CG: Looking Back at Our Missteps on Wal-Mart and Amazon
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 22 August 2017
⏱️ 23 minutes
🧾️ Download transcript
Summary
We said what?!? That is our theme for Industry Focus this week, and we continue the discussion with missed calls on Wal-Mart’s Jet.com acquisition and the 2,000 stores Amazon was supposed to open in the next several years.
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Transcript
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| 0:00.0 | Thanks to Herries for supporting the Motley Fool to get your free trial set, including a razor handle, |
| 0:04.4 | five blade cartridge and shave gel, go to Harry's.com slash Fool. |
| 0:08.6 | Welcome to industry focus to podcast that dives into a different sector of the stock market every day. |
| 0:15.0 | I'm your host Vitz and Jen and it's Tuesday August 22nd. |
| 0:18.0 | If you heard the financial show yesterday with Gabby, you'll know that we're in the middle of our newest theme week |
| 0:23.5 | this time lovingly called we said what our goal this week is to circle back on |
| 0:29.5 | instances when we made a mistake or made the wrong call so we can just talk about and |
| 0:34.8 | see how things actually turned out for the companies involved. And to do that |
| 0:39.7 | joining me via Skype today is full. com contributor Dan Klein. Dan are you prepared to |
| 0:45.8 | reflect on some of our missteps from the show? |
| 0:48.4 | Well when you think mistakes you think me so I'm more than happy to be here and ready to go. You were my easy |
| 0:55.7 | target for today but honestly I'm you know when I approached you about this show |
| 1:00.7 | you immediately had a few instances in mind for good ideas of things that we can |
| 1:05.0 | revisit, big stories for those companies when we talked about them at the time. |
| 1:11.6 | So we have two main examples that I'd like to touch on. |
| 1:14.6 | And our first one is from one year ago, last August, |
| 1:18.3 | and that was when we dissected Walmart's 3.3 billion dollar acquisition of Jet.com. Austin if you could roll the tape please. |
| 1:27.0 | We joked about this before but one I think Walmart's lighting money on fire here. |
| 1:32.0 | I don't think there's anything that they couldn't have duplicated in six months for |
| 1:37.2 | you know half a billion dollars so they're spending a huge amount of money to |
| 1:41.6 | get a guy you know money to get a guy. |
| 1:43.0 | And I get it. |
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