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Motley Fool Money

Chewy’s New Kitten

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 2 July 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

This investor is not a cat, though. Asit Sharma and Ricky Mulvey discuss Chewy becoming a meme stock, Cedar Fair and Six Flags merging into one company, and headlines from 2029. Companies discussed: CHWY, SIX, FUN, AMZN, WMT Host: Ricky Mulvey Guest: Asit Sharma Producer: Mary Long Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's a big day for roller coaster investors. You're listening to Motley Fool Money. I'm Ricky Mulvey joined today by Osset Sharma Osset. We've been talking for about 10 minutes

0:25.9

still lovely to see you. Thanks for being here. I'm gonna pretend I just got on and saw

0:30.9

you for the first time. Great to see you, Ricky.

0:32.6

Great.

0:33.6

Sometimes we do hop on for the first time,

0:35.4

but sometimes we, you know,

0:37.0

we chat about things that we can't chat about on the show.

0:40.0

Anyway, let's talk about Chui.

0:41.3

You're peeking everyone's interest now, Ricky.

0:43.4

But let's move forward with this show.

0:45.4

I was telling Osset my deep dark secrets.

0:48.8

And someone who had maybe a little bit of a secret

0:51.5

up until a couple weeks ago was Keith Gill or last week

0:54.9

aka the roaring kitty guy so last week I wondered sort of with Tim buyers why pet

1:00.7

retailer Chui had surged more than 60% in a month.

1:05.0

Then it turns out, Roaring Kitty, one of the leaders of the GameStop stock frenzy,

1:10.0

he had a movie made about him and he was sort of the leaders of the online retail

1:14.1

investor movement that was buying up the stock and squeezing the shorts on that.

1:17.6

Turns out he's interested in Chewy now. We found out that he owns about 7% of the whole company.

1:24.4

That's a quarter billion dollars.

1:26.9

This is an interesting activist to have on your team

1:29.5

or interesting stockholder to have on your team if you're chewy, but let's focus on the shareholders, like me,

...

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