MarketFoolery: 02.20.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 February 2013
⏱️ 18 minutes
🧾️ Download transcript
Summary
On today's MarketFoolery, our analysts discuss housing stocks, video game stocks, and diamond heists.
Transcript
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| 0:00.0 | It's Wednesday, February 20th. |
| 0:03.6 | Welcome to Market Foolry. |
| 0:04.7 | I'm Chris Hill joining me in studio today |
| 0:06.4 | for Motley Fool rule breakers in Supernova, |
| 0:08.6 | Matt Argosinger, and for Motley Full inside value |
| 0:11.2 | of Joe Meger. |
| 0:11.8 | Happy Humpty guys. |
| 0:13.0 | Yeah, howdy. |
| 0:14.3 | Good to be here. |
| 0:15.7 | We're going to talk tech, we're going to talk video games, |
| 0:18.5 | and we're going to talk about making money |
| 0:20.1 | the old-fashioned way, and by that I mean stealing it but we're going to start with |
| 0:24.1 | housing Toll Brothers first quarter profits came in three cents a share |
| 0:29.3 | revenue is up 32 percent and yet Matt it was still lower than Wall Street analysts were expecting and |
| 0:35.8 | that sort of coupled with the news that a housing starts in January fell 8.5% what |
| 0:42.0 | what happened it was my understanding that 2013 was the year of the housing boom. |
| 0:46.7 | And we are, those two pieces of information sort of go against that. |
| 0:50.1 | Well, they don't necessarily only because, you know we're Toll Brothers is in the business of building new homes |
| 0:55.2 | Housing starts new homes right you know the real story might be |
| 0:59.2 | Warren Buffett actually thinks this might be actually good news because there's a lot of shadow |
| 1:02.8 | inventories we know so if you see how Home Blow is building less homes that |
| 1:07.0 | means there's going to be less inventory and actually we have more demand you know |
... |
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