MarketFoolery: 02.15.2012

MarketFoolery

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4.7 • 1.7K Ratings

🗓️ 15 February 2012

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kellogg's buys Pringles. And Warren Buffett increases his bet on Intel and IBM.

Transcript

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0:00.0	It's Wednesday, February 15th, and this is Market Fullry.
0:05.0	I'm Prischelan joining me in studio today from Motley Fool Asset Management, Bill Mann.
0:09.0	That's true.
0:10.0	And from Motley Fool Inside Value, Uncle Joe Maker.
0:12.0	Also true.
0:13.2	Gentlemen, good to see you.
0:14.9	We're going to talk about...
0:15.9	Only true facts here on the podcast.
0:17.4	Exactly.
0:18.4	We're going to talk about Berkshire Hathaway's latest investment.
0:21.1	We will dip into the full mail mailbag but we are going to start
0:24.0	with snack food that is near and dear to my heart which is Pringles. We talked last
0:29.8	week about diamond foods having to restate two years worth of financials now known as
0:34.9	Coal Foods after some questionable accounting practices came to light and one ripple
0:41.1	effect was that Diamond's deal to buy Pringles from Procter and Gamble fell apart.
0:46.0	The good news is Kellogg's announced plans this morning to buy Pringles for 2.7 billion.
0:51.8	Joe, Procter and Gamble is one of the stocks
0:54.0	that you follow closely.
0:56.6	Is this a good deal for both sides?
0:58.6	For one side?
0:59.2	What do you think?
1:00.0	Oh, it's a great deal for P&G.
	...

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