4.6 • 1.1K Ratings
🗓️ 2 February 2011
⏱️ 57 minutes
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0:00.0 | S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media |
0:08.8 | to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street. |
0:17.0 | How's it going out there? |
0:18.0 | It's February 2nd and I am Frank Curzio, hosting an S&A investor podcast where I break down the headlines and tell you what's really |
0:25.4 | moving these markets. Wow, I'm kind of glad I live in Florida. I know you're thinking I'm always complaining I'm always complaining but I think I'm pretty |
0:35.9 | sure we're still the only state not to have snow. All my friends and family pretty much |
0:41.0 | don't want to talk to me right now since they're sitting on what |
0:43.7 | is it I want to say four storms of 12 inches plus and also a bunch of ice so I don't |
0:50.6 | know to be honest with the I don't know if I feel bad for them or not but it's pretty cool living in Florida. No complaints about Florida today. I'm very happy to be in Florida with 65 70 degree weather which is pretty cool. |
1:00.0 | Anyway great podcast for you today. I have a first time guest, one of the smartest people I've ever interviewed and I've never said that about anybody this podcast. |
1:09.0 | Very, very, very, I mean I interview a lot of brilliant people. He's definitely the top of this list if you're |
1:13.6 | looking to become a millionaire I'm sure that includes most of you listen to this |
1:17.0 | podcast this interview is a must listen to before I tell you the name of this |
1:21.3 | guest let's get a little bit some market news. |
1:25.0 | Over the weekend, Alpha Resources said it would buy Massey Energy for $7 billion or $69 a share. |
1:32.0 | The acquisition, not really too much of a surprise. I mean, |
1:34.8 | offer resources was interested in Massey for quite a long time, a couple months now. |
1:40.0 | However, some people believe that the price, the price is a big surprise and it's too high. |
1:45.0 | For me? I don't think so. |
1:47.0 | Massey, America's fourth largest coal producer, right? |
1:51.0 | They hold about 110 mines, 5 billion tons of coal reserves. However, Massey has a lot of |
1:57.8 | exposure to China. I don't know if I told you this. I'm being sarcastic. I visited China China and I mentioned many many times. 75% of their electricity |
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