Guidance? We don’t need no stinking guidance!
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 9 January 2019
⏱️ 19 minutes
🧾️ Download transcript
Summary
Constellation Brands falls after lowering guidance for 2019 thanks to a write-down in its investment in Canopy Growth. Lennar wraps up its fiscal year by deferring guidance altogether. MFAM Funds portfolio manager Bill Barker analyzes the beverage and housing industries. Plus, we dip into the Fool Mailbag in search of coffee stocks.
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Transcript
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| 0:00.0 | Thanks to LinkedIn for supporting this episode of market foolery. |
| 0:02.4 | Find the right people for your business this year at LinkedIn.com slash fool |
| 0:07.2 | and get $50 off your first job post. |
| 0:09.4 | That's LinkedIn.com slash fool. |
| 0:11.5 | Terms and conditions apply. |
| 0:13.4 | It's Wednesday January 9th. |
| 0:17.0 | Welcome to Market Foolery. |
| 0:18.0 | I'm Chris Hill. |
| 0:19.2 | Joining me in studio from M-Fam Funds, Bill Barker. |
| 0:23.0 | Thanks for being here. |
| 0:24.0 | Thanks for having me. |
| 0:25.0 | Do you know what the word of the day is? |
| 0:27.0 | I do not. |
| 0:28.0 | The word of the day is guidance. |
| 0:30.0 | Yes. |
| 0:31.0 | We're, the guidance looms over, well, at least two-thirds of what we're going to talk about today, |
| 0:37.0 | and we'll start with Constellation Brands, which is the business in, well, they're in the business of beverages mostly they've got a |
| 0:46.8 | portfolio of brands in beer wine spirits Corona probably the best known |
| 0:52.2 | brand their third quarter results |
| 0:54.4 | were fine but constellation brands lowered their guidance for 2019 due to |
| 1:00.9 | weak sales in the wine portfolio and also wait for it? |
| 1:06.0 | Yes, the four billion dollar investment in canopy growth, |
... |
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