Ep. 531: John Petrides: The Next Retail Takeover

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 5 July 2017

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another episode of Wall Street Unplugged. He's back… Managing Director at Point View Wealth Management and Wall Street Unplugged all-time favorite, John Petrides, joins the show once again. And apart from our quarterly routine, jumping from one sector to another, today we're turning all of our focus on one. Just last week, a surprisingly big acquisition took place in the retail sector; Private equity firm Sycamore bought out Staples for $10.25 per share… in a deal valued close to $7 billion. Shares of Staples, which have been on a steady decline for the past decade, finally found some life - after shares surged more than 8% in late session trading. All of which, has got John thinking... Helped along by today’s low interest rate environment, on top of a severely depressed, cheap, and hated retail sector… John’s prediction is that we’re still in the early innings of these takeover deals. On today’s show, we each give away our best guesses at which retailer is next. Including one big-box that just might be Jeff Bezos’s next lunch. You heard it here first. Good Investing, Frank Curzio

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.0	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.7	right to you on Main Street.
0:14.0	How's it going out there? It's Wednesday, July 5th.
0:18.0	I'm Frank Curzy, host of the Wall Street Unplugged Podcast,
0:21.0	why, break down the headlines.
0:22.0	End. to unplugged podcast, wipe down the headlines and tell you what's really moving these markets.
0:29.6	Last week, it's really cool.
0:33.2	This is my podcast from, I believe it was about two weeks ago.
0:36.3	Interviewed Frank Holmes from US Gold War investors.
0:39.7	He just launched a new gold E.
0:40.8	The New York Stock Exchange.
0:42.0	And during that interview, he invited me to his closing bell ceremony, which was
0:46.7	last Thursday.
0:47.7	So I've been to one of those before for Yamana Gold.
0:51.1	I think it was like a 2006 or five or something like that where you
0:54.2	have the breakfast, they give you a toy in your stock chain, this was the opening bell.
0:58.5	And you know they have another guy to talk about the history of the exchange, really amazing stuff.
1:01.5	It's really cool just to be down there, even though it's not as crowded as it once was, maybe about
1:05.2	ten years ago.
1:06.9	And when Yaman actually rang the bell, the executives went up to the platform.
1:10.4	It fits about 13 people or so when I was escorted down below but it was still
	...

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