Everyday Low Prices > Treasure Hunting

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 23 December 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If your company isn’t a growth business, what’s the advantage of being in the public markets? (00:14) Jim Gillies and Ricky Mulvey discuss: - Why luxury department stores are struggling. - Disney spending $645 million to make two seasons of the Star Wars series, Andor in a ten-ish minute discussion. - What investors should consider before using options to generate income. Companies discussed: JWN, PTON, DISHost: Ricky Mulvey Guest: Jim Gillies Producer: Mary Long Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The sale at Nordstrom is over.
0:06.6	You're listening to Motley Full Money.
0:13.8	Jim, this is our second recording of the day.
0:15.9	We are now on minute 40, 40, 40 of seeing each other.
0:18.9	Do I still do the like, hey, it's good to see a thing?
0:20.9	Do we, or do we let the listeners know what's going on behind the scenes?
0:24.3	Feel free. Let's pretend.
0:26.2	Okay. It's so good to see you. How's your morning going?
0:29.1	It's, would have been better if we got up the first take, but other than that, it's great.
0:33.1	Let's do this Nordstrom story again. First time for the listeners though.
0:38.3	The theme of this, Jim, is that being a public company is difficult.
0:42.3	El Puerto de Liverpool, SAB, is acquiring all outstanding shares of Nordstrom for a little
0:48.3	bit more than 24 bucks in cash.
0:51.3	It's a tiny premium for what it goes for today.
0:54.8	The Nordstrom family will hold on to a majority of the company as it goes private.
0:59.6	But why do you think this storied brand is leaving the public markets here?
1:04.4	Because they haven't been rewarded for being public.
1:07.7	And also, too, small premium.
1:13.6	This has been in the works for a year. I think it was a year ago December 14th in 2023 when El Puerto de Liverpool filed a public NDA, essentially
1:22.6	saying, yeah, we're looking at this and we're happy to do it the way you guys want to do it, you
1:29.8	guys being Nordstrom family.
1:32.3	In September 2024, there was a preliminary filing offering $23 a share here.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.