th. Welcome to Market Forward. I'm Chris Hill joining me in studio today for a million dollar portfolio, |
| 0:24.0 | Jason Moser. Thanks for being here. Howdy. You know what we're not going to talk about today? |
| 0:29.7 | Last night's debate. Giddy up. I'm on board. We're going to be the one business show that actually |
| 0:36.2 | talks about business today. How about we do that? We're going to dip into the full mail bag. |
| 0:41.6 | We got another cruise line doing well. We'll get to that. Let's start with the |
| 0:46.1 | fact that food prices in the United States have fallen for nine straight months and that may |
| 0:51.9 | not sound like a lot but with the exception of the |
| 0:54.7 | Great Recession that is actually the longest streak of food deflation in more than 55 years |
| 1:01.0 | and maybe not surprisingly shares of Kroger hitting a 52 week low today and |
| 1:08.0 | we'll go wide on the grocery industry but I was surprised to see Kroger because that's a business that we've talked |
| 1:16.0 | about in pretty glowing terms, and I think deservedly so when you look at how management has grown that business, how they not only made the |
| 1:28.0 | acquisition of Harris Teeter, but incorporated it really well and kept that brand going which is you know that was a big |
| 1:36.2 | I mean you and I talked about that at the time and one of the things we talked about |
| 1:40.0 | was this is a big acquisition, it makes sense on paper, execution is everything at this |
| 1:46.7 | point. |
| 1:47.7 | They've executed that well. |
| 1:48.7 | Again, I go back to, which is why I'm a little bit surprised that this stock is hitting a 52-week |
| 1:54.1 | low. |
... |
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