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Motley Fool Hidden Gems Investing

Eli Lilly's Optimism

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 8 August 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

By one count, a drugmaker founded in 1876 is a more expensive stock than Tesla. (Time Stamp)  Ricky Mulvey and Bill Barker discuss: - Tesla’s CFO departure. - Eli Lilly hitting an all-time high, and the drugmaker’s optimistic results. - How Burger King is driving sales growth with limited time offers. - Zoom calling its employees back to the office. Companies discussed: TSLA, LLA, NVO, QSR, ZM Host: Ricky Mulvey Guest: Bill Barker Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Usually you say goodbye before you leave, but sometimes you forget you're listening to

0:09.6

Motley Full Money.

0:11.0

I'm Ricky Mulvey.

0:15.4

Joining us now is Bill Barker.

0:16.8

Bill, good to see you.

0:18.8

Thanks for having me.

0:20.4

Big news today.

0:21.4

Tesla's chief financial officer Zach Kirkhorn.

0:23.8

Well, he stepped down from his role last Friday.

0:26.8

Kirkhorn is replaced by Veybov, Teneja.

0:29.4

Well, you find out a CFO is leaving before they step down, Bill.

0:33.0

Even if they are staying on throughout the end of the year, this is a little unusual.

0:37.9

It's a little unusual, but not so unusual that the market seems to find it terribly disconcerting.

0:46.6

You want CFOs to stick around and arrange an orderly transition and all that.

0:54.4

So suddenness of the announcement raises some questions, but behind the scenes there

1:01.7

don't seem to be big questions that are concerning the market players yet.

1:06.0

Or big questions that we may not know about from the outside.

1:09.0

I mean, for newer listeners, the way a CFO steps down from a company can be a big deal.

1:16.3

Why is this something that investors pay so much attention to?

1:21.0

But other situations when a CFO steps down abruptly with a little detail about why, then

1:30.3

you're going to have questions about whether there were any financial irregularities that

1:34.2

either the CFO was responsible for and is being pushed out or is aware of and no longer

...

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