“Dear Apple shareholders...”
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 3 January 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
Apple falls after CEO Tim Cook lowers revenue guidance for the 1st quarter. Bristol-Myers Squibb gives Celgene shareholders $74 billion reasons to smile. MFAM Funds portfolio manager Bill Barker analyzes the latest headlines and what it means for investors. Plus, we dip into the Fool Mailbag to discuss investing for your (adult) children. (Tangents include company rebranding fails, Harry Potter’s effect on today’s mega-merger, and why Bill hasn’t been in the studio in awhile.)
Transcript
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| 0:00.0 | It's Thursday, January 3rd. Welcome to Market |
| 0:04.0 | I'm Chris Hill joining me in studio from M-FAM funds. |
| 0:08.0 | He's been out for a while, but he's back now. It's Bill Barker. |
| 0:11.0 | Thanks for being here. |
| 0:12.0 | Thanks for inviting me back. |
| 0:14.0 | Well, you know what, we'll get to Hawaii even out in a little while because the way you just said that, |
| 0:22.1 | it sounded like, oh oh I would have come |
| 0:23.6 | back sooner but you didn't invite me now you were out for a while and we'll get to that. |
| 0:27.2 | I wasn't invited maybe I would have come in maybe he would have come in who knows so yesterday |
| 0:32.3 | afternoon around 2.30 you and I were on slack |
| 0:35.0 | going back and forth and you wrote something to the effect of what are we going to |
| 0:38.7 | talk about on Thursday? There's not really any news and maybe you know well let's let's figure out what we can talk |
| 0:44.7 | about and I think that the news fairy overheard you because because there's a |
| 0:50.1 | 74 billion dollar deal in the biofarma industry and that's not the lead story today. |
| 0:57.0 | No, no. |
| 0:58.0 | Distant second. |
| 0:59.0 | Distant second. |
| 1:00.0 | And that's because Tim Cook, CEO of Apple, sent a lettered shareholders and it went something like this. |
| 1:08.0 | Dear Apple shareholders, remember back in November when we forecast that our first quarter revenue was going to be somewhere in the neighborhood of 89 to 93 billion dollars? |
| 1:18.0 | How would you feel about 84 billion instead? |
| 1:21.0 | And shares of Apple are down 9% today. |
| 1:25.0 | Yeah, the attempt to sort of spice that bad news up with, by the way, we're going to have an all-time record for earnings |
... |
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